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REGISTERED NUMBER: 05094222 (England and Wales)







Financial Statements for the Year Ended 30 June 2024

for

M.J.B. Builders Ltd

M.J.B. Builders Ltd (Registered number: 05094222)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.J.B. Builders Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr M J Brown





REGISTERED OFFICE: 96 Norwich Road
Dereham
Norfolk
NR20 3AR





REGISTERED NUMBER: 05094222 (England and Wales)






M.J.B. Builders Ltd (Registered number: 05094222)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,790 64,782

CURRENT ASSETS
Stocks 145,500 94,919
Debtors 5 1,190 3,734
Cash at bank 18,777 7,409
165,467 106,062
CREDITORS
Amounts falling due within one year 6 129,106 97,589
NET CURRENT ASSETS 36,361 8,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,151

73,255

CREDITORS
Amounts falling due after more than one
year

7

(23,863

)

(24,051

)

PROVISIONS FOR LIABILITIES (3,365 ) (3,365 )
NET ASSETS 91,923 45,839

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 91,921 45,837
SHAREHOLDERS' FUNDS 91,923 45,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M.J.B. Builders Ltd (Registered number: 05094222)

Balance Sheet - continued
30 June 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 director and authorised for issue on 10 April 2025 and were signed by:





Mr M J Brown - Director


M.J.B. Builders Ltd (Registered number: 05094222)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M.J.B. Builders Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery 15% reducing balance basis
Computer equipment 25% reducing balance basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

M.J.B. Builders Ltd (Registered number: 05094222)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 233,866 5,261 239,127
Additions 46,615 960 47,575
Disposals (23,925 ) - (23,925 )
At 30 June 2024 256,556 6,221 262,777
DEPRECIATION
At 1 July 2023 170,327 4,018 174,345
Charge for year 14,318 550 14,868
Eliminated on disposal (9,226 ) - (9,226 )
At 30 June 2024 175,419 4,568 179,987
NET BOOK VALUE
At 30 June 2024 81,137 1,653 82,790
At 30 June 2023 63,539 1,243 64,782

M.J.B. Builders Ltd (Registered number: 05094222)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023 23,925
Additions 40,615
Disposals (23,925 )
At 30 June 2024 40,615
DEPRECIATION
At 1 July 2023 9,226
Charge for year 6,092
Eliminated on disposal (9,226 )
At 30 June 2024 6,092
NET BOOK VALUE
At 30 June 2024 34,523
At 30 June 2023 14,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 1,823
Other debtors 1,190 1,911
1,190 3,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 8,605 8,605
Trade creditors 45,193 22,591
Taxation and social security 43,698 29,520
Other creditors 31,610 36,873
129,106 97,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 23,863 24,051