REGISTERED NUMBER: 05870108 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MBH DESIGN STUDIO LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Murrin

W Smith

J Von Buddenbrock

A Shah

O OlaOwolabi

J Richardson

SECRETARY:

A Murrin

REGISTERED OFFICE:

Brook House, Apex Court

Camphill Road

West Byfleet

Surrey

KT14 6SQ

REGISTERED NUMBER:

05870108 (England and Wales)

ACCOUNTANTS:

CLS Accountants Limited

Chartered Certified Accountants

2 Rythe Close

Esher

Surrey

KT10 9DD

FIXED ASSETS

Intangible assets

4

-

10,000

Tangible assets

5

233,875

264,621

Investments

6

1,015

1,015

234,890

275,636

CURRENT ASSETS

Debtors

7

1,634,682

1,313,545

Cash at bank

670,186

602,793

2,304,868

1,916,338

CREDITORS

Amounts falling due within one year

8

1,544,080

1,322,033

NET CURRENT ASSETS

760,788

594,305

TOTAL ASSETS LESS CURRENT LIABILITIES

995,678

869,941

CREDITORS

Amounts falling due after more than one year

9

(2,211

)

(12,408

)

PROVISIONS FOR LIABILITIES

(58,332

)

(65,988

)

NET ASSETS

935,135

791,545

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

935,035

791,445

SHAREHOLDERS' FUNDS

935,135

791,545

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2025 and were signed on its behalf by:

J Richardson - Director

1.	STATUTORY INFORMATION

MBH Design Studio 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 represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and equal instalments over period of lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,200,000

AMORTISATION

At 1 April 2024

1,190,000

Charge for year

10,000

At 31 March 2025

1,200,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

393,500

Additions

17,605

At 31 March 2025

411,105

DEPRECIATION

At 1 April 2024

128,879

Charge for year

48,351

At 31 March 2025

177,230

NET BOOK VALUE

At 31 March 2025

233,875

At 31 March 2024

264,621

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1,015

NET BOOK VALUE

At 31 March 2025

1,015

At 31 March 2024

1,015

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,149,009

941,894

Amounts owed by group undertakings

-

8,894

Amounts owed by related parties

60,957

10,957

Amounts recoverable on contract

181,906

128,791

Other debtors

242,810

223,009

1,634,682

1,313,545

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

441,003

375,754

Taxation and social security

481,610

409,007

Other creditors

611,467

527,272

1,544,080

1,322,033

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,211

12,408

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

75,000

75,000

Between one and five years

375,000

375,000

In more than five years

192,329

192,329

642,329

642,329

11.	SECURED DEBTS

There is a debenture dated 14 December 2022 giving fixed and floating charges over the assets of the company. This provides security to Mr A Murrin in connection with a share purchase deed.