Company Registration No. 13032857 (England and Wales)
MB & DC INSTALLATIONS LTD
Unaudited accounts
for the year ended 30 November 2024
MB & DC INSTALLATIONS LTD
Unaudited accounts
Contents
MB & DC INSTALLATIONS LTD
Company Information
for the year ended 30 November 2024
Company Number
13032857 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
MB & DC INSTALLATIONS LTD
Statement of financial position
as at 30 November 2024
Tangible assets
4,574
5,717
Cash at bank and in hand
12,250
24,731
Creditors: amounts falling due within one year
(27,079)
(15,769)
Net current assets
8,528
12,962
Total assets less current liabilities
13,102
18,679
Creditors: amounts falling due after more than one year
-
(914)
Provisions for liabilities
Called up share capital
100
100
Capital contribution reserve
21,500
21,500
Profit and loss account
(8,498)
(3,954)
Shareholders' funds
13,102
17,646
For the year ending 30 November 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 her 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 24 March 2025 and were signed on its behalf by
Deborah Baldam
Director
Company Registration No. 13032857
MB & DC INSTALLATIONS LTD
Notes to the Accounts
for the year ended 30 November 2024
MB & DC INSTALLATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13032857. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
MB & DC INSTALLATIONS LTD
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2023
800
6,800
2,550
10,150
At 30 November 2024
800
6,800
2,550
10,150
At 1 December 2023
288
3,318
827
4,433
Charge for the year
102
696
345
1,143
At 30 November 2024
390
4,014
1,172
5,576
At 30 November 2024
410
2,786
1,378
4,574
At 30 November 2023
512
3,482
1,723
5,717
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
500
1,116
Loans from directors
12,356
11,776
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
-
914
MB & DC INSTALLATIONS LTD
Notes to the Accounts
for the year ended 30 November 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
-
119
Provision at start of year
119
119
Credited to the profit and loss account
(119)
-
Provision at end of year
-
119
The reversal of the deferred taxation reserve has been entered in this period of some (£119)
This reserve was originally created due to accelerated capital allowances in prior periods.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).