Company Registration No. 04615388 (England and Wales)
MB Fine Arts Ltd
Unaudited accounts
for the year ended 31 December 2024
MB Fine Arts Ltd
Unaudited accounts
Contents
MB Fine Arts Ltd
Company Information
for the year ended 31 December 2024
Company Number
04615388 (England and Wales)
Registered Office
LONGFORD HOUSE
CLYNDERWEN
DYFED
SA66 7HB
Accountants
Easy Accounting Services Ltd
Unit 3
Narberth Bridge Business Park
Narberth
Pembrokeshire
SA67 8RA
MB Fine Arts Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
17,402
17,402
Tangible assets
3,632
5,649
Cash at bank and in hand
25,418
34,921
Creditors: amounts falling due within one year
(22,435)
(28,054)
Net current assets
7,268
15,365
Called up share capital
(1)
(1)
Capital redemption reserve
(23,640)
(23,640)
Capital contribution reserve
26,107
26,107
Profit and loss account
25,836
35,950
Shareholders' funds
28,302
38,416
For the year ending 31 December 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 13 February 2025 and were signed on its behalf by
Mr M P Bellwood
Director
Company Registration No. 04615388
MB Fine Arts Ltd
Notes to the Accounts
for the year ended 31 December 2024
MB Fine Arts Ltd is a private company, limited by shares, registered in England and Wales, registration number 04615388. The registered office is LONGFORD HOUSE, CLYNDERWEN, DYFED, SA66 7HB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - reducing balance
Motor vehicles
20% - reducing balance
Fixtures & fittings
20% - reducing balance
Computer equipment
20% - reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2024
17,402
At 31 December 2024
17,402
At 31 December 2023
17,402
MB Fine Arts Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
76,530
3,200
5,468
85,198
At 31 December 2024
76,530
3,200
5,468
85,198
At 1 January 2024
71,473
3,200
4,876
79,549
Charge for the year
1,899
-
118
2,017
At 31 December 2024
73,372
3,200
4,994
81,566
At 31 December 2024
3,158
-
474
3,632
At 31 December 2023
5,057
-
592
5,649
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
5,768
Loans from directors
21,688
21,688
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).