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REGISTERED NUMBER: SC557688 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

MBC Joinery (Aberdeenshire) Limited

MBC Joinery (Aberdeenshire) Limited (Registered number: SC557688)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBC Joinery (Aberdeenshire) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M B Chapman





REGISTERED OFFICE: 6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC557688 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

MBC Joinery (Aberdeenshire) Limited (Registered number: SC557688)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,279 37,133

CURRENT ASSETS
Stocks 21,110 11,560
Debtors 5 - 11,957
Cash at bank 18,378 27,652
39,488 51,169
CREDITORS
Amounts falling due within one year 6 9,593 13,590
NET CURRENT ASSETS 29,895 37,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,174

74,712

CREDITORS
Amounts falling due after more than one year 7 (12,800 ) (19,200 )

PROVISIONS FOR LIABILITIES (7,221 ) -
NET ASSETS 53,153 55,512

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,053 55,412
SHAREHOLDERS' FUNDS 53,153 55,512

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MBC Joinery (Aberdeenshire) Limited (Registered number: SC557688)

Balance Sheet - continued
31 July 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 director and authorised for issue on 10 March 2025 and were signed by:





M B Chapman - Director


MBC Joinery (Aberdeenshire) Limited (Registered number: SC557688)

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

1. STATUTORY INFORMATION

MBC Joinery (Aberdeenshire) Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc - 20% on reducing balance

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.

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.

MBC Joinery (Aberdeenshire) Limited (Registered number: SC557688)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 68,054
Additions 16,964
At 31 July 2024 85,018
DEPRECIATION
At 1 August 2023 30,921
Charge for year 10,818
At 31 July 2024 41,739
NET BOOK VALUE
At 31 July 2024 43,279
At 31 July 2023 37,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 11,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 5,053 11,174
Trade creditors - 5,708
Taxation and social security 3,116 (4,156 )
Other creditors 1,424 864
9,593 13,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other creditors 12,800 19,200