Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 09878271 Mr Mark Baker Ms Elizabeth Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09878271 2023-03-31 09878271 2024-03-31 09878271 2023-04-01 2024-03-31 09878271 frs-core:CurrentFinancialInstruments 2024-03-31 09878271 frs-core:ComputerEquipment 2024-03-31 09878271 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09878271 frs-core:ComputerEquipment 2023-03-31 09878271 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09878271 frs-core:MotorVehicles 2024-03-31 09878271 frs-core:MotorVehicles 2023-04-01 2024-03-31 09878271 frs-core:MotorVehicles 2023-03-31 09878271 frs-core:PlantMachinery 2024-03-31 09878271 frs-core:PlantMachinery 2023-04-01 2024-03-31 09878271 frs-core:PlantMachinery 2023-03-31 09878271 frs-core:SharePremium 2024-03-31 09878271 frs-core:ShareCapital 2024-03-31 09878271 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09878271 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09878271 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09878271 frs-bus:SmallEntities 2023-04-01 2024-03-31 09878271 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09878271 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09878271 frs-bus:Director1 2023-04-01 2024-03-31 09878271 frs-bus:Director2 2023-04-01 2024-03-31 09878271 frs-countries:EnglandWales 2023-04-01 2024-03-31 09878271 2022-03-31 09878271 2023-03-31 09878271 2022-04-01 2023-03-31 09878271 frs-core:CurrentFinancialInstruments 2023-03-31 09878271 frs-core:SharePremium 2023-03-31 09878271 frs-core:ShareCapital 2023-03-31 09878271 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09878271
Mbm Plumbing & Heating Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09878271
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,915 23,323
21,915 23,323
CURRENT ASSETS
Debtors 5 56,627 183,257
Cash at bank and in hand 26,285 118,351
82,912 301,608
Creditors: Amounts Falling Due Within One Year 6 (93,353 ) (242,747 )
NET CURRENT ASSETS (LIABILITIES) (10,441 ) 58,861
TOTAL ASSETS LESS CURRENT LIABILITIES 11,474 82,184
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,164 ) (4,431 )
NET ASSETS 7,310 77,753
CAPITAL AND RESERVES
Called up share capital 7 200 200
Share premium account 6,191 6,191
Profit and Loss Account 919 71,362
SHAREHOLDERS' FUNDS 7,310 77,753
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Elizabeth Clarke
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mbm Plumbing & Heating Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09878271 . The registered office is C/O Parker Whitwood Limited, 139 Manchester Road, Altrincham, WA14 5NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing value
Motor Vehicles 20% reducing value
Fixtures & Fittings 20% reducing value
Computer Equipment 33% reducing value
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 2,175 23,415 2,651 28,241
Additions 3,077 - 1,035 4,112
As at 31 March 2024 5,252 23,415 3,686 32,353
Depreciation
As at 1 April 2023 410 2,927 1,581 4,918
Provided during the period 999 4,098 423 5,520
As at 31 March 2024 1,409 7,025 2,004 10,438
Net Book Value
As at 31 March 2024 3,843 16,390 1,682 21,915
As at 1 April 2023 1,765 20,488 1,070 23,323
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,777 153,912
Amounts recoverable on contracts 16,763 23,657
Prepayments and accrued income 7,087 5,670
Other debtors - 18
56,627 183,257
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,416 115,301
Bank loans and overdrafts 17,302 17,400
Corporation tax 4,628 23,698
Other taxes and social security 1,767 5,861
VAT 742 149
Other creditors 173 29
Accruals and deferred income 2,015 42,633
Directors' loan accounts 56,310 37,676
93,353 242,747
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
Page 4
Page 5
2024 2023
£ £
Ms Elizabeth Clarke 36,594 37,230
Mr Mark Baker 36,089 36,119
Page 5