Company Registration No. 05368939 (England and Wales)
MB Distribution (Blackburn) Limited
Unaudited accounts
for the year ended 28 February 2017
MB Distribution (Blackburn) Limited
Unaudited accounts
Contents
MB Distribution (Blackburn) Limited
Company Information
for the year ended 28 February 2017
Directors
Mohsin Bootwala
Siddik Bootwala
Secretary
Mohsin Bootwala
Company Number
05368939 (England and Wales)
Registered Office
UNITS 7 ADHAN TRADING ESTATE
TEMPLE DRIVE
BLACKBURN
BB1 1NE
Accountants
E M Sidat Accountant
Parkview
65 Preston NewRoad
Blackburn
Lanc's
BB2 6AY
MB Distribution (Blackburn) Limited
Statement of financial position
as at
28 February 2017
Tangible assets
18,678
21,545
Inventories
320,430
316,450
Cash at bank and in hand
124,580
28,895
Creditors: amounts falling due within one year
(362,795)
(291,815)
Net current assets
87,539
75,111
Net assets
106,217
96,656
Called up share capital
1,000
1,000
Profit and loss account
105,217
95,656
Shareholders' funds
106,217
96,656
For the year ending 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 November 2017.
Mohsin Bootwala
Director
Company Registration No. 05368939
MB Distribution (Blackburn) Limited
Notes to the Accounts
for the year ended 28 February 2017
MB Distribution (Blackburn) Limited is a private company, limited by shares, registered in England and Wales, registration number 05368939. The registered office is UNITS 7 ADHAN TRADING ESTATE, TEMPLE DRIVE, BLACKBURN, BB1 1NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
MB Distribution (Blackburn) Limited
Notes to the Accounts
for the year ended 28 February 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2016
63,353
8,675
72,028
At 28 February 2017
63,353
10,124
73,477
At 1 March 2016
45,923
4,560
50,483
Charge for the year
3,481
835
4,316
At 28 February 2017
49,404
5,395
54,799
At 28 February 2017
13,949
4,729
18,678
At 29 February 2016
17,430
4,115
21,545
Finished goods
320,430
316,450
Trade debtors
2,301
18,213
Accrued income and prepayments
3,023
1,467
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
331,486
271,472
Taxes and social security
14,077
5,806
Loans from directors
17,232
14,172
8
Share capital
2017
2016
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).