Manufacturing Business Solutions Limited - Period Ending 2023-03-31
Manufacturing Business Solutions Limited - Period Ending 2023-03-31
Registration number:
Manufacturing Business Solutions Limited
for the Period from 1 November 2021 to 31 March 2023
Manufacturing Business Solutions Limited
Contents
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Statement of Financial Position |
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Notes to the Financial Statements |
Manufacturing Business Solutions Limited
(Registration number: 03764190)
Statement of Financial Position as at 31 March 2023
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Note |
2023 |
2021 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
(11,799) |
(9,539) |
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Shareholders' deficit |
(11,699) |
(9,439) |
For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
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Manufacturing Business Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2021 to 31 March 2023
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
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.
Tangible assets
Tangible assets are stated in the statement of financial position 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.
Manufacturing Business Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2021 to 31 March 2023
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:
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Asset class |
Depreciation method and rate |
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Fixtures and Fittings |
15% reducing balance |
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Computer Equipment |
33.33% straight line |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 November 2021 |
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At 31 March 2023 |
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Depreciation |
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At 1 November 2021 |
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Charge for the period |
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At 31 March 2023 |
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Carrying amount |
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At 31 March 2023 |
- |
- |
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At 31 October 2021 |
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Debtors |
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2023 |
2021 |
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Trade debtors |
- |
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- |
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Manufacturing Business Solutions Limited
Notes to the Financial Statements for the Period from 1 November 2021 to 31 March 2023
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Creditors |
Creditors: amounts falling due within one year
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Note |
2023 |
2021 |
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Due within one year |
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Director's loan account |
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Accruals and deferred income |
- |
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