Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-3117falsetrue2023-08-01falseNo description of principal activity17trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07299244 2023-08-01 2024-07-31 07299244 2022-08-01 2023-07-31 07299244 2024-07-31 07299244 2023-07-31 07299244 c:Director1 2023-08-01 2024-07-31 07299244 d:PlantMachinery 2023-08-01 2024-07-31 07299244 d:PlantMachinery 2024-07-31 07299244 d:PlantMachinery 2023-07-31 07299244 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07299244 d:OfficeEquipment 2023-08-01 2024-07-31 07299244 d:OfficeEquipment 2024-07-31 07299244 d:OfficeEquipment 2023-07-31 07299244 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07299244 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 07299244 d:CurrentFinancialInstruments 2024-07-31 07299244 d:CurrentFinancialInstruments 2023-07-31 07299244 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 07299244 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07299244 d:ShareCapital 2024-07-31 07299244 d:ShareCapital 2023-07-31 07299244 d:RetainedEarningsAccumulatedLosses 2024-07-31 07299244 d:RetainedEarningsAccumulatedLosses 2023-07-31 07299244 c:FRS102 2023-08-01 2024-07-31 07299244 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 07299244 c:FullAccounts 2023-08-01 2024-07-31 07299244 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 07299244 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 07299244









M&B FREIGHT SERVICES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
M&B FREIGHT SERVICES LTD
REGISTERED NUMBER: 07299244

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
71,582
88,460

  
71,582
88,460

Current assets
  

Debtors: amounts falling due within one year
 4 
26,907
22,817

Cash at bank and in hand
 5 
22,870
28,367

  
49,777
51,184

Creditors: amounts falling due within one year
 6 
(194,497)
(193,313)

Net current liabilities
  
 
 
(144,720)
 
 
(142,129)

Total assets less current liabilities
  
(73,138)
(53,669)

  

Net liabilities
  
(73,138)
(53,669)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(73,140)
(53,671)

  
(73,138)
(53,669)


Page 1

 
M&B FREIGHT SERVICES LTD
REGISTERED NUMBER: 07299244
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.




Michael Bond
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
M&B FREIGHT SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
M&B FREIGHT SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
M&B FREIGHT SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.Accounting policies (continued)

 
1.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 17).


3.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2023
396,797
2,654
399,451



At 31 July 2024

396,797
2,654
399,451



Depreciation


At 1 August 2023
309,822
1,169
310,991


Charge for the year on owned assets
16,215
663
16,878



At 31 July 2024

326,037
1,832
327,869



Net book value



At 31 July 2024
70,760
822
71,582



At 31 July 2023
86,975
1,485
88,460


4.


Debtors

2024
2023
£
£


Trade debtors
24,824
22,817

Other debtors
2,083
-

26,907
22,817

Page 5

 
M&B FREIGHT SERVICES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.Debtors (continued)



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
22,870
28,367

22,870
28,367



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,045
12,209

Amounts owed to group undertakings
44,724
48,621

Corporation tax
3,633
3,633

Other taxation and social security
81,445
58,964

Obligations under finance lease and hire purchase contracts
-
13,340

Other creditors
47,855
54,196

Accruals and deferred income
13,795
2,350

194,497
193,313


 
Page 6