IRIS Accounts Production v23.3.0.418 13442549 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134425492022-06-30134425492023-06-30134425492022-07-012023-06-30134425492021-06-06134425492021-06-072022-06-30134425492022-06-3013442549ns10:Originalns15:EnglandWales2022-07-012023-06-3013442549ns14:PoundSterlingns10:Original2022-07-012023-06-3013442549ns10:Originalns10:Director12022-07-012023-06-3013442549ns10:Original2022-07-012023-06-3013442549ns10:Original2023-06-3013442549ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3013442549ns10:Originalns10:SmallEntities2022-07-012023-06-3013442549ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3013442549ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3013442549ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3013442549ns10:Originalns10:FullAccounts2022-07-012023-06-3013442549ns10:Originalns10:RegisteredOffice2022-07-012023-06-3013442549ns10:Original2022-06-3013442549ns10:Originalns5:CurrentFinancialInstruments2023-06-3013442549ns10:Originalns5:CurrentFinancialInstruments2022-06-3013442549ns10:Originalns5:Non-currentFinancialInstruments2023-06-3013442549ns10:Originalns5:Non-currentFinancialInstruments2022-06-3013442549ns5:ShareCapitalns10:Original2023-06-3013442549ns5:ShareCapitalns10:Original2022-06-3013442549ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3013442549ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3013442549ns10:Originalns5:PlantMachinery2022-07-012023-06-3013442549ns10:Originalns5:MotorVehicles2022-07-012023-06-3013442549ns10:Originalns5:ComputerEquipment2022-07-012023-06-3013442549ns10:Original2021-06-072022-06-3013442549ns10:Originalns5:PlantMachinery2022-06-3013442549ns10:Originalns5:MotorVehicles2022-06-3013442549ns10:Originalns5:ComputerEquipment2022-06-3013442549ns10:Original2022-06-3013442549ns10:Originalns5:PlantMachinery2023-06-3013442549ns10:Originalns5:MotorVehicles2023-06-3013442549ns10:Originalns5:ComputerEquipment2023-06-3013442549ns10:Originalns5:PlantMachinery2022-06-3013442549ns10:Originalns5:MotorVehicles2022-06-3013442549ns10:Originalns5:ComputerEquipment2022-06-3013442549ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3013442549ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-06-30
REGISTERED NUMBER: 13442549 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

MJD Contracting Ltd

MJD Contracting Ltd (Registered number: 13442549)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJD Contracting Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M J Daubney





REGISTERED OFFICE: 59 Abbotts Road
Scunthorpe
North Lincolnshire
DN17 1JG





REGISTERED NUMBER: 13442549 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

MJD Contracting Ltd (Registered number: 13442549)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,685 19,664

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 2,219 -
Cash at bank 12,726 14,395
17,445 16,895
CREDITORS
Amounts falling due within one year 6 9,412 9,810
NET CURRENT ASSETS 8,033 7,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,718

26,749

CREDITORS
Amounts falling due after more than one
year

7

(12,544

)

-

PROVISIONS FOR LIABILITIES (7,161 ) (3,736 )
NET ASSETS 26,013 23,013

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,012 23,012
26,013 23,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MJD Contracting Ltd (Registered number: 13442549)

Balance Sheet - continued
30 June 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 director and authorised for issue on 20 October 2023 and were signed by:





M J Daubney - Director


MJD Contracting Ltd (Registered number: 13442549)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

MJD Contracting 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MJD Contracting Ltd (Registered number: 13442549)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 13,120 11,350 - 24,470
Additions 5,718 22,124 554 28,396
At 30 June 2023 18,838 33,474 554 52,866
DEPRECIATION
At 1 July 2022 1,968 2,838 - 4,806
Charge for year 2,531 7,659 185 10,375
At 30 June 2023 4,499 10,497 185 15,181
NET BOOK VALUE
At 30 June 2023 14,339 22,977 369 37,685
At 30 June 2022 11,152 8,512 - 19,664

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 22,124
At 30 June 2023 22,124
DEPRECIATION
Charge for year 5,531
At 30 June 2023 5,531
NET BOOK VALUE
At 30 June 2023 16,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 2,219 -

MJD Contracting Ltd (Registered number: 13442549)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 3,882 -
Tax 1,513 2,688
VAT 3,360 1,949
Directors' current accounts 58 4,573
Accrued expenses 599 600
9,412 9,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 12,544 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,500 (2022 - £7,000) were paid to the director .

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Daubney.

At the balance sheet date the amount owed to the director by the company was £58 (2022 - £4,573).