MCB FINANCIAL SERVICES LIMITED 31/03/2025 iXBRL

Company registration number: 6147397

MCB FINANCIAL SERVICES LIMITED

Unaudited filleted abridged financial statements

31 March 2025

MCB FINANCIAL SERVICES LIMITED

Contents

Abridged statement of financial position

Notes to the financial statements

MCB FINANCIAL SERVICES LIMITED

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	65,353		94,319
		_______		_______
			65,353		94,319

Current assets
Debtors		84,635		87,632
Cash at bank and in hand		115,863		143,652
		_______		_______
		200,498		231,284
Creditors: amounts falling due
within one year		( 188,912)		( 200,465)
		_______		_______
Net current assets			11,586		30,819
			_______		_______
Total assets less current liabilities			76,939		125,138

Creditors: amounts falling due
after more than one year			( 63,555)		( 140,615)

Provisions for liabilities			( 16,338)		( 20,417)

			_______		_______
Net liabilities			( 2,954)		( 35,894)
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			( 3,954)		( 36,894)
			_______		_______
Shareholder deficit			( 2,954)		( 35,894)
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr Mark Burton

Director

Company registration number: 6147397

MCB FINANCIAL SERVICES LIMITED

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is MCB FINANCIAL SERVICES LIMITED, Unit 13 Beech Avenue Business Park, Taverham, Norwich, NR8 6HW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %
Fittings fixtures and equipment	-	15 %
Motor vehicles	-	25 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

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.

Financial instruments

Loans and borrowing's are recognised at the transaction price including transaction costs .

Pension contributions

The pension costs charged in the financial statements represent the contribution paid by the company during the year.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 13 ).

5. Tangible assets


		£
	Cost
	At 1 April 2024	180,631
	Disposals	( 12,995)
		_______
	At 31 March 2025	167,636
		_______
	Depreciation
	At 1 April 2024	86,312
	Charge for the year	19,220
	Disposals	( 3,249)
		_______
	At 31 March 2025	102,283
		_______
	Carrying amount
	At 31 March 2025	65,353
		_______
	At 31 March 2024	94,319
		_______

6. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Burton	( 4,424)	25,939	( 32,797)	( 11,282)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Mark Burton	141,813	147,960	( 294,197)	( 4,424)
		_______	_______	_______	_______

7. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Helping Hand Mortgages Limited	-	-	( 6,500)	( 6,500)
Grassroots Etc. Limited	12,230	( 12,230)	-	( 12,230)
	_______	_______	_______	_______

During the year, MCB Financial Services Limited lent Helping Hand Mortgages Limited £nil (2024 : £nil). The above shown balance outstanding is unsecured and interest free. Mr Mark Burton holds a shareholding and has significant control over Helping Hand Mortgages Limited. The loan to Grassroots Etc. Limited was unsecured and interest free. Mr Mark Burton , was a director, held 50% of the shareholding and had significant control over Grassroots Etc. Limited.

8. Controlling party

The ultimate controlling party is Mr M Burton , by virtue of his share holding in the company.