Company registration number 06793606 (England and Wales)
M K ANDREWS CONCRETE PUMPING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
M K ANDREWS CONCRETE PUMPING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
M K ANDREWS CONCRETE PUMPING LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,620,255
1,043,056
Current assets
Stocks
5,700
6,950
Debtors
4
224,380
78,560
Cash at bank and in hand
74,942
72,850
305,022
158,360
Creditors: amounts falling due within one year
5
(651,945)
(291,926)
Net current liabilities
(346,923)
(133,566)
Total assets less current liabilities
1,273,332
909,490
Creditors: amounts falling due after more than one year
6
(621,821)
(364,710)
Net assets
651,511
544,780
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
651,411
544,680
Total equity
651,511
544,780

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

M K ANDREWS CONCRETE PUMPING LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2023
28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 October 2023 and are signed on its behalf by:
Mrs CA Andrews
Director
Company Registration No. 06793606
M K ANDREWS CONCRETE PUMPING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
1
Accounting policies
Company information

M K Andrews Concrete Pumping Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Cottage, School Lane, Spooner Row, Wymondham, Norfolk, England, NR18 9JP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
- 15% reducing balance
Computers
- 25% straight line
Motor vehicles
- 25% reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

M K ANDREWS CONCRETE PUMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022
1,726,779
Additions
747,777
At 28 February 2023
2,474,556
Depreciation and impairment
At 1 March 2022
683,725
Depreciation charged in the year
170,576
At 28 February 2023
854,301
Carrying amount
At 28 February 2023
1,620,255
At 28 February 2022
1,043,056
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
111,719
78,560
Other debtors
112,661
-
0
224,380
78,560
M K ANDREWS CONCRETE PUMPING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,467
Trade creditors
240,871
56,963
Taxation and social security
7,342
7,691
Other creditors
393,732
216,805
651,945
291,926
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
28,333
37,788
Other creditors
593,488
326,922
621,821
364,710
2023-02-282022-03-01false25 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMrs C A AndrewsMr T E Dighton067936062022-03-012023-02-28067936062023-02-28067936062022-02-2806793606core:OtherPropertyPlantEquipment2023-02-2806793606core:OtherPropertyPlantEquipment2022-02-2806793606core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2806793606core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2806793606core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2806793606core:Non-currentFinancialInstrumentscore:AfterOneYear2022-02-2806793606core:CurrentFinancialInstruments2023-02-2806793606core:CurrentFinancialInstruments2022-02-2806793606core:Non-currentFinancialInstruments2023-02-2806793606core:Non-currentFinancialInstruments2022-02-2806793606core:ShareCapital2023-02-2806793606core:ShareCapital2022-02-2806793606core:RetainedEarningsAccumulatedLosses2023-02-2806793606core:RetainedEarningsAccumulatedLosses2022-02-2806793606bus:Director12022-03-012023-02-2806793606core:PlantMachinery2022-03-012023-02-2806793606core:ComputerEquipment2022-03-012023-02-2806793606core:MotorVehicles2022-03-012023-02-28067936062021-03-012022-02-2806793606core:OtherPropertyPlantEquipment2022-02-2806793606core:OtherPropertyPlantEquipment2022-03-012023-02-2806793606core:WithinOneYear2023-02-2806793606core:WithinOneYear2022-02-2806793606bus:PrivateLimitedCompanyLtd2022-03-012023-02-2806793606bus:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806793606bus:FRS1022022-03-012023-02-2806793606bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2806793606bus:Director22022-03-012023-02-2806793606bus:FullAccounts2022-03-012023-02-28xbrli:purexbrli:sharesiso4217:GBP