IRIS Accounts Production v23.3.1.45 08083665 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080836652022-05-31080836652023-05-31080836652022-06-012023-05-31080836652021-05-31080836652021-06-012022-05-31080836652022-05-3108083665ns10:Originalns15:EnglandWales2022-06-012023-05-3108083665ns14:PoundSterlingns10:Original2022-06-012023-05-3108083665ns10:Originalns10:Director12022-06-012023-05-3108083665ns10:Original2022-06-012023-05-3108083665ns10:Originalns10:Director22022-06-012023-05-3108083665ns10:Original2023-05-3108083665ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108083665ns10:Originalns10:SmallEntities2022-06-012023-05-3108083665ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108083665ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108083665ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108083665ns10:Originalns10:FullAccounts2022-06-012023-05-3108083665ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108083665ns10:Original2022-05-3108083665ns10:Originalns5:CurrentFinancialInstruments2023-05-3108083665ns10:Originalns5:CurrentFinancialInstruments2022-05-3108083665ns5:ShareCapitalns10:Original2023-05-3108083665ns5:ShareCapitalns10:Original2022-05-3108083665ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108083665ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108083665ns10:Originalns5:PlantMachinery2022-06-012023-05-3108083665ns10:Original2021-06-012022-05-3108083665ns10:Originalns5:PlantMachinery2022-05-3108083665ns10:Originalns5:PlantMachinery2023-05-3108083665ns10:Originalns5:PlantMachinery2022-05-3108083665ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108083665ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3108083665ns10:Original1ns10:Director12022-05-3108083665ns10:Original1ns10:Director12021-05-3108083665ns10:Original1ns10:Director12022-06-012023-05-3108083665ns10:Original1ns10:Director12021-06-012022-05-3108083665ns10:Original1ns10:Director12023-05-3108083665ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: 08083665 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

M H BUILDING CONTRACTORS LIMITED

M H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M H BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M K Herd
Mrs S L Clifford





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 08083665 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

M H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,752 24,108

CURRENT ASSETS
Stocks 52,486 41,998
Debtors 5 21,687 33,496
Cash at bank 399,963 319,645
474,136 395,139
CREDITORS
Amounts falling due within one year 6 45,073 37,428
NET CURRENT ASSETS 429,063 357,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,815

381,819

PROVISIONS FOR LIABILITIES 3,413 4,581
NET ASSETS 470,402 377,238

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 470,382 377,218
SHAREHOLDERS' FUNDS 470,402 377,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)

BALANCE SHEET - continued
31ST MAY 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 6th October 2023 and were signed on its behalf by:




M K Herd - Director



Mrs S L Clifford - Director


M H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

M H Building Contractors 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

M H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 44,187
Additions 28,500
At 31st May 2023 72,687
DEPRECIATION
At 1st June 2022 20,079
Charge for year 7,856
At 31st May 2023 27,935
NET BOOK VALUE
At 31st May 2023 44,752
At 31st May 2022 24,108

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,825 21,568
Other debtors 4,862 11,928
21,687 33,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,469 1,509
Taxation and social security 32,468 28,614
Other creditors 9,136 7,305
45,073 37,428

7. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - -

M H BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 08083665)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
M K Herd
Balance outstanding at start of year (5,605 ) (5,085 )
Amounts repaid (520 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,125 ) (5,605 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr M K Herd and Mrs S L Herd jointly.