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REGISTERED NUMBER: 12361625 (England and Wales)















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: Mr C J Makinson





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 12361625 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
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 - 7,707

CURRENT ASSETS
Debtors 5 1,333 475
Cash at bank 3,146 5,857
4,479 6,332
CREDITORS
Amounts falling due within one year 6 4,379 3,182
NET CURRENT ASSETS 100 3,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

10,857

CREDITORS
Amounts falling due after more than one
year

7

-

(6,500

)

PROVISIONS FOR LIABILITIES - (1,464 )
NET ASSETS 100 2,893

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings - 2,793
100 2,893

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

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

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


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 director and authorised for issue on 8th July 2023 and were signed by:





Mr C J Makinson - Director


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 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st January 2023 17,774
Disposals (17,774 )
At 31st May 2023 -
DEPRECIATION
At 1st January 2023 10,067
Eliminated on disposal (10,067 )
At 31st May 2023 -
NET BOOK VALUE
At 31st May 2023 -
At 31st December 2022 7,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.12.22
£    £   
Directors' current accounts 1,333 -
Prepayments - 475
1,333 475

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 - 357
Tax 1,088 241
Social security and other taxes 2,091 576
Directors' current accounts - 730
Accrued expenses 1,200 1,278
4,379 3,182

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 Mr C J Makinson.