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REGISTERED NUMBER: 07422127 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Mbe Installations (Stroud) Limited

Mbe Installations (Stroud) Limited (Registered number: 07422127)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mbe Installations (Stroud) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr J M Brown
Mr J P Marsden





REGISTERED OFFICE: 9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 07422127 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Mbe Installations (Stroud) Limited (Registered number: 07422127)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 65,705 61,012
65,705 61,012

CURRENT ASSETS
Stocks 92,289 125,284
Debtors 6 155,625 121,466
Cash at bank and in hand 97 53,936
248,011 300,686
CREDITORS
Amounts falling due within one year 7 103,470 155,514
NET CURRENT ASSETS 144,541 145,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

210,246

206,184

CREDITORS
Amounts falling due after more than
one year

8

(3,217

)

(5,360

)

PROVISIONS FOR LIABILITIES 9 (15,945 ) (14,741 )
NET ASSETS 191,084 186,083

Mbe Installations (Stroud) Limited (Registered number: 07422127)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 191,082 186,081
SHAREHOLDERS' FUNDS 191,084 186,083

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 20 February 2025 and were signed on its behalf by:





Mr J P Marsden - Director


Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

1. STATUTORY INFORMATION

Mbe Installations (Stroud) Limited 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

2. ACCOUNTING POLICIES - continued
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.

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 11 (2023 - 11 ) .

Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 20,758
AMORTISATION
At 1 December 2023
and 30 November 2024 20,758
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 3,130 24,579 5,700
Additions - 1,616 -
Disposals - - -
At 30 November 2024 3,130 26,195 5,700
DEPRECIATION
At 1 December 2023 1,839 11,501 4,024
Charge for year 626 3,581 267
Eliminated on disposal - - -
At 30 November 2024 2,465 15,082 4,291
NET BOOK VALUE
At 30 November 2024 665 11,113 1,409
At 30 November 2023 1,291 13,078 1,676

Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 123,609 15,610 172,628
Additions 51,043 737 53,396
Disposals (28,412 ) - (28,412 )
At 30 November 2024 146,240 16,347 197,612
DEPRECIATION
At 1 December 2023 82,919 11,333 111,616
Charge for year 19,303 1,457 25,234
Eliminated on disposal (4,943 ) - (4,943 )
At 30 November 2024 97,279 12,790 131,907
NET BOOK VALUE
At 30 November 2024 48,961 3,557 65,705
At 30 November 2023 40,690 4,277 61,012

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 79,407
Additions 51,043
Disposals (28,412 )
At 30 November 2024 102,038
DEPRECIATION
At 1 December 2023 39,779
Charge for year 19,045
Eliminated on disposal (4,943 )
At 30 November 2024 53,881
NET BOOK VALUE
At 30 November 2024 48,157
At 30 November 2023 39,628

Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 138,567 107,876
Prepayments and accrued income 17,058 13,590
155,625 121,466

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 9,453 -
Hire purchase contracts 13,854 8,336
Trade creditors 29,180 55,259
Tax 23,930 46,184
Social security and other taxes 7,465 5,874
VAT 6,272 5,123
Other creditors 2,813 964
Accrued expenses 10,503 33,774
103,470 155,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts 3,217 5,360

9. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 15,945 14,741

Deferred
tax
£   
Balance at 1 December 2023 14,741
Provided during year 1,204
Balance at 30 November 2024 15,945

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
2 Ordinary £1 2 2

Mbe Installations (Stroud) Limited (Registered number: 07422127)

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

11. ULTIMATE CONTROLLING PARTY

The ultimate control of the company resides jointly between the directors, who between them equally own 100% of the issued share capital.