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Company Registration No. 11906037 (England and Wales)
M A Bingham Limited Unaudited accounts for the year ended 31 March 2024
M A Bingham Limited Unaudited accounts Contents
Page
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M A Bingham Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
257,546 
253,004 
Current assets
Inventories
20,340 
17,765 
Debtors
111,512 
158,495 
Cash at bank and in hand
1,075 
- 
132,927 
176,260 
Creditors: amounts falling due within one year
(132,850)
(123,933)
Net current assets
77 
52,327 
Total assets less current liabilities
257,623 
305,331 
Creditors: amounts falling due after more than one year
(208,646)
(221,354)
Net assets
48,977 
83,977 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
48,877 
83,877 
Shareholders' funds
48,977 
83,977 
For the year ending 31 March 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 28 December 2024 and were signed on its behalf by
Michael Anthony Bingham Director Company Registration No. 11906037
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M A Bingham Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M A Bingham Limited is a private company, limited by shares, registered in England and Wales, registration number 11906037. The registered office is 48 Tithe Barn Close, Tideswell, Buxton, Derbyshire, SK17 8PP.
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
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
143,962 
199,700 
1,979 
345,641 
Additions
57,000 
14,750 
- 
71,750 
At 31 March 2024
200,962 
214,450 
1,979 
417,391 
Depreciation
At 1 April 2023
43,501 
48,032 
1,104 
92,637 
Charge for the year
28,642 
38,071 
495 
67,208 
At 31 March 2024
72,143 
86,103 
1,599 
159,845 
Net book value
At 31 March 2024
128,819 
128,347 
380 
257,546 
At 31 March 2023
100,461 
151,668 
875 
253,004 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
100,364 
64,892 
- Motor vehicles
110,217 
146,957 
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M A Bingham Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
89,441 
158,495 
Other debtors
22,071 
- 
111,512 
158,495 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,000 
14,241 
Obligations under finance leases and hire purchase contracts
66,540 
47,800 
Trade creditors
45,577 
6,957 
Taxes and social security
3,478 
12,291 
Other creditors
9,255 
42,644 
132,850 
123,933 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,316 
13,419 
Obligations under finance leases and hire purchase contracts
95,270 
135,782 
Other creditors
107,060 
72,153 
208,646 
221,354 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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