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Company Registration No. 10552477 (England and Wales)
MBV Holdings Limited Unaudited accounts for the year ended 31 March 2024
MBV Holdings Limited Unaudited accounts Contents
Page
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MBV Holdings Limited Company Information for the year ended 31 March 2024
Director
Marco BOTTICELLI
Company Number
10552477 (England and Wales)
Registered Office
128 City Road,  London United Kingdom EC1V 2NX
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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MBV Holdings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,716 
47,283 
Current assets
Debtors
26,230 
29,019 
Cash at bank and in hand
6,173 
18,797 
32,403 
47,816 
Creditors: amounts falling due within one year
(66,828)
(25,278)
Net current (liabilities)/assets
(34,425)
22,538 
Total assets less current liabilities
23,291 
69,821 
Creditors: amounts falling due after more than one year
(23,211)
(61,793)
Net assets
80 
8,028 
Capital and reserves
Called up share capital
5,000 
5,000 
Profit and loss account
(4,920)
3,028 
Shareholders' funds
80 
8,028 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2024 and were signed on its behalf by
Marco BOTTICELLI Director Company Registration No. 10552477
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MBV Holdings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MBV Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 10552477. The registered office is 128 City Road, , London, United Kingdom, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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.
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
20% SLB
Motor vehicles
20% SLB
Fixtures & fittings
20% SLB
Computer equipment
20% SLB
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.
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MBV Holdings Limited Notes to the Accounts for the year ended 31 March 2024
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 year 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 asset reflects 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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
4,869 
60,695 
821 
39,459 
105,844 
Additions
- 
222 
- 
2,442 
2,664 
At 31 March 2024
4,869 
60,917 
821 
41,901 
108,508 
Depreciation
At 1 April 2023
1,518 
40,927 
260 
15,856 
58,561 
Charge for the year
974 
12,184 
164 
7,654 
20,976 
On disposals
- 
(28,745)
- 
- 
(28,745)
At 31 March 2024
2,492 
24,366 
424 
23,510 
50,792 
Net book value
At 31 March 2024
2,377 
36,551 
397 
18,391 
57,716 
At 31 March 2023
3,351 
19,768 
561 
23,603 
47,283 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,089 
Other debtors
26,230 
21,930 
26,230 
29,019 
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MBV Holdings Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(13,870)
- 
Obligations under finance leases and hire purchase contracts
47,142 
- 
Trade creditors
21,486 
5,695 
Taxes and social security
23,039 
18,495 
Loans from directors
(10,969)
1,088 
66,828 
25,278 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
61,793 
Other creditors
23,211 
- 
23,211 
61,793 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000 
5,000 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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