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REGISTERED NUMBER: 02806236 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MBC CONTRACTS LIMITED

MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBC CONTRACTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Birch
Mrs W J Birch
M J Birch
J M Birch
G Usher





SECRETARY: Mrs W J Birch





REGISTERED OFFICE: 15 Crittall Road
Witham
Essex
CM8 3DR





REGISTERED NUMBER: 02806236 (England and Wales)





ACCOUNTANTS: Affinia (Colchester)
The Octagon
Suite 2E, 2nd Floor
Middleborough
Colchester
Essex
CO1 1TG

MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 305,678 279,408

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 5 666,585 642,954
Cash at bank 145,467 77,845
862,052 770,799
CREDITORS
Amounts falling due within one year 6 465,797 515,589
NET CURRENT ASSETS 396,255 255,210
TOTAL ASSETS LESS CURRENT LIABILITIES 701,933 534,618

CREDITORS
Amounts falling due after more than one
year

7

(23,129

)

(44,411

)

PROVISIONS FOR LIABILITIES (81,377 ) (65,528 )
NET ASSETS 597,427 424,679

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 597,327 424,579
SHAREHOLDERS' FUNDS 597,427 424,679

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.

MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





M Birch - Director


MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

MBC Contracts 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
The company’s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.

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
Office equipment - 25% on reducing balance
Motor vehicles - 20% - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Office Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 18,877 20,122 189,147 375,678 603,824
Additions - 10,813 7,974 94,883 113,670
Disposals - - - (18,000 ) (18,000 )
At 31 July 2024 18,877 30,935 197,121 452,561 699,494
DEPRECIATION
At 1 August 2023 5,394 10,285 129,972 178,765 324,416
Charge for year 2,696 3,886 15,697 63,247 85,526
Eliminated on disposal - - - (16,126 ) (16,126 )
At 31 July 2024 8,090 14,171 145,669 225,886 393,816
NET BOOK VALUE
At 31 July 2024 10,787 16,764 51,452 226,675 305,678
At 31 July 2023 13,483 9,837 59,175 196,913 279,408

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 592,832 577,023
Other debtors 73,753 65,931
666,585 642,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,276 10,021
Finance leases 11,608 38,341
Trade creditors 172,298 247,284
Taxation and social security 205,375 150,479
Other creditors 66,240 69,464
465,797 515,589

MBC CONTRACTS LIMITED (REGISTERED NUMBER: 02806236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,634 19,902
Finance leases 13,495 24,509
23,129 44,411

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Birch.