Registered number: 08078779 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
9M Construction Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Northants | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08078779 | ||||||||
ACCOUNTANTS | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
9M Construction Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
9M Construction Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
127,129 | 190,025 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (12,222) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 34,397 | 46,791 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 1,770 | 2,887 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
9M Construction Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Mrs L V Moriarty | ||||||||||
Director | ||||||||||
9M Construction Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1e. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
9M Construction Limited | ||||||||
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 4 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||||||||
Commercial | ||||||||||||||
Vehicles | Equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 01/04/2022 | 32,726 | 72,207 | 104,933 | |||||||||||
Additions | 16,000 | 16,417 | 32,417 | |||||||||||
At 31/03/2023 | 48,726 | 88,624 | 137,350 | |||||||||||
Depreciation | ||||||||||||||
At 01/04/2022 | 2,219 | 26,289 | 28,508 | |||||||||||
For the year | 10,960 | 14,038 | 24,998 | |||||||||||
At 31/03/2023 | 13,179 | 40,327 | 53,506 | |||||||||||
Net Book Amounts | ||||||||||||||
At 31/03/2023 | 83,844 | |||||||||||||
At 31/03/2022 | 76,425 | |||||||||||||
The depreciation of assets held under hire purchase agreements for the year was £13,516 (2022 : £5,105). The net book value of assets held under hire purchase agreements for the year was £43,214 (2022 : £40,730). | ||||||||||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress | ||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 7,212 | 30,695 | ||||||
Intercompany loans | 1,008 | 648 | ||||||
Prepayments | 2,232 | 980 | ||||||
Directors current account | 29,854 | 24,762 | ||||||
Directors current account | 30,393 | 24,762 | ||||||
70,699 | 81,847 | |||||||
9M Construction Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 9,681 | 6,625 | ||||||
VAT | 39,926 | 30,541 | ||||||
PAYE control | 7,935 | 6,947 | ||||||
Salaries and wages control | 1,516 | 2,048 | ||||||
Bank loans and overdrafts | - | 35,400 | ||||||
Bank Loan | 10,000 | 10,000 | ||||||
Hire purchase | 9,980 | 6,739 | ||||||
Trade creditors | 67,937 | 96,817 | ||||||
Accruals | 11,897 | 7,130 | ||||||
158,872 | 202,247 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 21,667 | 31,667 | ||||||
Hire purchase >1yr | 12,730 | 15,124 | ||||||
34,397 | 46,791 | |||||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 15,930 | 14,521 | ||||||
15,930 | 14,521 | |||||||
9. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||
4 | 4 | |||||||
9M Construction Limited | ||||||||
10. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 6,776 | 3,858 | ||||||
Within two to five years | 4,327 | - | ||||||