REGISTERED NUMBER: 01573897 (England and Wales)

M & B SACKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs J Shaw

Mrs K C D Lamyman

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

01573897 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

62,027

65,678

CURRENT ASSETS

Stocks

5

90,399

97,038

Debtors

6

79,284

44,114

Cash at bank and in hand

133,526

124,250

303,209

265,402

CREDITORS

Amounts falling due within one year

7

86,310

67,718

NET CURRENT ASSETS

216,899

197,684

TOTAL ASSETS LESS CURRENT LIABILITIES

278,926

263,362

PROVISIONS FOR LIABILITIES

893

1,556

NET ASSETS

278,033

261,806

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

277,933

261,706

SHAREHOLDERS' FUNDS

278,033

261,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:

Mrs J Shaw - Director

1.	STATUTORY INFORMATION

M & B Sacks 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on reducing balance

Plant and machinery

-

15% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks

Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the income statement.

Deferred taxation

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 August 2023

and 31 July 2024

81,457

83,977

890

3,704

170,028

DEPRECIATION

At 1 August 2023

22,000

79,745

356

2,249

104,350

Charge for year

1,000

1,238

178

1,235

3,651

At 31 July 2024

23,000

80,983

534

3,484

108,001

NET BOOK VALUE

At 31 July 2024

58,457

2,994

356

220

62,027

At 31 July 2023

59,457

4,232

534

1,455

65,678

5.

STOCKS

2024

2023

£

£

Goods for resale

90,399

97,038

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

78,980

43,779

Prepayments

304

335

79,284

44,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

53,620

41,690

Taxation

14,910

12,163

Other taxes and social security

12,126

9,096

Other creditors

510

322

Accrued expenses

5,144

4,447

86,310

67,718

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100