Company Registration No. 4563806 (England and Wales)
Mitside Construction Limited
Unaudited accounts
for the year ended 30 November 2022
Mitside Construction Limited
Statement of financial position
as at 30 November 2022
Tangible assets
7,320
5,129
Cash at bank and in hand
150,258
80,375
Creditors: amounts falling due within one year
(429,810)
(181,494)
Net current assets
341,083
195,675
Total assets less current liabilities
348,403
200,804
Provisions for liabilities
Net assets
347,012
199,829
Called up share capital
100
100
Profit and loss account
346,912
199,729
Shareholders' funds
347,012
199,829
For the year ending 30 November 2022 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Graham Pipe
Director
Company Registration No. 4563806
Mitside Construction Limited
Notes to the Accounts
for the year ended 30 November 2022
Mitside Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 4563806. The registered office is UNIT 1E THE SUMMIT, HANWORTH ROAD, SUNBURY ON THAMES, TW16 5DB.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
Computer equipment
15% reducing balance basis
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2021
10,433
3,524
13,957
Additions
1,005
2,478
3,483
At 30 November 2022
11,438
6,002
17,440
At 1 December 2021
6,525
2,303
8,828
Charge for the year
693
599
1,292
At 30 November 2022
7,218
2,902
10,120
At 30 November 2022
4,220
3,100
7,320
At 30 November 2021
3,908
1,221
5,129
Mitside Construction Limited
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Trade debtors
307,538
271,641
Accrued income and prepayments
5,430
4,870
Other debtors
307,667
20,283
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
90,026
22,158
Taxes and social security
52,131
71,990
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Average number of employees
During the year the average number of employees was 9 (2021: 9).