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REGISTERED NUMBER: 11851628 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

M H Joinery & Property Developments Ltd

M H Joinery & Property Developments Ltd (Registered number: 11851628)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M H Joinery & Property Developments Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M L Hinchliffe
Miss S Howard





SECRETARY:





REGISTERED OFFICE: 20 Oakleigh Avenue
Glen Parva
Leicester
LE2 9TH





REGISTERED NUMBER: 11851628 (England and Wales)





ACCOUNTANTS: SJS Accountancy Services
1 North Street
Wigston
Leicester
LE18 1PS

M H Joinery & Property Developments Ltd (Registered number: 11851628)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,870 20,789

CURRENT ASSETS
Stocks 7,750 5,200
Debtors 5 19,514 35,085
Cash at bank - 1,450
27,264 41,735
CREDITORS
Amounts falling due within one year 6 26,900 25,401
NET CURRENT ASSETS 364 16,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,234

37,123

CREDITORS
Amounts falling due after more than one
year

7

6,970

9,976
NET ASSETS 11,264 27,147

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,164 27,047
SHAREHOLDERS' FUNDS 11,264 27,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

M H Joinery & Property Developments Ltd (Registered number: 11851628)

Balance Sheet - continued
28 February 2023


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 4 October 2023 and were signed on its behalf by:




M L Hinchliffe - Director



Miss S Howard - Director


M H Joinery & Property Developments Ltd (Registered number: 11851628)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

M H Joinery & Property Developments Ltd 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.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

M H Joinery & Property Developments Ltd (Registered number: 11851628)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 34,758
Additions 2,122
At 28 February 2023 36,880
DEPRECIATION
At 1 March 2022 13,969
Charge for year 5,041
At 28 February 2023 19,010
NET BOOK VALUE
At 28 February 2023 17,870
At 28 February 2022 20,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 15,194 2,315
Other debtors 4,320 32,770
19,514 35,085

Other debtors amounting to £4,320 (2022 - £32,770) is represented by prepayments of £1,111 (2022 - £705), accrued income of £Nil (2022 - £29,704) and a PAYE/CIS debtor of £3,209 (2022 - £2,361).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 7,446 4,566
Trade creditors 4,676 5,091
Taxation and social security 9,823 10,264
Other creditors 4,955 5,480
26,900 25,401

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 6,970 9,976