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REGISTERED NUMBER: 04477905 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

M S Bamber & Son Ltd

M S Bamber & Son Ltd (Registered number: 04477905)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M S Bamber & Son Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr M S Bamber
Mrs P A Whyman
Mr C Whyman





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 04477905 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

M S Bamber & Son Ltd (Registered number: 04477905)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312,336 131,540
Investment property 5 - 250,000
312,336 381,540

CURRENT ASSETS
Stocks 63,517 19,000
Debtors 6 39,825 120,933
Cash at bank 156,130 17,712
259,472 157,645
CREDITORS
Amounts falling due within one year 7 98,658 121,279
NET CURRENT ASSETS 160,814 36,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,150

417,906

CREDITORS
Amounts falling due after more than one
year

8

(163,424

)

(71,152

)

PROVISIONS FOR LIABILITIES (55,636 ) (63,062 )
NET ASSETS 254,090 283,692

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve - 162,299
Retained earnings 253,090 120,393
SHAREHOLDERS' FUNDS 254,090 283,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M S Bamber & Son Ltd (Registered number: 04477905)

Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr M S Bamber - Director


M S Bamber & Son Ltd (Registered number: 04477905)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

M S Bamber & Son Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company.

Significant judgements and estimates
In the preparation of the financial statements, the directors have made judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis.

Critical accounting judgements and key sources of estimation uncertainty
The closing valuation of stock and work in progress is considered as a critical accounting judgement.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets recognition
Tangible fixed assets are initially recognised at cost. After initial recognition, tangible assets are included at cost less any accumulated depreciation.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchases, transport, and handling costs in bringing stocks to their present location and condition.


M S Bamber & Son Ltd (Registered number: 04477905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

M S Bamber & Son Ltd (Registered number: 04477905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 182,389 112,969 3,581 298,939
Additions 225,815 - - 225,815
At 30 June 2024 408,204 112,969 3,581 524,754
DEPRECIATION
At 1 July 2023 109,333 55,085 2,981 167,399
Charge for year 30,398 14,471 150 45,019
At 30 June 2024 139,731 69,556 3,131 212,418
NET BOOK VALUE
At 30 June 2024 268,473 43,413 450 312,336
At 30 June 2023 73,056 57,884 600 131,540

Included in above are the asset held under hire purchase agreement with net book value of £247,862 and the depreciation charged to financial statements in the year in respect of such assets amounts to £25,036.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 250,000
Disposals (250,000 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 250,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 33,300
Amounts owed by associates - 85,300
VAT 39,825 -
Prepayments - 2,333
39,825 120,933

M S Bamber & Son Ltd (Registered number: 04477905)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,298 14,403
Hire purchase contracts (see note 9) 76,761 16,133
Trade creditors 2,179 22,143
Tax - 8,825
Social security and other taxes (2,012 ) (498 )
VAT - 14,882
Pension Creditor (164 ) 388
Directors' loan accounts 6,946 42,453
Accrued expenses 3,650 2,550
98,658 121,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 10,000 11,298
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts (see note 9) 150,924 47,354
163,424 71,152

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 76,761 16,133
Between one and five years 150,924 47,354
227,685 63,487

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 23,798 38,201
Hire purchase contracts 227,685 63,487
251,483 101,688

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank PLC.