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Registration number: 08176691

MBS IT Ltd
Unaudited Financial Statements
for the Year Ended 31 December 2025

MBS IT Ltd

Contents

Balance Sheet | 1 to 2
Notes to the Financial Statements | 3 to 6

MBS IT Ltd

(Registration number: 08176691)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,905 | 3,011
Current assets |  |  |
Stocks |  | 1,385 | 1,215
Debtors | 5 | 71,979 | 38,902
Cash at bank and in hand |  | 71,549 | 97,580
|  | 144,913 | 137,697
Creditors: Amounts falling due within one year | 6 | (31,208) | (82,163)
Net current assets |  | 113,705 | 55,534
Total assets less current liabilities |  | 116,610 | 58,545
Creditors: Amounts falling due after more than one year | 6 | - | (4,999)
Provisions for liabilities |  | (359) | -
Net assets |  | 116,251 | 53,546
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 116,051 | 53,346
Shareholders' funds |  | 116,251 | 53,546

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

MBS IT Ltd

(Registration number: 08176691)
Balance Sheet as at 31 December 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2026 and signed on its behalf by:

......................................... Mr I G Carroll Director

MBS IT Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Alexandra Suite
Mornflake Stadium
Gresty Road
Crewe
Cheshire
CW2 6EB

2 | Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

MBS IT Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and computer equipment | 25% reducing balance/straight line over 3 years
Plant and equipment | 25% reducing balance

Stocks

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

MBS IT Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Fixtures, fittings and computer equipment £ | Plant and equipment £ | Total £
Cost or valuation
At 1 January 2025 | 12,459 | 5,000 | 17,459
Additions | 899 | - | 899
At 31 December 2025 | 13,358 | 5,000 | 18,358
Depreciation
At 1 January 2025 | 9,607 | 4,841 | 14,448
Charge for the year | 965 | 40 | 1,005
At 31 December 2025 | 10,572 | 4,881 | 15,453
Carrying amount
At 31 December 2025 | 2,786 | 119 | 2,905
At 31 December 2024 | 2,852 | 159 | 3,011

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 39,994 | 37,501
Prepayments | 1,481 | 1,401
Other debtors | 30,504 | -
| 71,979 | 38,902

MBS IT Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6 | Creditors

Creditors: amounts falling due within one year

|  | 2025 £ | 2024 £
Due within one year |  |  |
Bank loan |  | 4,999 | 10,000
Trade creditors |  | 358 | 213
Taxation and social security |  | 6,783 | 21,364
Other creditors |  | 19,068 | 50,586
|  | 31,208 | 82,163

Creditors: amounts falling due after more than one year

|  | 2025 £ | 2024 £
Due after one year |  |  |
Bank loan |  | - | 4,999

7 | Related party transactions

Transactions with directors

During the year advances of £75,605 and repayments of £2,375 were made by the directors. At the year end the directors owed the company £30,504 (2024: £42,727 owed by the company). This loan is interest free and repayable on demand.