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REGISTERED NUMBER: 04434379 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Antigo MHB Breakers Ltd

Antigo MHB Breakers Ltd (Registered number: 04434379)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Antigo MHB Breakers Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J Grainger
M G Shinners





SECRETARY: Aspen Waite South Limited





REGISTERED OFFICE: Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF





REGISTERED NUMBER: 04434379 (England and Wales)





ACCOUNTANTS: Aspen Waite South Ltd
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF

Antigo MHB Breakers Ltd (Registered number: 04434379)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,623 183,189
Investments 5 754,823 -
913,446 183,189

CURRENT ASSETS
Stocks 11,428 8,513
Debtors 6 403,919 397,234
Prepayments and accrued income 8,449 9,223
Cash at bank 30,061 127,724
453,857 542,694
CREDITORS
Amounts falling due within one year 7 441,267 257,674
NET CURRENT ASSETS 12,590 285,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,036

468,209

CREDITORS
Amounts falling due after more than one
year

8

479,728

33,884
NET ASSETS 446,308 434,325

CAPITAL AND RESERVES
Called up share capital 9 537,660 537,660
Retained earnings (91,352 ) (103,335 )
SHAREHOLDERS' FUNDS 446,308 434,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Antigo MHB Breakers Ltd (Registered number: 04434379)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





M G Shinners - Director


Antigo MHB Breakers Ltd (Registered number: 04434379)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Antigo MHB Breakers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

Antigo MHB Breakers Ltd (Registered number: 04434379)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Going concern
At the balance sheet date the financial statements show a negative reserves position. The financial statements have been prepared on a going concern basis due to the ongoing support of the directors and related company Antigo International Inc for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 407,353 2,177 132,781 542,311
Additions - 419 32,455 32,874
Disposals (19,807 ) - (17,000 ) (36,807 )
At 31 December 2024 387,546 2,596 148,236 538,378
DEPRECIATION
At 1 January 2024 261,839 1,976 95,307 359,122
Charge for year 38,796 205 17,164 56,165
Eliminated on disposal (19,808 ) - (15,724 ) (35,532 )
At 31 December 2024 280,827 2,181 96,747 379,755
NET BOOK VALUE
At 31 December 2024 106,719 415 51,489 158,623
At 31 December 2023 145,514 201 37,474 183,189

Antigo MHB Breakers Ltd (Registered number: 04434379)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 754,823
At 31 December 2024 754,823
NET BOOK VALUE
At 31 December 2024 754,823

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 374,123 383,519
Other debtors 29,796 13,715
403,919 397,234

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 41,185 245,681
Taxation and social security 5,384 9,698
Other creditors 394,698 2,295
441,267 257,674

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other creditors 479,728 33,884

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
537,660 Ordinary £1 537,660 537,660

Antigo MHB Breakers Ltd (Registered number: 04434379)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. RELATED PARTY DISCLOSURES

During the year Antigo MHB Breakers Ltd (AMB) purchased goods and services from Badger State Highway Equipment Inc. (BSHE) for the sum of £44249 (2023: £242941). At the year end AMB owed BSHE £15896 (2023: £858) and is included in other creditors (£151896). In addition AMB sold Service to BSHE in the sum of £16800. At the year end BSHE owed AMB £Nil.

BSHE is a company associated with M Shinners and C Shinners

During the year AMB purchased services from Antigo International Inc. (A.I.I.) for the sum of £164560 (2023: £209823) and £9632 from Antigo Construction Inc. (A.C.) (2023: £29459). At the year end AMB owed A.I.I. £6820 (2023: £228377) and A.C. £Nil (2023: £Nil). In addition AMB sold Services to A.I.I. in the sum of £ 181740 (2023: £204775). At the year end A.I.I. owed AMB £Nil (2023: £182175).

A.I.I. and A.C. are companies associated with M Shinners and C Shinners.

During the year AMB sold services to Webfell Minerals in the sum of £104481. At the year end Webfell owed AMB £104481.

Webfell is a company associated with M Shinners and C Shinners