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REGISTERED NUMBER: 03728655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Michael Henry Civil Engineering Limited

Michael Henry Civil Engineering Limited (Registered number: 03728655)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Henry Civil Engineering Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Henry





SECRETARY: Mrs R A Henry





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 03728655 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Michael Henry Civil Engineering Limited (Registered number: 03728655)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 705,699 940,934

CURRENT ASSETS
Debtors 6 161,484 381,815
Cash at bank 578,628 482,424
740,112 864,239
CREDITORS
Amounts falling due within one year 7 292,948 286,833
NET CURRENT ASSETS 447,164 577,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,152,863

1,518,340

CREDITORS
Amounts falling due after more than one year 8 (60,837 ) (207,834 )

PROVISIONS FOR LIABILITIES (177,759 ) (177,759 )
NET ASSETS 914,267 1,132,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 914,167 1,132,647
SHAREHOLDERS' FUNDS 914,267 1,132,747

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.

Michael Henry Civil Engineering Limited (Registered number: 03728655)

Balance Sheet - 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 6 February 2024 and were signed by:





M Henry - Director


Michael Henry Civil Engineering Limited (Registered number: 03728655)

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

1. STATUTORY INFORMATION

Michael Henry Civil Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. These are the company's first set of financial statements prepared in accordance with FRS 102 section 1A. There were no transition adjustments.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Income is recognised when the company provides goods and services.

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 - 25% on reducing balance
Fixtures and fittings - 33.33% on cost
Motor vehicles - 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 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 year 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.

Michael Henry Civil Engineering Limited (Registered number: 03728655)

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

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,353,230
DEPRECIATION
At 1 April 2022 1,412,296
Charge for year 235,235
At 31 March 2023 1,647,531
NET BOOK VALUE
At 31 March 2023 705,699
At 31 March 2022 940,934

Michael Henry Civil Engineering Limited (Registered number: 03728655)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 747,000
Transfer to ownership (212,000 )
At 31 March 2023 535,000
DEPRECIATION
At 1 April 2022 192,688
Charge for year 111,250
At 31 March 2023 303,938
NET BOOK VALUE
At 31 March 2023 231,062
At 31 March 2022 554,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 51,159 239,549
Other debtors 110,325 142,266
161,484 381,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 146,997 145,385
Trade creditors 102,916 132,979
Taxation and social security 42,141 6,738
Other creditors 894 1,731
292,948 286,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 60,837 207,834

Michael Henry Civil Engineering Limited (Registered number: 03728655)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 207,834 353,219