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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
Page
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Material Needs (Burnham) Ltd Company Information for the year ended 31 May 2024
Director
Nicholas Peter Hebborn
Secretary
Nicola Garland
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
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Material Needs (Burnham) Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Intangible assets
7,395 
8,247 
Tangible assets
30,577 
36,463 
37,972 
44,710 
Current assets
Inventories
100,805 
100,805 
Debtors
12,161 
14,264 
Cash at bank and in hand
4,283 
12,543 
117,249 
127,612 
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)
Capital and reserves
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
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Material Needs (Burnham) Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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
9% Reducing balance
Motor vehicles
20% Flat rate
Fixtures & fittings
12% Reducing balance
Computer equipment
20% Flat rate
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 June 2023
12,750 
1,465 
14,215 
At 31 May 2024
12,750 
1,465 
14,215 
Amortisation
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 
Net book value
At 31 May 2024
6,630 
765 
7,395 
At 31 May 2023
7,395 
852 
8,247 
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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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
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 
£ 
£ 
VAT
3,870 
526 
Trade creditors
20,102 
30,603 
Taxes and social security
1,995 
2,076 
Loans from directors
(47,982)
(47,982)
Accruals
328 
329 
(21,687)
(14,448)
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).
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