REGISTERED NUMBER: 02615954 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

M.B. Products Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Godfrey

Mr R Godfrey

Mrs L Godfrey

SECRETARY:

Mrs L Godfrey

REGISTERED OFFICE:

Unit 1A Waterside Park

Valley Way

Wombwell

Barnsley

S73 0BB

REGISTERED NUMBER:

02615954 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Ltd

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

S75 3SP

BANKERS:

Barclays Bank Plc

10-12 Pinstone Street

Sheffield

S1 2HN

FIXED ASSETS

Property, plant and equipment

4

493,517

516,214

CURRENT ASSETS

Inventories

47,041

43,130

Debtors

5

248,514

241,646

Cash at bank and in hand

491,526

421,811

787,081

706,587

CREDITORS

Amounts falling due within one year

6

277,675

234,743

NET CURRENT ASSETS

509,406

471,844

TOTAL ASSETS LESS CURRENT LIABILITIES

1,002,923

988,058

CREDITORS

Amounts falling due after more than one year

7

(13,323

)

(15,759

)

PROVISIONS FOR LIABILITIES

(31,489

)

(34,548

)

NET ASSETS

958,111

937,751

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Retained earnings

943,111

922,751

SHAREHOLDERS' FUNDS

958,111

937,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by:

Mr R Godfrey - Director

Mr R Godfrey - Director

Mrs L Godfrey - Director

1.	STATUTORY INFORMATION

M.B. Products 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land & buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost, 20% on cost and 10% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the

transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land &

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

475,657

327,684

803,341

Additions

-

1,912

1,912

At 31 July 2025

475,657

329,596

805,253

DEPRECIATION

At 1 August 2024

48,902

238,225

287,127

Charge for year

9,512

15,097

24,609

At 31 July 2025

58,414

253,322

311,736

NET BOOK VALUE

At 31 July 2025

417,243

76,274

493,517

At 31 July 2024

426,755

89,459

516,214

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

230,744

225,035

Other debtors

17,770

16,611

248,514

241,646

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

78,373

61,972

Taxation and social security

127,288

100,833

Other creditors

72,014

71,938

277,675

234,743

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

13,323

15,759

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their combined controlling shareholding.