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Company Registration No. 11235161 (England and Wales)
M2 Construction (Staffs) Ltd Unaudited accounts for the year ended 29 February 2024
M2 Construction (Staffs) Ltd Unaudited accounts Contents
Page
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M2 Construction (Staffs) Ltd Company Information for the year ended 29 February 2024
Directors
H L Cutland O A Hulme P Fielding P Rushton
Secretary
O A Hulme
Company Number
11235161 (England and Wales)
Registered Office
Unit 40a Brookhouse Road Parkhouse Industrial Estate West Newcastle-under-Lyme Staffordshire ST5 7RU England
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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M2 Construction (Staffs) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
116,209 
53,891 
Current assets
Inventories
183,414 
122,640 
Debtors
897,173 
390,611 
Cash at bank and in hand
77,137 
221,901 
1,157,724 
735,152 
Creditors: amounts falling due within one year
(784,960)
(560,457)
Net current assets
372,764 
174,695 
Total assets less current liabilities
488,973 
228,586 
Creditors: amounts falling due after more than one year
(58,510)
(43,854)
Provisions for liabilities
Deferred tax
(22,080)
(10,240)
Net assets
408,383 
174,492 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
408,382 
174,491 
Shareholders' funds
408,383 
174,492 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
H L Cutland Director Company Registration No. 11235161
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M2 Construction (Staffs) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
M2 Construction (Staffs) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11235161. The registered office is Unit 40a Brookhouse Road, Parkhouse Industrial Estate West, Newcastle-under-Lyme, Staffordshire, ST5 7RU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Computer equipment
33% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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M2 Construction (Staffs) Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,220 
98,479 
5,092 
11,348 
118,139 
Additions
66,443 
7,995 
- 
3,702 
78,140 
Disposals
- 
- 
- 
(184)
(184)
At 29 February 2024
69,663 
106,474 
5,092 
14,866 
196,095 
Depreciation
At 1 March 2023
1,288 
53,509 
1,031 
8,420 
64,248 
Charge for the year
1,859 
11,244 
407 
2,189 
15,699 
On disposals
- 
- 
- 
(61)
(61)
At 29 February 2024
3,147 
64,753 
1,438 
10,548 
79,886 
Net book value
At 29 February 2024
66,516 
41,721 
3,654 
4,318 
116,209 
At 28 February 2023
1,932 
44,970 
4,061 
2,928 
53,891 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
870,288 
376,236 
Other debtors
26,885 
14,375 
897,173 
390,611 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,346 
9,346 
Obligations under finance leases and hire purchase contracts
32,090 
13,912 
Trade creditors
469,846 
278,923 
Taxes and social security
259,268 
227,176 
Other creditors
14,410 
31,100 
784,960 
560,457 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,415 
25,294 
Obligations under finance leases and hire purchase contracts
42,095 
18,560 
58,510 
43,854 
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M2 Construction (Staffs) Ltd Notes to the Accounts for the year ended 29 February 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
22,080 
10,240 
2024 
2023 
£ 
£ 
Provision at start of year
10,240 
13,571 
Charged/(credited) to the profit and loss account
11,840 
(3,331)
Provision at end of year
22,080 
10,240 
9
Average number of employees
During the year the average number of employees was 15 (2023: 16).
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