Company Registration No. 04551626 (England and Wales)
Mark Robins Contracting Limited
Unaudited accounts
for the year ended 31 October 2023
Mark Robins Contracting Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,295
3,492
Cash at bank and in hand
12,527
15,619
Creditors: amounts falling due within one year
(15,777)
(12,246)
Net current assets
912
11,921
Total assets less current liabilities
4,207
15,413
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
2,581
13,749
Shareholders' funds
3,581
14,749
For the year ending 31 October 2023 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 11 February 2024 and were signed on its behalf by
Mark Robins
Director
Company Registration No. 04551626
Mark Robins Contracting Limited
Notes to the Accounts
for the year ended 31 October 2023
Mark Robins Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 04551626. The registered office is 178 Lower Binton, Binton, Stratford Upon Avon, Warwickshire, CV37 9TF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
3 Years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Mark Robins Contracting Limited
Notes to the Accounts
for the year ended 31 October 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
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 November 2022
22,195
7,500
1,704
-
31,399
At 31 October 2023
22,195
7,500
1,704
535
31,934
At 1 November 2022
20,483
5,720
1,704
-
27,907
Charge for the year
257
445
-
30
732
At 31 October 2023
20,740
6,165
1,704
30
28,639
At 31 October 2023
1,455
1,335
-
505
3,295
At 31 October 2022
1,712
1,780
-
-
3,492
Amounts falling due within one year
Accrued income and prepayments
850
498
Mark Robins Contracting Limited
Notes to the Accounts
for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,645
5,597
Taxes and social security
-
1,714
Loans from directors
10,387
4,081
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Average number of employees
During the year the average number of employees was 2 (2022: 2).