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 04717244 Mr Martin Baxter Mrs Celia Baxter Mrs Celia Baxter iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04717244 2023-03-31 04717244 2024-03-31 04717244 2023-04-01 2024-03-31 04717244 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04717244 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04717244 frs-core:NetGoodwill 2023-04-01 2024-03-31 04717244 frs-core:MotorVehicles 2023-04-01 2024-03-31 04717244 frs-core:PlantMachinery 2023-04-01 2024-03-31 04717244 frs-core:ShareCapital 2024-03-31 04717244 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04717244 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04717244 frs-bus:AbridgedAccounts 2023-04-01 2024-03-31 04717244 frs-bus:SmallEntities 2023-04-01 2024-03-31 04717244 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04717244 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04717244 frs-bus:Director1 2023-04-01 2024-03-31 04717244 frs-bus:Director2 2023-04-01 2024-03-31 04717244 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 04717244 frs-countries:EnglandWales 2023-04-01 2024-03-31 04717244 2022-03-31 04717244 2023-03-31 04717244 2022-04-01 2023-03-31 04717244 frs-core:ShareCapital 2023-03-31 04717244 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04717244
M B S Interiors Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04717244
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 34,987 46,139
34,988 46,140
CURRENT ASSETS
Stocks 6,440 6,290
Debtors 39,262 50,219
Cash at bank and in hand 181,420 144,433
227,122 200,942
Creditors: Amounts Falling Due Within One Year (99,474 ) (87,377 )
NET CURRENT ASSETS (LIABILITIES) 127,648 113,565
TOTAL ASSETS LESS CURRENT LIABILITIES 162,636 159,705
NET ASSETS 162,636 159,705
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 161,636 158,705
SHAREHOLDERS' FUNDS 162,636 159,705
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Martin Baxter
Director
Mrs Celia Baxter
Director
26th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
M B S Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04717244 . The registered office is Unit 1 Oakwood Road, Oak Tree Lane, Mansfield, Nottinghamshire, NG18 3HQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 April 2023 60,000
As at 31 March 2024 60,000
Amortisation
As at 1 April 2023 59,999
As at 31 March 2024 59,999
Net Book Value
As at 31 March 2024 1
As at 1 April 2023 1
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 231,834
Additions 803
As at 31 March 2024 232,637
Depreciation
As at 1 April 2023 185,695
Provided during the period 11,955
As at 31 March 2024 197,650
Net Book Value
As at 31 March 2024 34,987
As at 1 April 2023 46,139
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4