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Company Registration No. 12391262 (England and Wales)
MDB Building Solutions Limited Unaudited accounts for the year ended 31 January 2025
MDB Building Solutions Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MDB Building Solutions Limited Company Information for the year ended 31 January 2025
Directors
David Brown Mark Tomlinson
Company Number
12391262 (England and Wales)
Registered Office
74 PRETORIA ROAD IBSTOCK LE67 6LN ENGLAND
Accountants
Hazelwood Accounting Services Ltd 24 South Street Melbourne Derbyshire DE73 8GB
- 3 -
MDB Building Solutions Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
165,864
182,361
Current assets
Debtors
5
236,828
146,604
Cash at bank and in hand
60,726
129,980
297,554
276,584
Creditors: amounts falling due within one year
6
(352,325)
(357,734)
Net current liabilities
(54,771)
(81,150)
Total assets less current liabilities
111,093
101,211
Creditors: amounts falling due after more than one year
7
(1,665)
(16,440)
Provisions for liabilities
Deferred tax
8
(31,515)
(34,649)
Net assets
77,913
50,122
Capital and reserves
Called up share capital
2
2
Profit and loss account
77,911
50,120
Shareholders' funds
77,913
50,122
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by
David Brown Director Company Registration No. 12391262
- 4 -
MDB Building Solutions Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
MDB Building Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12391262. The registered office is 74 PRETORIA ROAD, IBSTOCK, LE67 6LN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the provision of services and materials. Turnover is recognized when the services are performed and materials used.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Short term debtors and creditors and other basic liabilities are measured at transaction price (which is usually the invoice price). Short term debtors include impairment losses for bad and doubtful debts.
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MDB Building Solutions Limited Notes to the Accounts for the year ended 31 January 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets are only recognised to the extent that recovery is probable. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
83,530
179,261
2,650
265,441
Additions
29,204
44,958
691
74,853
Disposals
-
(42,691)
-
(42,691)
At 31 January 2025
112,734
181,528
3,341
297,603
Depreciation
At 1 February 2024
34,514
47,336
1,230
83,080
Charge for the year
25,688
45,956
592
72,236
On disposals
-
(23,577)
-
(23,577)
At 31 January 2025
60,202
69,715
1,822
131,739
Net book value
At 31 January 2025
52,532
111,813
1,519
165,864
At 31 January 2024
49,016
131,925
1,420
182,361
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
122,875
55,581
Accrued income and prepayments
107,079
88,411
Other debtors
6,874
2,612
236,828
146,604
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,000
5,000
VAT
83,202
84,885
Obligations under finance leases and hire purchase contracts
9,775
13,426
Trade creditors
174,989
195,555
Taxes and social security
30,432
28,187
Other creditors
257
-
Loans from directors
1,118
2,108
Accruals
47,552
28,573
352,325
357,734
- 6 -
MDB Building Solutions Limited Notes to the Accounts for the year ended 31 January 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,665
6,665
Obligations under finance leases and hire purchase contracts
-
9,775
1,665
16,440
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
31,515
34,649
2025
2024
£
£
Provision at start of year
34,649
17,077
(Credited)/charged to the profit and loss account
(3,134)
17,572
Provision at end of year
31,515
34,649
In addition to the deferred tax liability of £31,515 the company had tax losses brought forward of £41,588 which had not been recognised on the Balance Sheet. These have been offset against the current year’s tax liabilities.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
(1,148)
6,960
52
5,760
(1,148)
6,960
52
5,760
The director advances are interest free and repayable on demand.
10
Transactions with related parties
During the year, the company made a loan amounting to £5,760 (2024: £0) ) to a director. The loan is interest free and repayable on demand. At the balance sheet date, the loan was still outstanding and is presented within Other Debtors: amounts falling due within one year.
11
Average number of employees
During the year the average number of employees was 4 (2024: 4).
- 7 -
MDB Building Solutions Limited Notes to the Accounts for the year ended 31 January 2025
12
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 February 2023
31 January 2024
£
£
Capital and reserves (as previously stated)
66,744
84,771
Accelerated capital allowances
(17,077)
(34,649)
Capital and reserves (as restated)
49,667
50,122
Reconciliation of profit or loss for the year
31 January 2024
£
Profit for the year (as previously stated)
60,027
Accelerated capital allowances
(17,572)
Profit for the year (as restated)
42,455
- 8 -