MBV Trucks Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06744580 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

MBV TRUCKS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Tittensor

REGISTERED OFFICE:

Soverign Enterprise Park

3 Aubrey Street, off King William Street

Salford Quays

Manchester

Greater Manchester

M50 3UP

REGISTERED NUMBER:

06744580 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

3 Mellor Road

Cheadle Hulme

Cheadle

Cheshire

SK8 5AT

FIXED ASSETS

Tangible assets

4

29,968

37,502

CURRENT ASSETS

Stocks

433,700

201,850

Debtors

52,017

42,660

Cash at bank and in hand

372,227

564,864

857,944

809,374

CREDITORS

Amounts falling due within one year

(168,403

)

(266,041

)

NET CURRENT ASSETS

689,541

543,333

TOTAL ASSETS LESS CURRENT LIABILITIES

719,509

580,835

CREDITORS

Amounts falling due after more than one year

(3,743

)

(8,750

)

PROVISIONS FOR LIABILITIES

(5,694

)

(7,501

)

NET ASSETS

710,072

564,584

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

710,068

564,580

SHAREHOLDERS' FUNDS

710,072

564,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2023 and were signed by:

A Tittensor - Director

1.	STATUTORY INFORMATION

MBV Trucks 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

Turnover 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2021

79,538

Additions

965

At 30 November 2022

80,503

DEPRECIATION

At 1 December 2021

42,036

Charge for year

8,499

At 30 November 2022

50,535

NET BOOK VALUE

At 30 November 2022

29,968

At 30 November 2021

37,502

5.	ULTIMATE CONTROLLING PARTY

The controlling party is A Tittensor.