MPH Building Systems Limited 03905669 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the manufacture and supply of temporary buildings. Digita Accounts Production Advanced 6.30.9574.0 true 03905669 2022-06-01 2023-05-31 03905669 2023-05-31 03905669 core:CapitalRedemptionReserve 2023-05-31 03905669 core:RetainedEarningsAccumulatedLosses 2023-05-31 03905669 core:ShareCapital 2023-05-31 03905669 core:CurrentFinancialInstruments 2023-05-31 03905669 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 03905669 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 03905669 core:MoreThanFiveYears 1 2023-05-31 03905669 core:FurnitureFittingsToolsEquipment 2023-05-31 03905669 core:MotorVehicles 2023-05-31 03905669 core:OtherPropertyPlantEquipment 2023-05-31 03905669 bus:SmallEntities 2022-06-01 2023-05-31 03905669 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 03905669 bus:FullAccounts 2022-06-01 2023-05-31 03905669 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 03905669 bus:RegisteredOffice 2022-06-01 2023-05-31 03905669 bus:Director3 2022-06-01 2023-05-31 03905669 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 03905669 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 03905669 core:MotorVehicles 2022-06-01 2023-05-31 03905669 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 03905669 core:PlantMachinery 2022-06-01 2023-05-31 03905669 countries:England 2022-06-01 2023-05-31 03905669 2022-05-31 03905669 core:FurnitureFittingsToolsEquipment 2022-05-31 03905669 core:MotorVehicles 2022-05-31 03905669 core:OtherPropertyPlantEquipment 2022-05-31 03905669 2021-06-01 2022-05-31 03905669 2022-05-31 03905669 core:CapitalRedemptionReserve 2022-05-31 03905669 core:RetainedEarningsAccumulatedLosses 2022-05-31 03905669 core:ShareCapital 2022-05-31 03905669 core:CurrentFinancialInstruments 2022-05-31 03905669 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 03905669 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 03905669 core:MoreThanFiveYears 1 2022-05-31 03905669 core:FurnitureFittingsToolsEquipment 2022-05-31 03905669 core:MotorVehicles 2022-05-31 03905669 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 03905669

MPH Building Systems Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

MPH Building Systems Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

MPH Building Systems Limited

Balance Sheet

as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

155,778

175,865

Investment property

5

976,147

976,147

 

1,131,925

1,152,012

Current assets

 

Stocks

4,250

4,250

Debtors

6

376,672

519,317

Cash at bank and in hand

 

627,231

499,549

 

1,008,153

1,023,116

Creditors: Amounts falling due within one year

7

(798,815)

(684,152)

Net current assets

 

209,338

338,964

Total assets less current liabilities

 

1,341,263

1,490,976

Creditors: Amounts falling due after more than one year

7

(3,993)

(422,250)

Provisions for liabilities

(30,302)

(33,496)

Net assets

 

1,306,968

1,035,230

Capital and reserves

 

Allotted, called up and fully paid share capital

350

350

Capital redemption reserve

650

650

Profit and loss account

1,305,968

1,034,230

Shareholders' funds

 

1,306,968

1,035,230

Registration number: 03905669

 

MPH Building Systems Limited

Balance Sheet

as at 31 May 2023 (continued)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 October 2023
 

.........................................
Mr J M Hunt
Director

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 03905669.

The address of its registered office is:
Hoyers Industrial Estate
517 Leeds Road
Huddersfield
West Yorkshire
HD2 1YJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% per annum on a reducing balance basis and 33.3% per annum on a straight line basis

Motor vehicles

25% per annum on a straight line basis

Buildings for hire

not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the director. Any surplus or deficit is transferred to the revaluation reserve.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Hire purchase agreements are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are capitalised and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension obligation

The company operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 8 (2022 - 8).

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023 (continued)

4

Tangible assets

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Buildings for hire
 £

Total
£

Cost

At 1 June 2022

158,735

67,890

66,500

293,125

Additions

2,248

32,482

-

34,730

Disposals

-

-

(30,000)

(30,000)

At 31 May 2023

160,983

100,372

36,500

297,855

Depreciation

At 1 June 2022

94,642

22,618

-

117,260

Charge for the year

9,932

14,885

-

24,817

At 31 May 2023

104,574

37,503

-

142,077

Net book value

At 31 May 2023

56,409

62,869

36,500

155,778

At 31 May 2022

64,093

45,272

66,500

175,865

5

Investment property

2023
£

At 1 June 2022

976,147

At 31 May 2023

976,147

The properties were acquired at open market value in June 2021. They are stated at cost and the director is of the opinion that this reflects their fair value.

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023 (continued)

6

Debtors

Current

2023
£

2022
£

Trade debtors

284,428

465,068

Prepayments and accrued income

92,244

54,249

 

376,672

519,317

7

Creditors

2023
£

2022
£

Due within one year

Bank borrowings

-

42,268

HP and finance lease liabilities

3,770

3,547

Trade creditors

117,039

378,017

Director's loan account

760

446

Taxation and social security

176,312

60,521

Accruals and deferred income

354,418

175,133

Corporation tax

146,516

24,220

798,815

684,152


 

Creditors include a bank loan of £Nil which is secured (2022 - £42,268).

 

MPH Building Systems Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 May 2023 (continued)

7

Creditors (continued)

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Bank borrowings

-

414,487

HP and finance lease liabilities

3,993

7,763

3,993

422,250

2023
£

2022
£

Due after more than five years

After more than five years by instalments

-

234,088

-

-

Creditors include a bank loan of £Nil which is secured (2022 - £414,487).

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £5,142 (2022 - £37,665).