MARK WAKEFIELD DEMOLITION LTD.

Company Registration Number:
05038112 (England and Wales)

Unaudited abridged accounts for the year ended 30 March 2023

Period of accounts

Start date: 01 April 2022

End date: 30 March 2023

MARK WAKEFIELD DEMOLITION LTD.

Contents of the Financial Statements

for the Period Ended 30 March 2023

Balance sheet
Notes

MARK WAKEFIELD DEMOLITION LTD.

Balance sheet

As at 30 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 986,953 722,123
Total fixed assets: 986,953 722,123
Current assets
Stocks: 323,834 1,334,131
Debtors:   685,787 1,426,277
Cash at bank and in hand: 108,279 83,339
Investments:   190,232 575,320
Total current assets: 1,308,132 3,419,067
Creditors: amounts falling due within one year:   (1,016,942) (2,680,206)
Net current assets (liabilities): 291,190 738,861
Total assets less current liabilities: 1,278,143 1,460,984
Creditors: amounts falling due after more than one year:   (517,414) (537,382)
Provision for liabilities: (116,122) (100,378)
Total net assets (liabilities): 644,607 823,224
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 644,507 823,124
Shareholders funds: 644,607 823,224

The notes form part of these financial statements

MARK WAKEFIELD DEMOLITION LTD.

Balance sheet statements

For the year ending 30 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: Mr MN Wakefield
Status: Director

The notes form part of these financial statements

MARK WAKEFIELD DEMOLITION LTD.

Notes to the Financial Statements

for the Period Ended 30 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total cost. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Land & Property - not required.Plant and machinery - 25% reducing balance.Fixtures, fittings and equipment - 25% reducing balance.Motor vehicles - 25% reducing balance.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Valuation and information policy

Stock is valued at the lower of cost and estimated selling price less cost to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Other accounting policies

LeasesRentals payable under operating leases, including and lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease expect where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

MARK WAKEFIELD DEMOLITION LTD.

Notes to the Financial Statements

for the Period Ended 30 March 2023

2. Employees

2023 2022
Average number of employees during the period 11 12

MARK WAKEFIELD DEMOLITION LTD.

Notes to the Financial Statements

for the Period Ended 30 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 1,368,802
Additions 482,190
Disposals (143,996)
At 30 March 2023 1,706,996
Depreciation
At 01 April 2022 646,679
Charge for year 128,799
On disposals (55,435)
At 30 March 2023 720,043
Net book value
At 30 March 2023 986,953
At 31 March 2022 722,123