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Registered number: 08078779

9M Construction Limited

ACCOUNTS
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
Mr J R Moriarty
Mrs L V Moriarty
Mr A W Moriarty
REGISTERED OFFICE
The Threshing Barn, Heyford Mill
Upper Heyford
Northampton
Northants
NN7 3NE
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 Sheet3
Notes To The Accounts5
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 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets383,84476,425
CURRENT ASSETS
Stock20,500108,178
Debtors570,69981,847
Cash at bank and in hand35,930-
127,129190,025
CREDITORS: Amounts falling due within one year6158,872202,247
NET CURRENT LIABILITIES(31,743)(12,222)
TOTAL ASSETS LESS CURRENT LIABILITIES52,10164,203
CREDITORS: Amounts falling due after more than one year734,39746,791
PROVISIONS FOR LIABILITIES AND CHARGES815,93014,521
NET ASSETS1,7742,891
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account1,7702,887
SHAREHOLDERS' FUNDS1,7742,891

9M Construction Limited

BALANCE SHEET AT 31/03/2023
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 04/10/2023 and signed on their behalf by
.............................
Mr J R Moriarty
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing 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
20232022
No.No.
Average number of employees24
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/202232,72672,207104,933
Additions16,00016,41732,417
At 31/03/202348,72688,624137,350
Depreciation
At 01/04/20222,21926,28928,508
For the year10,96014,03824,998
At 31/03/202313,17940,32753,506
Net Book Amounts
At 31/03/202335,54748,29783,844
At 31/03/202230,50745,91876,425
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 20232022
££
Stock comprises:
Work in progress20,500108,178
20,500108,178
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,21230,695
Intercompany loans1,008648
Prepayments2,232980
Directors current account29,85424,762
Directors current account30,39324,762
70,69981,847

9M Construction Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax9,6816,625
VAT39,92630,541
PAYE control7,9356,947
Salaries and wages control1,5162,048
Bank loans and overdrafts-35,400
Bank Loan10,00010,000
Hire purchase9,9806,739
Trade creditors67,93796,817
Accruals11,8977,130
158,872202,247
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr21,66731,667
Hire purchase >1yr12,73015,124
34,39746,791
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation15,93014,521
15,93014,521
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
2 Ordinary A shares of £1 each22
44

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:
20232022
££
Operating Leases which expire:
Within one year6,7763,858
Within two to five years4,327-