REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st January 2023 to 31st May 2023 |
for |
MAKINSON CONSTRUCTION LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st January 2023 to 31st May 2023 |
for |
MAKINSON CONSTRUCTION LIMITED |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Contents of the Financial Statements |
for the Period 1st January 2023 to 31st May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
MAKINSON CONSTRUCTION LIMITED |
Company Information |
for the Period 1st January 2023 to 31st May 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Balance Sheet |
31st May 2023 |
31.5.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Balance Sheet - continued |
31st May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Notes to the Financial Statements |
for the Period 1st January 2023 to 31st May 2023 |
1. | STATUTORY INFORMATION |
Makinson Construction Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered. |
Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. |
Tangible fixed assets |
Motor vehicles | - |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Taxation |
Taxation for the period 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 period 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. |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Notes to the Financial Statements - continued |
for the Period 1st January 2023 to 31st May 2023 |
2. | ACCOUNTING POLICIES - continued |
Impairment of assets |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
Going concern |
The company has ceased trading since the 31st May 2023. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company's assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Motor |
vehicles |
£ |
COST |
At 1st January 2023 |
Disposals | ( |
) |
At 31st May 2023 |
DEPRECIATION |
At 1st January 2023 |
Eliminated on disposal | ( |
) |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
At 31st December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.12.22 |
£ | £ |
Directors' current accounts | 1,333 | - |
Prepayments |
MAKINSON CONSTRUCTION LIMITED (REGISTERED NUMBER: 12361625) |
Notes to the Financial Statements - continued |
for the Period 1st January 2023 to 31st May 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 31.12.22 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Directors' current accounts | - | 730 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.23 | 31.12.22 |
£ | £ |
Directors loan account | - | 6,500 |
8. | RELATED PARTY DISCLOSURES |
At the 31st May 2023 the company was owed £1,333 from its director (31st December 2022: £7,230 owed to directors). No interest has been charged in respect of this loan. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |