Registered number
08219963
MB WOODCRAFT LIMITED
Filleted Accounts
30 September 2024
MB WOODCRAFT LIMITED
Registered number: 08219963
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 109,726 123,576
Current assets
Stocks 12,500 12,500
Debtors 4 28,892 26,969
Cash at bank 4,832 11,677
46,224 51,146
Creditors: amounts falling due within one year 5 (98,898) (105,625)
Net current liabilities (52,674) (54,479)
Total assets less current liabilities 57,052 69,097
Creditors: amounts falling due after more than one year 6 (15,437) (26,822)
Net assets 41,615 42,275
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,515 42,175
Shareholder's funds 41,615 42,275
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Balcer
Director
Approved by the board on 10 March 2025
MB WOODCRAFT LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on the reducing balance basis
Motor vehicles 20% on the reducing balance basis
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 October 2023 190,552 26,000 216,552
At 30 September 2024 190,552 26,000 216,552
Depreciation
At 1 October 2023 81,902 11,074 92,976
Charge for the year 10,865 2,985 13,850
At 30 September 2024 92,767 14,059 106,826
Net book value
At 30 September 2024 97,785 11,941 109,726
At 30 September 2023 108,650 14,926 123,576
4 Debtors 2024 2023
£ £
Trade debtors 26,116 26,969
Other debtors 2,776 -
28,892 26,969
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 8,060 11,799
Taxation - 1,682
Director's loan account 90,838 92,144
98,898 105,625
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 15,437 21,494
Obligation under hire purchase contract - 5,328
15,437 26,822
7 Other information
MB WOODCRAFT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Drewton Avenue
Heysham
Morecambe
LA3 1NU
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