20 30/09/2023 2023-09-30 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-10-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 2266993 2022-10-01 2023-09-30 2266993 2023-09-30 2266993 2022-09-30 2266993 2021-10-01 2022-09-30 2266993 2022-09-30 2266993 core:PlantMachinery 2022-10-01 2023-09-30 2266993 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 2266993 core:MotorVehicles 2022-10-01 2023-09-30 2266993 bus:Director3 2022-10-01 2023-09-30 2266993 core:WithinOneYear 2023-09-30 2266993 core:WithinOneYear 2022-09-30 2266993 core:ShareCapital 2023-09-30 2266993 core:ShareCapital 2022-09-30 2266993 core:OtherReservesSubtotal 2023-09-30 2266993 core:OtherReservesSubtotal 2022-09-30 2266993 core:RetainedEarningsAccumulatedLosses 2023-09-30 2266993 core:RetainedEarningsAccumulatedLosses 2022-09-30 2266993 bus:SmallEntities 2022-10-01 2023-09-30 2266993 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 2266993 bus:AbridgedAccounts 2022-10-01 2023-09-30 2266993 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 2266993 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30
Company registration number: 2266993
Marlborough Constructional Engineers Limited
Unaudited filleted abridged financial statements
for the Year ended
30 September 2023
Marlborough Constructional Engineers Limited
Contents
Abridged balance sheet
Notes to the financial statements
Marlborough Constructional Engineers Limited
Abridged Balance sheet
30 September 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 335,507 435,468
___________ ___________
335,507 435,468
Current assets
Stocks 25,150 26,000
Debtors 693,067 1,341,844
Cash at bank and in hand 2,807,460 2,053,812
___________ ___________
3,525,677 3,421,656
Creditors: amounts falling due
within one year ( 353,543) ( 427,026)
___________ ___________
Net current assets 3,172,134 2,994,630
___________ ___________
Total assets less current liabilities 3,507,641 3,430,098
Provisions for liabilities ( 57,900) ( 87,800)
Accruals and deferred income ( 81,465) ( 40,651)
___________ ___________
Net assets 3,368,276 3,301,647
___________ ___________
Capital and reserves
Called up share capital 1,000 1,000
Other reserves 3,000 3,000
Profit and loss account 3,364,276 3,297,647
___________ ___________
Shareholders funds 3,368,276 3,301,647
___________ ___________
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
All of the members have consented to the preparation of the abridged Balance sheet for the current year ending 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
Mr R P Minkley
Director
Company registration number: 2266993
Marlborough Constructional Engineers Limited
Notes to the financial statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Winston Avenue, Croft, Leicestershire, LE9 3GQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2022: 18 ).
5. Tangible assets
£
Cost
At 1 October 2022 1,774,432
Additions 14,284
Disposals ( 24,375)
___________
At 30 September 2023 1,764,341
___________
Depreciation
At 1 October 2022 1,338,964
Charge for the year 111,850
Disposals ( 21,980)
___________
At 30 September 2023 1,428,834
___________
Carrying amount
At 30 September 2023 335,507
___________
At 30 September 2022 435,468
___________