MB JOINERS LTD - Filleted accounts

Registered number

13158743

MB JOINERS LTD

Filleted Accounts

30 April 2025

MB JOINERS LTD
Registered number:		13158743
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		46,124			56,518

Current assets
Debtors	4	27,227			31,003
Cash at bank and in hand		1,246			1,654
		28,473			32,657

Creditors: amounts falling due within one year	5	(45,007)			(54,592)

Net current liabilities			(16,534)			(21,935)

Total assets less current liabilities			29,590			34,583

Creditors: amounts falling due after more than one year	6		(19,426)			(34,580)

Provisions for liabilities			(7,432)			-


Net assets			2,732			3

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,730			1

Shareholder's funds			2,732			3

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 member has 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.




M Brook
Director
Approved by the board on 3 November 2025

MB JOINERS LTD
Notes to the Accounts
for the period from 1 February 2024 to 30 April 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 taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment			25% straight line
	Plant and equipment			10% reducing balance
	Motor vehicles			25% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Computer equipment		Plant & equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	17,820		5,703		64,543		88,066
	Additions	-		694		-		694
	At 30 April 2025	17,820		6,397		64,543		88,760

	Depreciation
	At 1 February 2024	1,068		1,993		28,487		31,548
	Charge for the period	356		1,718		9,014		11,088
	At 30 April 2025	1,424		3,711		37,501		42,636

	Net book value
	At 30 April 2025	16,396		2,686		27,042		46,124
	At 31 January 2024	16,752		3,710		36,056		56,518


4	Debtors					2025		2024
£							£

	Trade debtors					26,100		28,925
	Other debtors					1,127		2,078
						27,227		31,003


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					15,153		15,153
	Taxation and social security costs					13,701		19,920
	Other creditors					16,153		19,519
						45,007		54,592


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					19,426		34,580


7	Other information

	MB JOINERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	34 Manygates Lane
	Wakefield
	WF2 7DG