MBTP Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13809851 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2023

for

MBTP Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Burbridge

REGISTERED OFFICE:

4 Tregarne Terrace

St Austell

Cornwall

PL25 4BE

REGISTERED NUMBER:

13809851 (England and Wales)

FIXED ASSETS

Tangible assets

4

40,116

2,411

CURRENT ASSETS

Debtors

8,588

7,303

Cash at bank

5,484

13,974

14,072

21,277

CREDITORS

Amounts falling due within one year

30,963

16,453

NET CURRENT (LIABILITIES)/ASSETS

(16,891

)

4,824

TOTAL ASSETS LESS CURRENT LIABILITIES

23,225

7,235

PROVISIONS FOR LIABILITIES

7,622

458

NET ASSETS

15,603

6,777

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

15,602

6,776

15,603

6,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 31 December 2023 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 16 May 2024 and were signed by:

M J Burbridge - Director

1.	STATUTORY INFORMATION

MBTP Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Equipment

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2023

3,014

Additions

68,553

Disposals

(25,629

)

At 31 December 2023

45,938

DEPRECIATION

At 1 January 2023

603

Charge for year

5,219

At 31 December 2023

5,822

NET BOOK VALUE

At 31 December 2023

40,116

At 31 December 2022

2,411