Registered number
02387935
M J HOWARD TECHNICAL SERVICES LIMITED
Filleted Accounts
30 June 2023
M J HOWARD TECHNICAL SERVICES LIMITED
Registered number: 02387935
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 186,937 192,746
Current assets
Stocks 300 300
Debtors 4 40,854 29,881
Cash at bank and in hand 29,705 55,507
70,859 85,688
Creditors: amounts falling due within one year 5 (38,529) (36,582)
Net current assets 32,330 49,106
Net assets 219,267 241,852
Capital and reserves
Called up share capital 50 50
Capital redemption reserve 6 50 50
Profit and loss account 219,167 241,752
Shareholders' funds 219,267 241,852
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Howard
Director
Approved by the board on 7 November 2023
M J HOWARD TECHNICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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:
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 July 2022 169,510 29,047 198,557
At 30 June 2023 169,510 29,047 198,557
Depreciation
At 1 July 2022 - 5,811 5,811
Charge for the year - 5,809 5,809
At 30 June 2023 - 11,620 11,620
Net book value
At 30 June 2023 169,510 17,427 186,937
At 30 June 2022 169,510 23,236 192,746
4 Debtors 2023 2022
£ £
Trade debtors 40,854 29,881
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,146 18,026
Trade creditors 5,861 8,838
Taxation and social security costs 11,060 5,426
Other creditors 6,462 4,292
38,529 36,582
6 Capital redemption reserve 2023 2022
£ £
At 1 July 2022 50 50
At 30 June 2023 50 50
7 Other information
M J HOWARD TECHNICAL SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6, Birch Industrial Park
Park Road
Bury
Lancs
BL9 5BQ
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