Company Registration No. 11205633 (England and Wales)
MJC Construction (Midlands) Ltd
Unaudited accounts
for the year ended 28 February 2023
MJC Construction (Midlands) Ltd
Unaudited accounts
Contents
MJC Construction (Midlands) Ltd
Company Information
for the year ended 28 February 2023
Company Number
11205633 (England and Wales)
Registered Office
34 Foxes Way
Warwick
CV34 6AY
England
Accountants
JS Accountancy Services
Measham Business Centre
56 High Street/Queens Street
Measham
Derbyshire
DE12 7HZ
MJC Construction (Midlands) Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
43,658
63,661
Cash at bank and in hand
114,747
72,952
Creditors: amounts falling due within one year
(107,322)
(76,118)
Net current assets/(liabilities)
22,616
(3,166)
Total assets less current liabilities
66,274
60,495
Creditors: amounts falling due after more than one year
(59,021)
(54,497)
Called up share capital
100
100
Profit and loss account
7,153
5,898
Shareholders' funds
7,253
5,998
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Mr M Compton
Director
Company Registration No. 11205633
MJC Construction (Midlands) Ltd
Notes to the Accounts
for the year ended 28 February 2023
MJC Construction (Midlands) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11205633. The registered office is 34 Foxes Way, Warwick, CV34 6AY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25 % reducing balance
MJC Construction (Midlands) Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
16,520
86,631
103,151
Disposals
-
(52,670)
(52,670)
At 28 February 2023
16,520
68,012
84,532
At 1 March 2022
6,688
32,802
39,490
Charge for the year
2,458
12,094
14,552
On disposals
-
(13,168)
(13,168)
At 28 February 2023
9,146
31,728
40,874
At 28 February 2023
7,374
36,284
43,658
At 28 February 2022
9,832
53,829
63,661
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,360
6,360
Obligations under finance leases and hire purchase contracts
13,987
13,162
Trade creditors
37,853
14,691
Taxes and social security
36,762
26,517
Loans from directors
-
154
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
46,750
36,632
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
MJC Construction (Midlands) Ltd
Notes to the Accounts
for the year ended 28 February 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).