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REGISTERED NUMBER: 07627682 (England and Wales)














Financial Statements for the Year Ended 31 March 2023

for

M & M Installations Limited

M & M Installations Limited (Registered number: 07627682)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M & M Installations Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M Spendlove





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 07627682 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

M & M Installations Limited (Registered number: 07627682)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,013 5,980

CURRENT ASSETS
Debtors 5 56,340 63,616
Cash at bank 2,257 10,673
58,597 74,289
CREDITORS
Amounts falling due within one year 6 39,026 41,802
NET CURRENT ASSETS 19,571 32,487
TOTAL ASSETS LESS CURRENT LIABILITIES 24,584 38,467

CREDITORS
Amounts falling due after more than one
year

7

23,922

37,908
NET ASSETS 662 559

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 661 558
SHAREHOLDERS' FUNDS 662 559

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 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.

M & M Installations Limited (Registered number: 07627682)

Statement of Financial Position - 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 director and authorised for issue on 22 November 2023 and were signed by:





Mr M Spendlove - Director


M & M Installations Limited (Registered number: 07627682)

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

1. STATUTORY INFORMATION

M & M Installations 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.

Changes in accounting estimates
During the year, the company changed its depreciation policy estimates for motor vehicles and computer equipment from 15% reducing balance basis and 20% reducing balance basis (respectively) to 25% reducing balance basis.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% 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 statement of financial position date.

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.

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 2 (2022 - 2 ) .

M & M Installations Limited (Registered number: 07627682)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 422 22,650 909 23,981
Additions - 11,750 - 11,750
Disposals - (26,650 ) - (26,650 )
At 31 March 2023 422 7,750 909 9,081
DEPRECIATION
At 1 April 2022 263 16,917 821 18,001
Charge for year 24 2,938 22 2,984
Eliminated on disposal - (16,917 ) - (16,917 )
At 31 March 2023 287 2,938 843 4,068
NET BOOK VALUE
At 31 March 2023 135 4,812 66 5,013
At 31 March 2022 159 5,733 88 5,980

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 11,750
At 31 March 2023 11,750
DEPRECIATION
Charge for year 2,938
At 31 March 2023 2,938
NET BOOK VALUE
At 31 March 2023 8,812

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Other debtors 56,340 5,512

Amounts falling due after more than one year:
Other debtors - 58,104

Aggregate amounts 56,340 63,616

M & M Installations Limited (Registered number: 07627682)

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
£    £   
Bank loans and overdrafts 14,619 5,800
Hire purchase contracts 2,998 -
Taxation and social security 19,470 32,179
Other creditors 1,939 3,823
39,026 41,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 12,567 22,432
Hire purchase contracts 5,602 3,335
Other creditors 5,753 12,141
23,922 37,908

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the year end date the director's current account was overdrawn by £55,829. the market rate of interest was charged on the loan and the loan was repaid with 9 months of the yearend date.

9. RELATED PARTY DISCLOSURES

The director Mr M Spendlove is considered to be key management personnel.