Montagu Builders Limited |
Notes to the Accounts |
for the period from 1 June 2022 to 31 August 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
20% reducing balance |
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Motor vehicles |
25% reducing balance |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 June 2022 |
6,293 |
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10,670 |
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16,963 |
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Disposals |
- |
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(10,670) |
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(10,670) |
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At 31 August 2023 |
6,293 |
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- |
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6,293 |
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Depreciation |
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At 1 June 2022 |
6,137 |
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6,716 |
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12,853 |
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Charge for the period |
156 |
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1,561 |
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1,717 |
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On disposals |
- |
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(8,277) |
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(8,277) |
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At 31 August 2023 |
6,293 |
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- |
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6,293 |
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Net book value |
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At 31 August 2023 |
- |
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- |
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- |
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At 31 May 2022 |
156 |
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3,954 |
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4,110 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Corporation tax |
(439) |
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5,410 |
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Other creditors |
43,284 |
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27,021 |
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42,845 |
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32,431 |
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5 |
Other information |
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Montagu Builders Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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78 Westminster Way |
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Botley |
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Oxford |
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Oxon |
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OX2 0LW |