Company Registration No. 10043769 (England and Wales)
MPH BUILDING SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
MPH BUILDING SERVICES LIMITED
COMPANY INFORMATION
Director
M P Hickford
Company number
10043769
Registered office
23 Cherry Trees
Lower Stondon
Henlow
SG16 6DT
MPH BUILDING SERVICES LIMITED
CONTENTS
Page
Director's report
1
Profit and loss account
2
Balance sheet
3
Notes to the financial statements
4 - 5
The following pages do not form part of the statutory accounts:
Detailed trading and profit and loss account
6 - 7
MPH BUILDING SERVICES LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2018
- 1 -
The director presents his annual report and financial statements for the year ended 31 March 2018.
Principal activities
The principal activity of the company is that of Joinery Installation
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
M P Hickford
Results and dividends
Ordinary dividends were paid amounting to £17,040.
Director's interests
The director's interest in the shares of the company was as stated below:
Ordinary of £1 each
31 March 2018
31 March 2017
M P Hickford
1
1
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
M P Hickford
Director
4 September 2018
MPH BUILDING SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
period
ended
31 March
31 March
2018
2017
Notes
£
£
Turnover
103,080
81,922
Cost of sales
(58,198)
(53,461)
Gross profit
44,882
28,461
Administrative expenses
(21,337)
(14,409)
Operating profit
23,545
14,052
Interest receivable and similar income
5
10
Profit before taxation
23,550
14,062
Taxation
(4,475)
(2,812)
Profit for the financial year
19,075
11,250
MPH BUILDING SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 3 -
2018
2017
Notes
£
£
£
£
Current assets
Stock and work in progress
985
17,633
Cash at bank and in hand
9,363
1,765
10,348
19,398
Creditors: amounts falling due within one year
2
(8,087)
(19,172)
Net current assets
2,261
226
Capital and reserves
Called up share capital
3
1
1
Profit and loss reserves
2,260
225
Total equity
2,261
226
For the financial year ended 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 4 September 2018
M P Hickford
Director
Company Registration No. 10043769
MPH BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 4 -
1
Accounting policies
Company information
MPH Building Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
23 Cherry Trees, Lower Stondon, Henlow, SG16 6DT.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 March 2018
are the
first
financial statements of MPH Building Services Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 4 March 2016. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Stocks
Stocks
are stated at the lower of cost and
estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.4
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2
Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
4,475
2,812
Other creditors
3,612
16,360
8,087
19,172
MPH BUILDING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 5 -
3
Called up share capital
2018
2017
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
1 Ordinary of £1 each
1
1
MPH BUILDING SERVICES LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2018
- 6 -
Period
ended
31 March
31 March
2018
2017
£
£
£
£
Turnover
Work done
103,080
81,922
Cost of sales
Opening stock and work in progress
17,633
-
Materials and tools
28,511
67,668
Closing stock and work in progress
(985)
(17,633)
Subcontracted services
10,695
2,529
Waste disposal
2,344
74
Equipment hire
-
823
(58,198)
(53,461)
Gross profit
44,882
28,461
Administrative expenses
(21,337)
(14,409)
Operating profit
23,545
14,052
Investment revenues
Bank interest received
5
10
5
10
Profit before taxation
23,550
14,062
MPH BUILDING SERVICES LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MARCH 2018
- 7 -
Period
ended
31 March
31 March
2018
2017
£
£
Administrative expenses
Wages
-
1,750
Directors' remuneration
8,160
6,700
Repairs and renewals
625
582
Computer accessories
142
117
Vehicle leasing
4,308
-
Motor and travel expenses
4,610
3,581
Subscriptions and fees
464
-
Accountancy
840
840
Bank charges
240
200
Insurances
78
-
Printing, postage and stationery
78
59
Advertising and promotion
719
24
Telephone and fax
220
185
Mobile telephone
840
358
Sundry expenses
13
13
21,337
14,409