REGISTERED NUMBER: 13138879 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

M.N.S CIVILS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Sheridan

M J Sheridan

REGISTERED OFFICE:

12 De Vere Garden

Woodthorpe

Nottingham

Nottinghamshire

NG5 4PH

REGISTERED NUMBER:

13138879 (England and Wales)

FIXED ASSETS

Tangible assets

4

210,496

37,686

CURRENT ASSETS

Debtors

5

27,091

27,173

Cash at bank and in hand

205,868

71,594

232,959

98,767

CREDITORS

Amounts falling due within one year

6

129,094

75,283

NET CURRENT ASSETS

103,865

23,484

TOTAL ASSETS LESS CURRENT LIABILITIES

314,361

61,170

CREDITORS

Amounts falling due after more than one year

7

(115,722

)

(12,438

)

PROVISIONS FOR LIABILITIES

(39,994

)

(7,160

)

NET ASSETS

158,645

41,572

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

158,545

41,472

SHAREHOLDERS' FUNDS

158,645

41,572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2023 and were signed on its behalf by:

N J Sheridan - Director

M J Sheridan - Director

1.	STATUTORY INFORMATION

M.N.S Civils Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2022

50,249

Additions

213,681

At 31st January 2023

263,930

DEPRECIATION

At 1st February 2022

12,563

Charge for year

62,970

Transfer to ownership

(22,099

)

At 31st January 2023

53,434

NET BOOK VALUE

At 31st January 2023

210,496

At 31st January 2022

37,686

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st February 2022

19,363

Additions

180,500

At 31st January 2023

199,863

DEPRECIATION

At 1st February 2022

4,841

Charge for year

48,755

Transfer to ownership

(22,099

)

At 31st January 2023

31,497

NET BOOK VALUE

At 31st January 2023

168,366

At 31st January 2022

14,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

27,091

27,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

46,086

3,698

Taxation and social security

14,693

18,486

Other creditors

68,315

53,099

129,094

75,283

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

115,722

12,438

8.	RELATED PARTY DISCLOSURES

M J Sheridan and N J Sheridan

Directors

During the period a loan account subsisted with the directors. During the period £37,880 was advanced to the company and £22,664 was repaid by the company. The balance due to the directors at the period end was £68,168. The loan is under no specific repayment terms. A commercial rate of interest is charged on the loan.