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REGISTERED NUMBER: 10667577 (England and Wales)













REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MAYFLY CONSTRUCTION LIMITED

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


MAYFLY CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTORS: J F A Fawcett
S M Lindsey-Clark





REGISTERED OFFICE: St Helier
Sandy Lane
Rushmoor
Farnham
Surrey
GU10 2EU





REGISTERED NUMBER: 10667577 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 March 2023


The directors present their report with the financial statements of the company for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

J F A Fawcett
S M Lindsey-Clark

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J F A Fawcett - Director


8 November 2023

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

INCOME STATEMENT
FOR THE YEAR ENDED 31 March 2023

2023 2022
Notes £    £   

TURNOVER 949,181 993,064

Cost of sales 756,596 812,815
GROSS PROFIT 192,585 180,249

Administrative expenses 93,991 88,357
OPERATING PROFIT 4 98,594 91,892


Interest payable and similar expenses 2,585 935
PROFIT BEFORE TAXATION 96,009 90,957

Tax on profit 18,242 16,707
PROFIT FOR THE FINANCIAL YEAR 77,767 74,250

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,139 23,853

CURRENT ASSETS
Stocks 41,806 38,208
Debtors 6 56,754 75,719
Cash at bank 44,909 34,340
143,469 148,267
CREDITORS
Amounts falling due within one year 7 127,867 128,939
NET CURRENT ASSETS 15,602 19,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,741

43,181

CREDITORS
Amounts falling due after more than one year 8 (20,833 ) (30,833 )

PROVISIONS FOR LIABILITIES (2,496 ) (3,703 )
NET ASSETS 5,412 8,645

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 5,410 8,643
5,412 8,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

BALANCE SHEET - continued
31 March 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





S M Lindsey-Clark - Director


MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023


1. STATUTORY INFORMATION

Mayfly Construction Limited 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.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 4,380 4,901

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 60,233 623 60,856
Disposals (18,701 ) (623 ) (19,324 )
At 31 March 2023 41,532 - 41,532
DEPRECIATION
At 1 April 2022 36,797 206 37,003
Charge for year 4,380 - 4,380
Eliminated on disposal (12,784 ) (206 ) (12,990 )
At 31 March 2023 28,393 - 28,393
NET BOOK VALUE
At 31 March 2023 13,139 - 13,139
At 31 March 2022 23,436 417 23,853

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 29,547
Transfer to ownership (29,547 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 20,198
Transfer to ownership (20,198 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 9,349

MAYFLY CONSTRUCTION LIMITED (REGISTERED NUMBER: 10667577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,500 28,580
Other debtors 50,254 47,139
56,754 75,719

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 4,929
Trade creditors 82,775 85,965
Taxation and social security 31,338 24,677
Other creditors 3,754 3,368
127,867 128,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,833 30,833

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 4,929