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REGISTERED NUMBER: 05168605 (England and Wales)












Financial Statements

for the Year Ended 31 July 2023

for

M & L PAGE CONSTRUCTION LTD

M & L PAGE CONSTRUCTION LTD (REGISTERED NUMBER: 05168605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & L PAGE CONSTRUCTION LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M R Page
L A Page





SECRETARY: Mrs T Page





REGISTERED OFFICE: 38 Stanley Avenue
Baffins
Portsmouth
Hampshire
PO3 6PN





REGISTERED NUMBER: 05168605 (England and Wales)





ACCOUNTANTS: Loveless & Co Accountants Ltd
Unit 19b
The Wren Centre
Westbourne Road
Emsworth
Hampshire
PO10 7SU

M & L PAGE CONSTRUCTION LTD (REGISTERED NUMBER: 05168605)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,388 9,929

CURRENT ASSETS
Stocks 46,591 48,152
Debtors 5 19,058 26,168
Cash at bank 50 12,326
65,699 86,646
CREDITORS
Amounts falling due within one year 6 111,098 92,691
NET CURRENT LIABILITIES (45,399 ) (6,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,011

)

3,884

CREDITORS
Amounts falling due after more than one
year

7

25,000

30,833
NET LIABILITIES (63,011 ) (26,949 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (63,111 ) (27,049 )
SHAREHOLDERS' FUNDS (63,011 ) (26,949 )

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

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

The directors acknowledge their 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 & L PAGE CONSTRUCTION LTD (REGISTERED NUMBER: 05168605)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 29 January 2024 and were signed on its behalf by:




L A Page - Director



M R Page - Director


M & L PAGE CONSTRUCTION LTD (REGISTERED NUMBER: 05168605)

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

1. STATUTORY INFORMATION

M & L Page Construction Ltd 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.

Turnover
Turnover 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

M & L PAGE CONSTRUCTION LTD (REGISTERED NUMBER: 05168605)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 77,509
Disposals (2,726 )
At 31 July 2023 74,783
DEPRECIATION
At 1 August 2022 67,580
Charge for year 2,466
Eliminated on disposal (2,651 )
At 31 July 2023 67,395
NET BOOK VALUE
At 31 July 2023 7,388
At 31 July 2022 9,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,197 8,456
Other debtors 11,861 17,712
19,058 26,168

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,382 58,231
Trade creditors 4,014 6,479
Taxation and social security 40,602 24,041
Other creditors 3,100 3,940
111,098 92,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,000 30,833

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr L Page and Mr M Page.