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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
Page
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MJC Construction (Midlands) Ltd Company Information for the year ended 28 February 2023
Director
Mr M Compton
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
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MJC Construction (Midlands) Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,658 
63,661 
Current assets
Debtors
15,191 
- 
Cash at bank and in hand
114,747 
72,952 
129,938 
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)
Net assets
7,253 
5,998 
Capital and reserves
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
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MJC Construction (Midlands) Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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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 
Additions
- 
34,051 
34,051 
Disposals
- 
(52,670)
(52,670)
At 28 February 2023
16,520 
68,012 
84,532 
Depreciation
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 
Net book value
At 28 February 2023
7,374 
36,284 
43,658 
At 28 February 2022
9,832 
53,829 
63,661 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,191 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,360 
6,360 
VAT
9,503 
13,633 
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 
Other creditors
1,972 
551 
Loans from directors
- 
154 
Accruals
885 
1,050 
107,322 
76,118 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,271 
17,865 
Obligations under finance leases and hire purchase contracts
46,750 
36,632 
59,021 
54,497 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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