1 February 2024 v2025.57.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP056923232024-02-012025-01-31056923232025-01-31056923232024-01-3105692323core:WithinOneYear2025-01-3105692323core:WithinOneYear2024-01-3105692323core:AfterOneYear2025-01-3105692323core:AfterOneYear2024-01-3105692323core:ShareCapital2025-01-3105692323core:ShareCapital2024-01-3105692323core:RetainedEarningsAccumulatedLosses2025-01-3105692323core:RetainedEarningsAccumulatedLosses2024-01-3105692323bus:Director12024-02-012025-01-3105692323bus:RegisteredOffice2024-02-012025-01-3105692323core:PlantMachinery2024-02-012025-01-3105692323core:FurnitureFittings2024-02-012025-01-31056923232023-02-012024-01-3105692323core:PlantMachinery2024-02-0105692323core:PlantMachinery2024-01-3105692323core:CostValuation2024-02-0105692323core:CostValuation2025-01-3105692323core:ProvisionsForImpairmentInvestments2024-02-0105692323core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal2025-01-3105692323core:ProvisionsForImpairmentInvestments2025-01-310569232312024-02-012025-01-3105692323countries:EnglandWales2024-02-012025-01-3105692323bus:AuditExemptWithAccountantsReport2024-02-012025-01-3105692323bus:PrivateLimitedCompanyLtd2024-02-012025-01-3105692323bus:SmallEntities2024-02-012025-01-3105692323bus:FullAccounts2024-02-012025-01-31
Company registration number:
05692323
MB International Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2025
MB International Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of MB International Limited
Year ended
31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
MB International Limited
for the year ended
31 January 2025
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
MB International Limited
, as a body, in accordance with the terms of my engagement letter dated 7 August 2025. My work has been undertaken solely to prepare for your approval the
financial statements
of
MB International Limited
and state those matters that I have agreed to state to the Board of Directors of
MB International Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
MB International Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
MB International Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
MB International Limited
. You consider that
MB International Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of MB International Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Emery & Co Accountants Limited
Office Suite 10 - The Old Cottage Hospital
Leicester Road
Ashby-De-La-Zouch
Leicestershire
LE65 1DB
United Kingdom
Date:
4 September 2025
MB International Limited
Statement of Financial Position
31 January 2025
20252024
Note££
Fixed assets    
Tangible assets 5 -  
213
 
Investments 6
200,463
 
85,856
 
200,463
 
86,069
 
Current assets    
Stocks
20,500
 
20,500
 
Cash at bank and in hand
341
 
209
 
20,841
 
20,709
 
Creditors: amounts falling due within one year 7
(165,823
 )
(85,765
 )
Net current liabilities
(144,982
 )
(65,056
 )
Total assets less current liabilities 55,481   21,013  
Creditors: amounts falling due after more than one year 8
(2,197
 )
(5,250
 )
Provisions for liabilities -  
(41
 )
Net assets
53,284
 
15,722
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
53,184
 
15,622
 
Shareholders funds
53,284
 
15,722
 
For the year ending
31 January 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
4 September 2025
, and are signed on behalf of the board by:
Mr M Boulton
Director
Company registration number:
05692323
MB International Limited
Notes to the Financial Statements
Year ended
31 January 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit C Scotlands Ind Est
,
Coalville
,
Leicestershire
,
LE67 3JJ
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% Reducing Balance
Fixtures and fittings
25% Reducing Balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2024
3,961
 
Disposals
(3,961
 )
At
31 January 2025
 -  
Depreciation  
At
1 February 2024
3,748
 
Disposals
(3,748
 )
At
31 January 2025
 -  
Carrying amount  
At
31 January 2025
 -  
At 31 January 2024
213
 

6 Investments

Other investments other than loans
£
Cost  
At
1 February 2024
200,000
 
At
31 January 2025
200,000
 
Impairment  
At
1 February 2024
114,144
 
Revaluations
(114,607
 )
At
31 January 2025
(463
 )
Carrying amount  
At
31 January 2025
200,463
 
At 31 January 2024
85,856
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
3,000
 
3,000
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
161,451
 
81,651
 
Taxation and social security
499
 
412
 
Other creditors
873
 
702
 
165,823
 
85,765
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
2,197
 
5,250
 

10 Controlling party

The company is jointly controlled by the directors Mr M & Mrs K Boulton.