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Registration number: 14043887

M3 Floodtec Holdings Limited

Annual Report and Unaudited Financial Statements

for the Period from 13 April 2022 to 30 September 2023

 

M3 Floodtec Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

M3 Floodtec Holdings Limited

Company Information

Directors

Mr M D Keight

Mrs L Marchant

Mr P Marchant

Mr A Marchant

Registered office

9a Wassage Way
Hampton Lovett Industrial Estate
Droitwich
Worcestershire
WR9 0NX

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

M3 Floodtec Holdings Limited

(Registration number: 14043887)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

187,205

Investments

5

400

Debtors: Amounts falling due after more than one year

6

342,898

 

530,503

Current assets

 

Debtors

6

4,278

Creditors: Amounts falling due within one year

7

(1,750)

Net current assets

 

2,528

Total assets less current liabilities

 

533,031

Creditors: Amounts falling due after more than one year

7

(577,100)

Net liabilities

 

(44,069)

Capital and reserves

 

Called up share capital

400

Retained earnings

(44,469)

Shareholders' deficit

 

(44,069)

For the financial period 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2024 and signed on its behalf by:
 

.........................................
Mr M D Keight
Director

   
 

M3 Floodtec Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9a Wassage Way
Hampton Lovett Industrial Estate
Droitwich
Worcestershire
WR9 0NX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

10% and 20% straight line

 

M3 Floodtec Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2022 to 30 September 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

 

M3 Floodtec Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2022 to 30 September 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions

23,050

23,050

Transferred from subsidiary

333,274

333,274

At 30 September 2023

356,324

356,324

Amortisation

Amortisation charge

42,720

42,720

Transferred from subsidiary

126,399

126,399

At 30 September 2023

169,119

169,119

Carrying amount

At 30 September 2023

187,205

187,205

5

Investments

2023
£

Investments in subsidiaries

400

Subsidiaries

£

Cost or valuation

Additions

400

Provision

Carrying amount

At 30 September 2023

400

 

M3 Floodtec Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 13 April 2022 to 30 September 2023

6

Debtors

Current

2023
£

Other debtors

4,278


 

Non-current

2023
£

Amounts owed by related parties

342,898

7

Creditors

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

577,100

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

577,100

The other borrowings relate to advances from the directors. There are no fixed repayment terms but the directors do not intend for the funding to be repaid in the next 12 months.