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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
Page
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MB Fine Arts Ltd Company Information for the year ended 31 December 2024
Director
Mr M P Bellwood
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
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MB Fine Arts Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
17,402 
17,402 
Tangible assets
3,632 
5,649 
21,034 
23,051 
Current assets
Inventories
3,000 
3,000 
Debtors
1,285 
5,498 
Cash at bank and in hand
25,418 
34,921 
29,703 
43,419 
Creditors: amounts falling due within one year
(22,435)
(28,054)
Net current assets
7,268 
15,365 
Net assets
28,302 
38,416 
Capital and reserves
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
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MB Fine Arts Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
17,402 
At 31 December 2024
17,402 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
17,402 
At 31 December 2023
17,402 
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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 
Depreciation
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 
Net book value
At 31 December 2024
3,158 
- 
474 
3,632 
At 31 December 2023
5,057 
- 
592 
5,649 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,285 
5,498 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
5,768 
Other creditors
747 
598 
Loans from directors
21,688 
21,688 
22,435 
28,054 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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