Company Registration No. 05370671 (England and Wales)
MBC BUILDING CONTRACTOR NW LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
MBC BUILDING CONTRACTOR NW LIMITED
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66,908
81,868
Current assets
Debtors
1,280,347
237,774
Cash at bank and in hand
930,144
805,798
2,210,491
1,043,572
Creditors: amounts falling due within one year
(1,093,436)
(333,175)
Net current assets
1,117,055
710,397
Total assets less current liabilities
1,183,963
792,265
Creditors: amounts falling due after more than one year
4
(500,000)
Net assets
683,963
792,265
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
683,763
792,065
Total equity
683,963
792,265
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MBC BUILDING CONTRACTOR NW LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2021
31 March 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 4 November 2021 and are signed on its behalf by:
Mr M Brierley
Director
Company Registration No. 05370671
MBC BUILDING CONTRACTOR NW LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
31 March 2021
- 3 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
12
11
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2020
168,386
Additions
14,295
Disposals
(34,875)
At 31 March 2021
147,806
Depreciation and impairment
At 1 April 2020
86,518
Depreciation charged in the year
17,874
Eliminated in respect of disposals
(23,494)
At 31 March 2021
80,898
Carrying amount
At 31 March 2021
66,908
At 31 March 2020
81,868
MBC BUILDING CONTRACTOR NW LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
31 March 2021
- 4 -
4
Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
500,000