|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Cash and cash equivalents |
|
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other highly liquid investments wih original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings or current liabilities. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Government grants |
|
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. |
|
|
Government grants are recognised using the accrual model and performance model. |
|
|
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. |
|
|
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of the grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. |
|
|
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Employee benefits |
|
Short-term employee benefits are recoginised as an expense in the period they are incurred. |
|
The obligations for contributions to defined contribution schemes are recognised as an expense in the period they are incurred. The assets of the schemes are held separately from those of the company in independently administered funds. |
|
2 |
Critical accounting estimates and judgements |
|
|
Management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not apparent from other sources. The estimates and assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
|
|
The estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both the current and future periods. |
|
|
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are summarised below. |
|
|
Depreciation and residual values |
|
|
The directors have reviewed asset lives and associated residual values of all fixed asset classes and have concluded that the asset lives and residual values are appropriate. |
|
|
Provisions for dilapidations (note 18) |
|
|
The provision for dilapidations of £106,098 represents the directors best estimate of the cost to the company at the termination of the lease. |
|
|
|
|
3 |
Analysis of turnover |
2024 |
|
2023 |
£ |
£ |
|
|
Sale of goods |
20,922,910 |
|
25,685,246 |
|
|
|
|
|
|
|
|
|
|
By geographical market: |
|
|
UK |
20,922,910 |
|
25,685,246 |
|
|
|
|
|
|
|
|
|
|
4 |
Operating profit |
2024 |
|
2023 |
£ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
388,085 |
|
351,969 |
|
Operating lease rentals - land and buildings |
- |
|
188,000 |
|
Auditors' remuneration for audit services |
14,700 |
|
17,000 |
|
Key management personnel compensation (including directors' emoluments) |
|
1,298,357 |
|
2,005,503 |
|
|
|
|
|
|
|
|
|
|
5 |
Directors' emoluments |
2024 |
|
2023 |
£ |
£ |
|
|
Emoluments |
865,794 |
|
563,649 |
|
|
|
|
|
|
|
|
|
|
|
Highest paid director: |
|
Emoluments |
284,541 |
|
296,878 |
|
|
|
|
|
|
|
|
|
|
|
Number of directors to whom retirement benefits accrued: |
2024 |
|
2023 |
Number |
Number |
|
|
Defined contribution plans |
6 |
|
4 |
|
|
|
|
|
|
|
|
|
|
6 |
Staff costs |
2024 |
|
2023 |
£ |
£ |
|
|
Wages and salaries |
5,564,411 |
|
5,865,765 |
|
Social security costs |
585,635 |
|
636,520 |
|
Other pension costs |
136,377 |
|
127,777 |
|
|
|
|
|
|
6,286,423 |
|
6,630,062 |
|
|
|
|
|
|
|
|
|
|
|
Average number of employees during the year |
Number |
Number |
|
|
Administration |
71 |
|
65 |
|
Distribution |
8 |
|
8 |
|
Manufacturing |
65 |
|
64 |
|
Maintenance |
8 |
|
8 |
|
|
|
|
|
|
152 |
|
145 |
|
|
|
|
|
|
|
|
|
|
7 |
Interest receivable |
2024 |
|
2023 |
£ |
£ |
|
|
Bank interest |
20,373 |
|
14,649 |
|
Other interest |
32,594 |
|
- |
|
|
|
|
|
|
|
52,967 |
|
14,649 |
|
|
|
|
|
|
|
|
|
|
8 |
Interest payable |
2024 |
|
2023 |
£ |
£ |
|
|
Other loans |
30,605 |
|
38,295 |
|
Other interest |
|
|
|
|
- |
|
26,633 |
|
|
|
|
|
|
30,605 |
|
64,928 |
|
|
|
|
|
|
|
|
|
|
9 |
Taxation |
2024 |
|
2023 |
£ |
£ |
|
Analysis of charge in period |
|
Current tax: |
|
UK corporation tax on profits of the period |
108,130 |
|
513,763 |
|
Adjustments in respect of previous periods |
31,299 |
|
- |
|
|
|
|
|
|
139,429 |
|
513,763 |
|
|
|
|
|
|
|
|
|
|
Deferred tax: |
|
Origination and reversal of timing differences |
129,910 |
|
(156,276) |
|
|
|
|
|
|
|
|
|
|
|
Tax on profit on ordinary activities |
269,339 |
|
357,487 |
|
|
|
|
|
|
|
|
|
|
|
Factors affecting tax charge for period |
|
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows: |
|
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
Profit on ordinary activities before tax |
1,040,585 |
|
2,271,349 |
|
|
|
|
|
|
|
|
|
|
Standard rate of corporation tax in the UK |
25% |
|
19% |
|
£ |
£ |
|
Profit on ordinary activities multiplied by the standard rate of corporation tax |
|
260,146 |
|
431,556 |
|
|
Effects of: |
|
Expenses not previously deductible for tax purposes |
(96,824) |
|
129,698 |
|
Capital allowances for period in excess of depreciation |
(8,442) |
|
(10,821) |
|
Non taxable investment income |
(46,750) |
|
(36,670) |
|
Adjustments to tax charge in respect of previous periods |
31,299 |
|
- |
|
|
Current tax charge for period |
139,429 |
|
513,763 |
|
|
|
|
|
|
|
|
|
|
|
Factors that may affect future tax charges |
|
Future tax charges will be affected by changes in the rate of UK corporation tax and the availability of capital allowances. |
|
|
10 |
Tangible fixed assets |
|
|
Land and buildings |
|
Leasehold land & buildings |
|
Plant and machinery |
|
Total |
|
|
At cost |
|
At cost |
|
At cost |
£ |
£ |
£ |
£ |
|
Cost or valuation |
|
At 1 April 2023 |
37,158 |
|
835,553 |
|
3,582,631 |
|
4,455,342 |
|
Additions |
- |
|
- |
|
486,555 |
|
486,555 |
|
Disposals |
- |
|
- |
|
(63,826) |
|
(63,826) |
|
At 31 March 2024 |
37,158 |
|
835,553 |
|
4,005,360 |
|
4,878,071 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
17,158 |
|
742,151 |
|
2,934,078 |
|
3,693,387 |
|
Charge for the year |
- |
|
50,931 |
|
337,154 |
|
388,085 |
|
On disposals |
- |
|
- |
|
(63,726) |
|
(63,726) |
|
At 31 March 2024 |
17,158 |
|
793,082 |
|
3,207,506 |
|
4,017,746 |
|
|
|
|
|
|
|
|
|
|
Carrying amount |
|
At 31 March 2024 |
20,000 |
|
42,471 |
|
797,854 |
|
860,325 |
|
At 31 March 2023 |
20,000 |
|
93,402 |
|
648,553 |
|
761,955 |
|
|
|
|
|
|
|
|
|
|
|
11 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 April 2023 |
3,144,000 |
|
Additions |
52,842 |
|
|
At 31 March 2024 |
3,196,842 |
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
ZMR Ltd |
Ordinary |
25 |
|
1,096,463 |
|
590,652 |
|
Door-kit Solutions Ltd |
Ordinary |
20 |
|
1,137,398 |
|
632,006 |
|
Leeds Doors & Cubicles Ltd |
Ordinary |
20 |
|
375,456 |
|
65,834 |
|
Fire & Acoustic Seals Ltd |
Ordinary |
20 |
|
524,225 |
|
275,946 |
|
Southern Doors & Cubicles Ltd |
Ordinary |
20 |
|
856,053 |
|
220,813 |
|
Specialist Joinery Products Ltd |
A Ordinary |
20 |
|
623,652 |
|
15,492 |
|
Manchester Doors & Cubicles Ltd |
Ordinary |
20 |
|
697,770 |
|
123,321 |
|
UK Doorsets Limited |
Ordinary |
24 |
|
264,489 |
|
73,795 |
|
|
The year ends of the above companies are not co-terminus with Midland Building Products Limited. The information above is based on the following year ends |
|
|
Company |
Year End |
Registered office |
|
|
ZMR Ltd |
30/04/2023 |
Unit 10 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Door-kit Solutions Ltd |
31/10/2023 |
6-11 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Leeds Doors & Cubicles Ltd |
28/02/2024 |
Unit 10 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Fire & Acoustic Seals Ltd |
30/04/2023 |
6-11 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Southern Doors & Cubicles Ltd |
31/01/2024 |
Unit 10 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Specialist Joinery Products Ltd |
31/10/2023 |
Unit 10 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
Manchester Doors & Cubicles Ltd |
31/07/2023 |
Unit 10 Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
UK Doorsets Limited |
31/03/2023 |
MBP House, Spartan Industrial Centre, Brickhouse Lane, Great Bridge B70 0DH |
|
|
12 |
Stocks |
2024 |
|
2023 |
£ |
£ |
|
|
Raw materials and consumables |
718,478 |
|
1,029,107 |
|
Finished goods and goods for resale |
565,239 |
|
610,385 |
|
|
|
|
|
|
1,283,717 |
|
1,639,492 |
|
|
|
|
|
|
|
|
|
|
13 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
3,994,827 |
|
5,151,126 |
|
Other debtors |
1,580,515 |
|
1,342,904 |
|
Prepayments and accrued income |
324,548 |
|
196,285 |
|
|
|
|
|
|
5,899,890 |
|
6,690,315 |
|
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included in: |
|
Other debtors |
754,756 |
|
335,000 |
|
|
|
|
|
|
|
|
|
|
Included in other debtors is a loan to a close family member in the sum of £560,602. The loan is being repaid in monthly instalments at a commercial rate of interest |
|
|
14 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other loans - unsecured (see note 16) |
269,660 |
|
264,719 |
|
Trade creditors |
2,535,525 |
|
3,246,118 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
118,058 |
|
198,058 |
|
Corporation tax |
110,316 |
|
484,560 |
|
Other taxes and social security costs |
541,968 |
|
774,680 |
|
Other creditors |
2,945,370 |
|
3,528,035 |
|
Accruals and deferred income |
281,210 |
|
290,727 |
|
Dividends payable |
1,470,000 |
|
1,050,000 |
|
|
|
|
|
|
8,272,107 |
|
9,836,897 |
|
|
|
|
|
|
|
|
|
|
15 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other loans - unsecured (see note 16) |
560,000 |
|
829,660 |
|
|
|
|
|
|
|
|
|
|
16 |
Loans |
2024 |
|
2023 |
£ |
£ |
|
Analysis of maturity of debt: |
|
Within one year or on demand |
269,660 |
|
264,719 |
|
Between one and two years |
260,000 |
|
269,660 |
|
Between two and five years |
300,000 |
|
460,000 |
|
After five years |
- |
|
100,000 |
|
|
|
|
|
|
829,660 |
|
1,094,379 |
|
|
|
|
|
|
|
|
|
|
Loans not wholly repayable within five years: |
|
Other loan repayable over 7 years with interest @ 3% pa |
- |
|
600,000 |
|
|
|
|
|
|
|
|
|
|
|
17 |
Deferred taxation |
2024 |
|
2023 |
£ |
£ |
|
|
Other short term timing differences |
(33,983) |
|
(164,775) |
|
Accelerated capital allowances |
164,097 |
|
164,979 |
|
|
|
|
|
|
130,114 |
|
204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
|
At 1 April |
204 |
|
156,480 |
|
Charged/(credited) to the profit and loss account |
129,910 |
|
(156,276) |
|
|
At 31 March |
130,114 |
|
204 |
|
|
|
|
|
|
|
|
|
|
The other short term timing differences of £(33,983) will reverse in the 2024/25 financial year. |
|
|
18 |
Provisions for liabilities |
|
|
|
|
|
|
Dilapidation |
|
Total |
£ |
|
At 1 April 2023 |
106,098 |
|
106,098 |
|
|
At 31 March 2024 |
106,098 |
|
106,098 |
|
|
|
|
|
|
|
|
|
|
The provision for dilapidations has been recognised for the expected costs to be incurred as a result of the occupancy of the lease premises. The company employed the services of qualified surveyor to carry out a dilapidations survey in September 2012. The results of the survey have been incorporated into the final provision at 31 March 2024 and 31 March 2023. The method used by the company is based on costs advised by the surveyor and conforms with the requirements of FRS 102, for provisions. |
|
|
The directors have reviewed the current dilapidations provision as the lease came to an end in April 2022. They are satisfied that the current provision is adequate to cover anticipated costs. |
|
19 |
Share capital |
Nominal |
|
2024 |
|
2024 |
|
2023 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
30,000 |
|
30,000 |
|
30,000 |
|
B Ordinary shares |
£1 each |
|
30,000 |
|
30,000 |
|
30,000 |
|
|
|
|
|
|
60,000 |
|
60,000 |
|
|
|
|
|
|
|
|
|
|
The A ordinary shares are voting shares with the B ordinary shares being non-voting shares. Dividends can be paid on both classes of shares with each carrying equal rights to repayments of capital in the event of a sale or winding up. |
|
|
20 |
Profit and loss account |
2024 |
|
2023 |
£ |
£ |
|
|
At 1 April |
4,314,497 |
|
3,450,635 |
|
Profit for the financial year |
771,246 |
|
1,913,862 |
|
Dividends |
(420,000) |
|
(1,050,000) |
|
|
At 31 March |
4,665,743 |
|
4,314,497 |
|
|
|
|
|
|
|
|
|
|
21 |
Dividends |
2024 |
|
2023 |
£ |
£ |
|
|
Dividends on ordinary shares (note 20) |
420,000 |
|
1,050,000 |
|
|
|
|
|
|
|
|
|
|
22 |
Capital commitments |
2024 |
|
2023 |
£ |
£ |
|
|
Amounts contracted for but not provided in the accounts |
- |
|
23,787 |
|
|
|
|
|
|
|
|
|
|
23 |
Employee benefits |
|
|
Defined contribution plans |
|
|
The amount recognised in the profit and loss account as an expense in relation to defined contribution plans was £136,377 (2023 £127,777). |
|
|
24 |
Government grants |
|
|
The amounts recognised in the financial statements for government grants are as follows: |
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
Recognised in other operating income |
|
Government grants recognised directly in income |
|
- |
|
4,007 |
|
|
|
|
|
|
|
|
|
|
25 |
Contingent liabilities |
|
|
The company's bank overdraft facility is secured by a fixed and floating charge over all the property or undertaking of the company. |
|
|
26 |
Related party transactions |
|
|
The directors MT Finney, PJ McGuire, JJ Vann of the company are members of Midland Building Products Limited Self Administered Pension Scheme. The contributions to the scheme during the year amounted to £Nil (2023 £Nil). The company occupies premises owned by the pension scheme and rent charged to the profit and loss account amounting to £188,000 (2023 £188,000). The directors are also joint owners of properties which the company occupies. Rental for these properties charged to the profit and loss account was £224,847 (2023 £221,247). The rental in all instances was charged at market value. The company occupies premises owned by other related parties and the rental charged to the profit and loss account was £30,000 (2023 £120,000). |
|
|
The directors MT Finney, PJ McGuire, JJ Vann, M A Finney D T Finney, T P McGuire and J W Vann were also directors of the following companies during the year and together with their families they control these companies by virtue of their family shareholdings. |
|
|
Transactions with related parties which were all at market value are as follows: |
|
|
Year 2024 |
Sales |
|
Purchases |
|
Debtors |
|
Creditors |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Manchester Doors & Cubicles Ltd |
373,744 |
|
9,698 |
|
175,996 |
|
- |
|
Specialist Joinery Products Ltd |
73,489 |
|
16,664 |
|
138,002 |
|
- |
|
ZMR Ltd |
288,610 |
|
2,851,042 |
|
158,638 |
|
466,499 |
|
Southern Doors & Cubicles Ltd |
1,413,325 |
|
19,055 |
|
312,987 |
|
- |
|
UK Doorsets Ltd |
228,200 |
|
2,186,040 |
|
169,018 |
|
263,681 |
|
Leeds Doors & Cubicles Ltd |
686,058 |
|
90,165 |
|
39,187 |
|
3,574 |
|
Joinery Specialists Ltd |
156,956 |
|
5,205 |
|
78,234 |
|
441 |
|
Fire & Acoustic Seals Ltd |
813 |
|
524,730 |
|
161,810 |
|
35,712 |
|
Door-kit Solutions Ltd |
74,771 |
|
1,580 |
|
180,371 |
|
1,896 |
|
IBS Building Products Ltd |
415,264 |
|
20,900 |
|
262,295 |
|
1,291 |
|
MBP Ironmongery Ltd |
- |
|
146,549 |
|
- |
|
81,761 |
|
|
Year 2024 |
Management Charges Received |
|
|
£ |
|
Manchester Doors & Cubicles Ltd |
240,695 |
|
Specialist Joinery Products Ltd |
152,170 |
|
ZMR Ltd |
227,716 |
|
Southern Doors & Cubicles Ltd |
279,849 |
|
UK Doorsets Ltd |
185,689 |
|
Leeds Doors & Cubicles Ltd |
98,595 |
|
Joinery Specialists Ltd |
140,144 |
|
Fire & Acoustic Seals Ltd |
147,701 |
|
Door-kit Solutions Ltd |
93,775 |
|
IBS Building Products Lts |
- |
|
|
Year 2023 |
Sales |
|
Purchases |
|
Debtors |
|
Creditors |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Manchester Doors & Cubicles Ltd |
526,973 |
|
10,236 |
|
219,421 |
|
784 |
|
Specialist Joinery Products Ltd |
52,658 |
|
5,160 |
|
83,680 |
|
- |
|
ZMR Ltd |
248,123 |
|
3,384,780 |
|
132,595 |
|
473,158 |
|
Southern Doors & Cubicles Ltd |
1,736,595 |
|
58,583 |
|
166,884 |
|
233 |
|
UK Doorsets Ltd |
327,059 |
|
2,491,488 |
|
237,955 |
|
540,379 |
|
Leeds Doors & Cubicles Ltd |
1,064,962 |
|
96,444 |
|
169,374 |
|
20,769 |
|
Joinery Specialists Ltd |
95,530 |
|
9,865 |
|
212,170 |
|
2,132 |
|
Fire & Acoustic Seals Ltd |
792 |
|
545,398 |
|
165,933 |
|
56,045 |
|
Door-kit Solutions Ltd |
21,594 |
|
- |
|
86,278 |
|
- |
|
|
Year 2023 |
Management Charges Received |
|
|
£ |
|
Manchester Doors & Cubicles Ltd |
221,824 |
|
Specialist Joinery Products Ltd |
141,654 |
|
ZMR Ltd |
248,905 |
|
Southern Doors & Cubicles Ltd |
351,565 |
|
UK Doorsets Ltd |
226,160 |
|
Leeds Doors & Cubicles Ltd |
132,948 |
|
Joinery Specialists Ltd |
126,346 |
|
Fire & Acoustic Seals Ltd |
153,723 |
|
Door-kit Solutions Ltd |
- |
|
|
Carrying amount due to current and former directors |
2024 |
|
2023 |
£ |
£ |
|
M T Finney- resigned 12th June 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to M T Finney |
(250,225) |
|
(314,657) |
|
P J McGuire - resigned 2nd May 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to P J McGuire |
(194,028) |
|
(354,123) |
|
J J Vann - resigned 25th October 2022 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to J J Vann |
(109,887) |
|
(163,643) |
|
M A Finney - appointed 12th June 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to M A Finney |
(66,805) |
|
(129,557) |
|
D T Finney - appointed 12th June 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to D T Finney |
(33,363) |
|
(113,581) |
|
J W Vann - appointed 3rd April 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to J W Vann |
(16,886) |
|
(79,188) |
|
T P McGuire -appointed 2nd May 2023 |
|
Director and shareholder |
|
Loans advanced less amounts withdrawn |
|
Amount due to T P McGuire |
(62,827) |
|
(94,067) |
|
|
|
|
|
|
|
|
2024 |
|
2023 |
£ |
£ |
|
Dividends payable to directors |
1,120,000 |
|
700,000 |
|
|
Key management personnel compensation |
2024 |
|
2023 |
£ |
£ |
|
|
Short-term benefits |
1,298,357 |
|
2,005,503 |
|
|
|
27 |
Controlling party |
|
|
The company was controlled throughout the whole of the current year and previous financial period by the board of directors who between them own the majority of the ordinary class A voting shares. |
|
|
28 |
Presentation currency |
|
|
The financial statements are presented in Sterling. |
|
|
29 |
Legal form of entity and country of incorporation |
|
|
Midland Building Products Limited is a private company limited by shares and incorporated in England. |
|
|
30 |
Principal place of business |
|
|
The address of the company's principal place of business is: |
|
|
Units 6-11 Spartan Industrial Centre |
|
Brickhouse Lane |
|
West Bromwich |
|
West Midlands |
|
B70 0DH |
|
|
The address of the company's registered office is: |
|
|
Unit 10 Spartan Industrial Centre |
|
Brickhouse Lane |
|
West Bromwich |
|
West Midlands |
|
B70 0DH |