Company Registration No. 09589486 (England and Wales)
Material Needs (Burnham) Ltd
Unaudited accounts
for the year ended 31 May 2024
Material Needs (Burnham) Ltd
Unaudited accounts
Contents
Material Needs (Burnham) Ltd
Company Information
for the year ended 31 May 2024
Director
Nicholas Peter Hebborn
Company Number
09589486 (England and Wales)
Registered Office
79 HIGH ST
HIGH STREET
BURNHAM-ON-SEA
TA8 1PE
ENGLAND
Accountants
Christina Wilcox
Jubilee Farm
Jubilee Road
Axbridge
Somerset
BS26 2DA
Material Needs (Burnham) Ltd
Statement of financial position
as at 31 May 2024
Called up share capital not paid
1
1
Intangible assets
7,395
8,247
Tangible assets
30,577
36,463
Inventories
100,805
100,805
Cash at bank and in hand
4,283
12,543
Creditors: amounts falling due within one year
21,687
14,448
Net current assets
138,936
142,060
Total assets less current liabilities
176,909
186,771
Creditors: amounts falling due after more than one year
(199,162)
(190,533)
Net liabilities
(22,253)
(3,762)
Called up share capital
1
1
Profit and loss account
(22,254)
(3,763)
Shareholders' funds
(22,253)
(3,762)
For the year ending 31 May 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 26 February 2025 and were signed on its behalf by
Nicholas Peter Hebborn
Director
Company Registration No. 09589486
Material Needs (Burnham) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Material Needs (Burnham) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09589486. The registered office is 79 HIGH ST, HIGH STREET, BURNHAM-ON-SEA, TA8 1PE, ENGLAND.
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
9% Reducing balance
Motor vehicles
20% Flat rate
Fixtures & fittings
12% Reducing balance
Computer equipment
20% Flat rate
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 June 2023
12,750
1,465
14,215
At 31 May 2024
12,750
1,465
14,215
At 1 June 2023
5,355
613
5,968
Charge for the year
765
87
852
At 31 May 2024
6,120
700
6,820
At 31 May 2024
6,630
765
7,395
At 31 May 2023
7,395
852
8,247
Material Needs (Burnham) Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
33,491
17,289
7,662
2,659
61,101
At 31 May 2024
33,491
17,289
7,662
2,659
61,101
At 1 June 2023
15,979
3,458
3,655
1,546
24,638
Charge for the year
1,576
3,458
481
371
5,886
At 31 May 2024
17,555
6,916
4,136
1,917
30,524
At 31 May 2024
15,936
10,373
3,526
742
30,577
At 31 May 2023
17,512
13,831
4,007
1,113
36,463
Amounts falling due within one year
Trade debtors
1,667
14,264
Amounts falling due after more than one year
Amounts due from group undertakings etc.
10,494
-
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
20,102
30,603
Taxes and social security
1,995
2,076
Loans from directors
(47,982)
(47,982)
8
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
199,162
190,533
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).