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REGISTERED NUMBER: 12522191 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MBM (SW) Limited

MBM (SW) Limited (Registered number: 12522191)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


MBM (SW) Limited

COMPANY INFORMATION
for the year ended 31 March 2025







Directors: P R Furnival
R S Foster
Miss H Jarvis





Registered office: Unit 21-24
Grace Mill Business Park
Maxwell Road
Plymouth
Devon
PL4 0SN





Registered number: 12522191 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

MBM (SW) Limited (Registered number: 12522191)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 163,397 114,588
Investments 5 2 -
163,399 114,588

Current assets
Stocks 423,246 333,270
Debtors 6 337,982 264,836
Investments 7 1,300 1,300
Cash at bank and in hand 522,795 506,230
1,285,323 1,105,636
Creditors
Amounts falling due within one year 8 896,004 772,982
Net current assets 389,319 332,654
Total assets less current liabilities 552,718 447,242

Creditors
Amounts falling due after more than
one year

9

(69,789

)

(37,826

)

Provisions for liabilities 11 (40,700 ) (28,600 )
Net assets 442,229 380,816

Capital and reserves
Called up share capital 12 105 105
Retained earnings 442,124 380,711
Shareholders' funds 442,229 380,816

MBM (SW) Limited (Registered number: 12522191)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





R S Foster - Director


MBM (SW) Limited (Registered number: 12522191)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

MBM (SW) 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 receivable, net of discounts and value added taxes. Turnover represents revenue earned from the sale of goods which is recognised at the point of delivery/collection to/by the customer.

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:

Leasehold property - Straight line over primary lease period.
Website - Straight line over 10 years.
Motor vehicles - Straight line over 7 to 8 years.
Equipment - Straight line over 3 to 10 years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


MBM (SW) Limited (Registered number: 12522191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 17 ) .

MBM (SW) Limited (Registered number: 12522191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Leasehold Motor
property Website vehicles Equipment Totals
£    £    £    £    £   
Cost
At 1 April 2024 11,931 33,923 98,040 14,950 158,844
Additions 1,319 3,150 72,835 5,493 82,797
Disposals - - (11,950 ) - (11,950 )
At 31 March 2025 13,250 37,073 158,925 20,443 229,691
Depreciation
At 1 April 2024 7,163 12,247 17,500 7,346 44,256
Charge for year 3,220 3,632 16,705 3,816 27,373
Eliminated on disposal - - (5,335 ) - (5,335 )
At 31 March 2025 10,383 15,879 28,870 11,162 66,294
Net book value
At 31 March 2025 2,867 21,194 130,055 9,281 163,397
At 31 March 2024 4,768 21,676 80,540 7,604 114,588

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
Additions 2
At 31 March 2025 2
Net book value
At 31 March 2025 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mammoth Roofing Limited
Registered office: Units 21-24 Grace Mill Business Park, Maxwell Road, Plymouth, Devon, England, PL4 0SN
Nature of business: Sale of timber and building materials
%
Class of shares: holding
Ordinary 100.00
2025 2024
£    £   
Aggregate capital and reserves 65 87
Loss for the year (22 ) (13 )

MBM (SW) Limited (Registered number: 12522191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 326,770 258,514
Other debtors 11,212 6,322
337,982 264,836

7. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Unlisted investments 1,300 1,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 10)
20,661

9,786
Trade creditors 733,338 609,118
Taxation and social security 137,086 148,491
Other creditors 4,919 5,587
896,004 772,982

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 10)
69,789

37,826

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 20,661 9,786
Between one and five years 69,789 37,826
90,450 47,612

MBM (SW) Limited (Registered number: 12522191)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2025 2024
£    £   
Within one year 23,625 31,000
Between one and five years - 31,500
23,625 62,500

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 40,700 28,600

Deferred
tax
£   
Balance at 1 April 2024 28,600
Provided during year 12,100
Balance at 31 March 2025 40,700

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10,000 Ordinary £0.01 100 100
1 A £1 1 1
1 B £1 1 1
1 C £1 1 1
1 D £1 1 1
1 E £1 1 1
105 105

13. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by R S Foster and Miss H M Jarvis.