MBP Ironmongery Solutions Ltd - Filleted accounts

Registered number

07951375

MBP Ironmongery Solutions Ltd

Filleted Accounts

31 October 2025

MBP Ironmongery Solutions Ltd
Registered number:		07951375
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		31,166			30,345

Current assets
Stocks		116,500			94,533
Debtors	4	436,294			416,835
Cash at bank and in hand		160,639			159,535
		713,433			670,903

Creditors: amounts falling due within one year	5	(714,376)			(671,980)

Net current liabilities			(943)			(1,077)

Total assets less current liabilities			30,223			29,268


Provisions for liabilities			(2,583)			(1,234)


Net assets			27,640			28,034

Capital and reserves
Called up share capital			10			10
Profit and loss account			27,630			28,024

Shareholders' funds			27,640			28,034

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




D T Finney
Director
Approved by the board on 13 July 2026

MBP Ironmongery Solutions Ltd
Notes to the Accounts
for the year ended 31 October 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:

	Plant and machinery		over 5 years
	Motor vehicles		over 4 years

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				10		9


3	Tangible fixed assets
			Plant and machinery etc		Motor vehicles		Total
£				£		£
	Cost
	At 1 November 2024		-		30,990		30,990
	Additions		10,832		-		10,832
	At 31 October 2025		10,832		30,990		41,822

	Depreciation
	At 1 November 2024		-		645		645
	Charge for the year		2,263		7,748		10,011
	At 31 October 2025		2,263		8,393		10,656

	Net book value
	At 31 October 2025		8,569		22,597		31,166
	At 31 October 2024		-		30,345		30,345


4	Debtors				2025		2024
£						£

	Trade debtors				435,094		415,035
	Other debtors				1,200		1,800
					436,294		416,835


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

	Trade creditors				420,405		272,190
	Taxation and social security costs				103,207		98,171
	Other creditors				190,764		301,619
					714,376		671,980


6	Related party transactions

	The following companies are related parties by virtue of being controlled by the directors of FSC Ltd, MA Finney,DT Finney, JW Vann and TP McGuire who controlled the issued share capital of each company by virtue of their own and their direct family members' shareholdings.


		Sales	Purchases		Debtor		Creditor
		£	£		£		£
	Year ended 31st October 2025
	Door-Kit Solutions Ltd	42,154	694		10,049
	Fire & Acoustic Seals Ltd	981	3,412		54
	IBS Building Products Ltd	60,189			11,823
	Joinery Specialists Ltd	50,321			5,868
	Leeds Doors & Cubicles Ltd	11,017			3,902
	Midlands Building Products Ltd	17,698	64,809		1,510		939
	Manchester Doors & Cubicles	42,915			2,187
	Rapidfit Ltd	1,286,441			308,273
	Rysine	4,956			966
	Southern Doors & Cubicles	337,005			23,208
	Specialist Joinery Products Ltd	33,740			4,821
	Uk Doorsets Ltd	355,695			30,086
	FSC Doors Ltd	-	315,143		-		98,391

		Sales	Purchases		Debtor		Creditor
		£	£		£		£
	Year ended 31st October 2024
	Door-Kit Solutions Ltd	17,820			2,748
	Fire & Acoustic Seals Ltd	1,867	741		2,240		137
	IBS Building Products Ltd	6,473			5,190
	Joinery Specialists Ltd	9,950			468
	Leeds Doors & Cubicles Ltd	6,290			988
	Midlands Building Products Ltd	935,158	5,057		1,911
	Manchester Doors & Cubicles	18,133			449
	Rapidfit Ltd	927,347	272		303,547		327
	Southern Doors & Cubicles	184,678			38,057
	Specialist Joinery Products Ltd	13,139			1,294
	Uk Doorsets Ltd	147,222			33,690
	FSC Doors Ltd		140,621				140,621


7	Controlling party

	The company is controlled by FSC Doors Ltd who owned 90% of the issued share capital.


8	Other information

	MBP Ironmongery Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	6/11 Spartan Industrial Centre
	Brickhouse Lane
	West Bromwich
	England
	B70 0DH