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REGISTERED NUMBER: 03897269 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2023

for

M & P Contractors Wales Limited

M & P Contractors Wales Limited (Registered number: 03897269)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & P Contractors Wales Limited

Company Information
for the Year Ended 31 March 2023







Directors: M T Huntley
J P Huntley
R P Davies
N P Huntley
J M Huntley
J G Huntley
J T Huntley





Secretary: P R Davies





Registered office: M & P House
6 Cambrian Industrial Estate
Clydach Vale
Tonypandy
Rhondda Cynon Taff
CF40 2XX





Registered number: 03897269 (England and Wales)





Accountants: Curtis, Bowden and Thomas Limited
101 Dunraven Street
Tonypandy
Rhondda Cynon Taff
CF40 1AR

M & P Contractors Wales Limited (Registered number: 03897269)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 132,650 127,198

Current assets
Debtors 5 1,784,547 2,039,448
Cash at bank 1,450,082 1,146,366
3,234,629 3,185,814
Creditors
Amounts falling due within one year 6 405,629 634,439
Net current assets 2,829,000 2,551,375
Total assets less current liabilities 2,961,650 2,678,573

Creditors
Amounts falling due after more than one
year

7

(13,099

)

(16,816

)

Provisions for liabilities (18,343 ) (16,740 )
Net assets 2,930,208 2,645,017

Capital and reserves
Called up share capital 200 200
Retained earnings 2,930,008 2,644,817
Shareholders' funds 2,930,208 2,645,017

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.

M & P Contractors Wales Limited (Registered number: 03897269)

Balance Sheet - continued
31 March 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





M T Huntley - Director


M & P Contractors Wales Limited (Registered number: 03897269)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

M & P Contractors Wales 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
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 8 (2022 - 8 ) .

M & P Contractors Wales Limited (Registered number: 03897269)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 April 2022 39,757 43,640 93,101
Additions - - -
At 31 March 2023 39,757 43,640 93,101
Depreciation
At 1 April 2022 38,429 32,808 80,971
Charge for year 442 2,708 3,032
At 31 March 2023 38,871 35,516 84,003
Net book value
At 31 March 2023 886 8,124 9,098
At 31 March 2022 1,328 10,832 12,130

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 April 2022 251,715 48,612 476,825
Additions 40,350 3,341 43,691
At 31 March 2023 292,065 51,953 520,516
Depreciation
At 1 April 2022 158,754 38,665 349,627
Charge for year 29,126 2,931 38,239
At 31 March 2023 187,880 41,596 387,866
Net book value
At 31 March 2023 104,185 10,357 132,650
At 31 March 2022 92,961 9,947 127,198

5. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Trade debtors 1,007,710 1,309,753
Other debtors 776,837 729,695
1,784,547 2,039,448

M & P Contractors Wales Limited (Registered number: 03897269)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Hire purchase contracts 3,717 3,717
Trade creditors 195,689 532,217
Taxation and social security 206,223 98,505
405,629 634,439

7. Creditors: amounts falling due after more than one year
31.3.23 31.3.22
£    £   
Hire purchase contracts 13,099 16,816

8. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
M T Huntley
Balance outstanding at start of year 547,943 782,456
Amounts advanced - 65,487
Amounts repaid - (300,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 547,943 547,943

9. Related party disclosures

Mr M Huntley and Mr J M Huntley are also directors of Huntley Trade Specialists Limited with which M & P Contractors Wales Limited entered into transactions totalling £1,735,821 (2022 : £3,140,772) All of these transactions were undertaken on a commercial basis.

Mr M T Huntley and Mr J T Huntley are also directors of Cambrian Trade Specialists Limited to which a loan of £20,000 has been made during the year. This is an interest free loan repayable on demand and is included in other debtors in the accounts.

10. Ultimate controlling party

The controlling party is M T Huntley.