1 28/02/2024 2024-02-28 false false false false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03719152 2023-03-01 2024-02-28 03719152 2024-02-28 03719152 2023-02-28 03719152 2022-03-01 2023-02-28 03719152 2023-02-28 03719152 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 03719152 core:MotorVehicles 2023-03-01 2024-02-28 03719152 bus:RegisteredOffice 2023-03-01 2024-02-28 03719152 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 03719152 bus:Director1 2023-03-01 2024-02-28 03719152 bus:CompanySecretary1 2023-03-01 2024-02-28 03719152 core:FurnitureFittingsToolsEquipment 2023-02-28 03719152 core:MotorVehicles 2023-02-28 03719152 core:FurnitureFittingsToolsEquipment 2024-02-28 03719152 core:WithinOneYear 2024-02-28 03719152 core:WithinOneYear 2023-02-28 03719152 core:ShareCapital 2024-02-28 03719152 core:ShareCapital 2023-02-28 03719152 core:RetainedEarningsAccumulatedLosses 2024-02-28 03719152 core:RetainedEarningsAccumulatedLosses 2023-02-28 03719152 core:FurnitureFittingsToolsEquipment 2023-02-28 03719152 core:MotorVehicles 2023-02-28 03719152 bus:SmallEntities 2023-03-01 2024-02-28 03719152 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 03719152 bus:FullAccounts 2023-03-01 2024-02-28 03719152 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 03719152 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 03719152 1 2023-03-01 2024-02-28
Company registration number: 03719152
M.D.Graham Brickwork Ltd
Unaudited filleted financial statements
28 February 2024
M.D.Graham Brickwork Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
M.D.Graham Brickwork Ltd
Directors and other information
Director M D Graham
Secretary B.J.Graham
Company number 03719152
Registered office 7 Lark Hill
Moulton
Newmarket
CB8 8RT
Business address 7 Lark Hill
Moulton
Newmarket
CB8 8RT
Accountants Hill Allen (Wickford) Ltd
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers HSBC
91 High Street
Brentwood
CM14 4RU
M.D.Graham Brickwork Ltd
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 310 689
_______ _______
310 689
Current assets
Debtors 6 1,401 2,002
Cash at bank and in hand 466 323
_______ _______
1,867 2,325
Creditors: amounts falling due
within one year 7 ( 24,338) ( 12,803)
_______ _______
Net current liabilities ( 22,471) ( 10,478)
_______ _______
Total assets less current liabilities ( 22,161) ( 9,789)
_______ _______
Net liabilities ( 22,161) ( 9,789)
_______ _______
Capital and reserves
Called up share capital 51 51
Profit and loss account ( 22,212) ( 9,840)
_______ _______
Shareholder deficit ( 22,161) ( 9,789)
_______ _______
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges 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 income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 April 2024 , and are signed on behalf of the board by:
M D Graham
Director
Company registration number: 03719152
M.D.Graham Brickwork Ltd
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7 Lark Hill, Moulton, Newmarket, CB8 8RT.
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 in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis.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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
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:
Fittings fixtures and equipment - 20 % straight line
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2023 1,638 7,500 9,138
Disposals - ( 7,500) ( 7,500)
_______ _______ _______
At 28 February 2024 1,638 - 1,638
_______ _______ _______
Depreciation
At 1 March 2023 1,224 7,225 8,449
Charge for the year 104 - 104
Disposals - ( 7,225) ( 7,225)
_______ _______ _______
At 28 February 2024 1,328 - 1,328
_______ _______ _______
Carrying amount
At 28 February 2024 310 - 310
_______ _______ _______
At 28 February 2023 414 275 689
_______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 1,401 2,002
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,182 780
Social security and other taxes - 157
Other creditors 23,156 11,866
_______ _______
24,338 12,803
_______ _______
8. Controlling party
The company is controlled by the director, M Graham , by virtue of their shareholding.