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REGISTERED NUMBER: 06262546 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MBF PRINT SERVICES LIMITED

MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

MBF PRINT SERVICES LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr S Webster





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 06262546 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 90,450 82,115
Investments 6 50,000 50,000
140,450 132,115

CURRENT ASSETS
Stocks 1,852 1,280
Debtors 7 206,071 176,726
Cash at bank 101,158 128,565
309,081 306,571
CREDITORS
Amounts falling due within one year 8 148,674 149,354
NET CURRENT ASSETS 160,407 157,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,857

289,332

CREDITORS
Amounts falling due after more than one year 9 219,069 193,144
NET ASSETS 81,788 96,188

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 80,788 95,188
SHAREHOLDERS' FUNDS 81,788 96,188

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

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

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 12 March 2025 and were signed by:





Mr S Webster - Director


MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)

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

1. STATUTORY INFORMATION

MBF PRINT SERVICES 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 2007, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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 statement of financial position date.

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 5 (2023 - 5 ) .

MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 77,900
AMORTISATION
At 1 July 2023
and 30 June 2024 77,900
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 134,997 12,372 45,516 10,781 203,666
Additions - - 24,100 1,264 25,364
At 30 June 2024 134,997 12,372 69,616 12,045 229,030
DEPRECIATION
At 1 July 2023 71,936 11,711 33,493 4,411 121,551
Charge for year 6,306 165 9,031 1,527 17,029
At 30 June 2024 78,242 11,876 42,524 5,938 138,580
NET BOOK VALUE
At 30 June 2024 56,755 496 27,092 6,107 90,450
At 30 June 2023 63,061 661 12,023 6,370 82,115

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 50,000
NET BOOK VALUE
At 30 June 2024 50,000
At 30 June 2023 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 203,735 170,186
Other debtors 2,336 6,540
206,071 176,726

MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 92,585 92,283
Taxation and social security 28,271 29,253
Other creditors 27,818 27,818
148,674 149,354

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 219,069 193,144

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   

The bank loan and overdraft are secured by a charge over the assets of the company.

The hire purchase creditor is secured on the individual assets concerned.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RESERVES
Retained
earnings
£   

At 1 July 2023 95,188
Profit for the year 55,560
Dividends (69,960 )
At 30 June 2024 80,788

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr S Webster
Balance outstanding at start of year (160,273 ) (180,408 )
Amounts advanced 8,509 20,135
Amounts repaid (39,990 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (191,754 ) (160,273 )

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £69,960 were paid to the director .

MBF PRINT SERVICES LIMITED (REGISTERED NUMBER: 06262546)

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

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S A Webster by virtue of his 100% shareholding in the company (including family interests).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
MBF PRINT SERVICES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MBF PRINT SERVICES LIMITED for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MBF PRINT SERVICES LIMITED in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MBF PRINT SERVICES LIMITED and state those matters that we have agreed to state to the director of MBF PRINT SERVICES LIMITED in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MBF PRINT SERVICES LIMITED and its director for our work or for this report.

It is your duty to ensure that MBF PRINT SERVICES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MBF PRINT SERVICES LIMITED. You consider that MBF PRINT SERVICES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MBF PRINT SERVICES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


12 March 2025