MPB Construction Ltd 31/01/2026 iXBRL

Company registration number: NI042170

MPB CONSTRUCTION LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 January 2026

MPB CONSTRUCTION LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

_________________________________________________________________________________________

Contents

Directors and other information

Directors responsibilities statement

Accountants report

Balance sheet

Statement of changes in equity

Notes to the financial statements

MPB CONSTRUCTION LTD

DIRECTORS AND OTHER INFORMATION

________________________________________________________________________________________


	Directors	Michael Brunton
		Pauline Brunton
		Sean Brunton


	Secretary	Pauline Brunton


	Company number	NI042170


	Registered office	9 Strawmore Lane
		Draperstown
		Co. Derry
		BT45 7JJ


	Business address	9 Strawmore Lane
		Draperstown
		Co. Derry
		BT45 7JJ


	Accountants	Kelly & O'Neill Ltd
		15E Molesowrth Street
		Cookstown
		BT80 8NX

MPB CONSTRUCTION LTD

DIRECTORS RESPONSIBILITIES STATEMENT

YEAR ENDED 31 JANUARY 2026

________________________________________________________________________________________

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MPB CONSTRUCTION LTD

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MPB CONSTRUCTION LTD

YEAR ENDED 31 JANUARY 2026

________________________________________________________________________________________

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MPB Construction Ltd for the year ended 31 January 2026 which comprise the Balance sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of MPB Construction Ltd, as a body, in accordance with the terms of our engagement letter dated 21 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of MPB Construction Ltd and state those matters that we have agreed to state to the board of directors of MPB Construction Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MPB Construction Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that MPB Construction Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MPB Construction Ltd. You consider that MPB Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MPB Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kelly & O'Neill Ltd

Chartered Accountants

15E Molesowrth Street

Cookstown

BT80 8NX

4 August 2026

MPB CONSTRUCTION LTD

BALANCE SHEET

31 JANUARY 2026

_________________________________________________________________________________________

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	131,123		123,258
		_______		_______
			131,123		123,258

Current assets
Stocks		88,467		170,978
Debtors	7	27,026		13,129
Cash at bank and in hand		163,443		85,349
		_______		_______
		278,936		269,456
Creditors: amounts falling due
within one year	8	( 158,491)		( 123,939)
		_______		_______
Net current assets			120,445		145,517
			_______		_______
Total assets less current liabilities			251,568		268,775

Creditors: amounts falling due
after more than one year	9		( 64,485)		( 57,839)
			_______		_______
Net assets			187,083		210,936
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			186,983		210,836
			_______		_______
Shareholders funds			187,083		210,936
			_______		_______

For the year ending 31 January 2026 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge 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 Profit and loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 August 2026 , and are signed on behalf of the board by:

Michael Brunton Pauline Brunton

Director Director

Company registration number: NI042170

MPB CONSTRUCTION LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 JANUARY 2026

_______________________________________________________________________________

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 February 2024	2	233,779	233,781

Profit for the year		46,357	46,357
	_______	_______	_______
Total comprehensive income for the year	-	46,357	46,357

Issue of shares	98		98
Dividends paid and payable		( 69,300)	( 69,300)
	_______	_______	_______
Total investments by and distributions to owners	98	( 69,300)	( 69,202)

	_______	_______	_______
At 31 January 2025 and 1 February 2025	100	210,836	210,936

Profit for the year		78,147	78,147
	_______	_______	_______
Total comprehensive income for the year	-	78,147	78,147

Dividends paid and payable		( 102,000)	( 102,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 102,000)	( 102,000)

	_______	_______	_______
At 31 January 2026	100	186,983	187,083
	_______	_______	_______

MPB CONSTRUCTION LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2026

_______________________________________________________________________________________

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 9 Strawmore Lane, Draperstown, Co. Derry, BT45 7JJ.

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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

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

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:


Freehold property	-	4 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2025: 9 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 February 2025 and 31 January 2026	103,438	103,438
	_______	_______
Amortisation
At 1 February 2025 and 31 January 2026	103,438	103,438
	_______	_______
Carrying amount
At 31 January 2026	-	-
	_______	_______
At 31 January 2025	-	-
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 February 2025	76,159	52,258	48,819	135,710	312,946
Additions	-	20,329	1,799	39,090	61,218
Disposals	-	( 9,164)	( 18,748)	( 29,750)	( 57,662)
	_______	_______	_______	_______	_______
At 31 January 2026	76,159	63,423	31,870	145,050	316,502
	_______	_______	_______	_______	_______
Depreciation
At 1 February 2025	43,509	45,167	33,033	67,979	189,688
Charge for the year	3,047	6,394	3,747	23,698	36,886
Disposals	-	( 7,319)	( 16,154)	( 17,722)	( 41,195)
	_______	_______	_______	_______	_______
At 31 January 2026	46,556	44,242	20,626	73,955	185,379
	_______	_______	_______	_______	_______
Carrying amount
At 31 January 2026	29,603	19,181	11,244	71,095	131,123
	_______	_______	_______	_______	_______
At 31 January 2025	32,650	7,091	15,786	67,731	123,258
	_______	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	24,874	11,247
Other debtors	2,152	1,882
	_______	_______
	27,026	13,129
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	650	1,569
Trade creditors	22,945	28,066
Corporation tax	20,238	18,010
Social security and other taxes	16,460	3,046
Other creditors	98,198	73,248
	_______	_______
	158,491	123,939
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	64,485	57,839
	_______	_______

10. Directors advances, credits and guarantees

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

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Michael Brunton	( 44,228)	( 21,831)	( 66,059)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Michael Brunton	( 55,441)	11,213	( 44,228)
		_______	_______	_______