REGISTERED NUMBER: 05584007 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

M B Industrial Limited

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

M P Barnes

Mrs F Barnes

SECRETARY:

Mrs F Barnes

REGISTERED OFFICE:

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

REGISTERED NUMBER:

05584007 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin South Wales & West Limited

19 March 2025

FIXED ASSETS

Tangible assets

4

1

1

CURRENT ASSETS

Stocks

5,458

6,426

Debtors

5

46,047

50,758

Cash at bank

64,162

95,756

115,667

152,940

CREDITORS

Amounts falling due within one year

6

33,190

40,295

NET CURRENT ASSETS

82,477

112,645

TOTAL ASSETS LESS CURRENT LIABILITIES

82,478

112,646

CREDITORS

Amounts falling due after more than one year

7

2,778

7,937

NET ASSETS

79,700

104,709

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

78,700

103,709

SHAREHOLDERS' FUNDS

79,700

104,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 March 2025 and were signed on its behalf by:

Mrs F Barnes - Director

M P Barnes - Director

1.	STATUTORY INFORMATION

M B Industrial 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.

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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1

694

695

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

694

694

NET BOOK VALUE

At 31 December 2024

1

-

1

At 31 December 2023

1

-

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

16,278

20,025

Other debtors

29,769

30,733

46,047

50,758

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,762

4,762

Trade creditors

5,629

6,502

Taxation and social security

20,899

27,831

Other creditors

1,900

1,200

33,190

40,295

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,778

7,937

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

700

Ordinary A

£1

700

700

300

Ordinary B

£1

300

300

1,000

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs F Barnes and M P Barnes

Balance outstanding at start of year

30,733

29,302

Amounts advanced

83,769

68,733

Amounts repaid

(84,733

)

(67,302

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,769

30,733

Interest has been charged on the overdrawn director's loan account at 2.25%. The overdrawn balance is repaid within 9 months of the year-end.