Registered number
11257542
MB SUPPORTED HOUSING LIMITED
Unaudited Filleted Accounts
31 March 2024
MB SUPPORTED HOUSING LIMITED
Registered number: 11257542
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,787 1,183
Current assets
Debtors 4 34,092 20,930
Cash at bank and in hand 63,913 80,440
98,005 101,370
Creditors: amounts falling due within one year 5 (60,294) (72,384)
Net current assets 37,711 28,986
Net assets 39,498 30,169
Capital and reserves
Called up share capital 1 1
Profit and loss account 39,497 30,168
Shareholder's funds 39,498 30,169
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Angela Garnet Morgan
Director
Approved by the board on 26 March 2025
MB SUPPORTED HOUSING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,917
Additions 1,199
At 31 March 2024 3,116
Depreciation
At 1 April 2023 734
Charge for the year 595
At 31 March 2024 1,329
Net book value
At 31 March 2024 1,787
At 31 March 2023 1,183
4 Debtors 2024 2023
£ £
Trade debtors 29,095 8,709
Other debtors 4,997 12,221
34,092 20,930
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 11,148 -
Other creditors 49,146 72,384
60,294 72,384
6 Other information
MB SUPPORTED HOUSING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
WC2H 9JQ
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