Registered number
13996287
MB Building Services (SW) Ltd
Filleted Accounts
31 March 2025
Malcolm Franke & Co Ltd
Chartered Accountants
MB Building Services (SW) Ltd
Registered number: 13996287
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 4,000 6,000
Tangible assets 4 10,723 14,167
14,723 20,167
Current assets
Debtors 5 9,120 501
Bank account 16,284 35,860
25,404 36,361
Creditors: amounts falling due within one year 6 (31,628) (47,674)
Net current liabilities (6,224) (11,313)
Total assets less current liabilities 8,499 8,854
Creditors: amounts falling due after more than one year 7 - (1,829)
Net assets 8,499 7,025
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,399 6,925
Shareholders' funds 8,499 7,025
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 members have 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.
P G Murray
Director
Date: 26 June 2025
MB Building Services (SW) Ltd
Notes to the Accounts
for the year ended 31 March 2025
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% of reducing balance
Motor vehicles 25% of reducing balance
Office furniture and equipment 25% of reducing balance
Stock
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 10,000
At 31 March 2025 10,000
Amortisation
At 1 April 2024 4,000
Provided during the year 2,000
At 31 March 2025 6,000
Net book value
At 31 March 2025 4,000
At 31 March 2024 6,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Office furniture and equipment Total
£ £ £ £
Cost
At 1 April 2024 7,461 17,000 726 25,187
Additions 451 - - 451
Disposals (570) - - (570)
At 31 March 2025 7,342 17,000 726 25,068
Depreciation
At 1 April 2024 3,265 7,438 317 11,020
Charge for the year 1,082 2,390 102 3,574
On disposals (249) - - (249)
At 31 March 2025 4,098 9,828 419 14,345
Net book value
At 31 March 2025 3,244 7,172 307 10,723
At 31 March 2024 4,196 9,562 409 14,167
5 Debtors 2025 2024
£ £
Trade debtors 8,953 -
Prepayments 167 501
9,120 501
6 Creditors: amounts falling due within one year 2025 2024
£ £
Business loan (part) 1,829 3,660
Trade creditors 2,485 3,056
Director's loan 14,110 26,576
Corporation tax 6,211 5,575
VAT accrual 5,560 6,995
PAYE and CIS accrual 233 612
Other creditors and accruals 1,200 1,200
31,628 47,674
7 Creditors: amounts falling due after one year 2025 2024
£ £
Business loan (part) - 1,829
8 Other information
MB Building Services (SW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
45 Elmwood Park
Loddiswell
Kingsbridge
Devon
TQ7 4SD
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