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REGISTERED NUMBER: 08897093 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

MPH Construction (Lutterworth) Limited

MPH Construction (Lutterworth) Limited (Registered number: 08897093)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPH Construction (Lutterworth) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R Morrow
Mrs K Morrow





SECRETARY: R Morrow





REGISTERED OFFICE: 19 Warren Park Way
Enderby
Leicester
LE19 4SA





REGISTERED NUMBER: 08897093 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

MPH Construction (Lutterworth) Limited (Registered number: 08897093)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,382 267,605

CURRENT ASSETS
Debtors 5 57,401 234,552
Cash at bank 52,992 52,553
110,393 287,105
CREDITORS
Amounts falling due within one year 6 73,308 201,681
NET CURRENT ASSETS 37,085 85,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,467

353,029

CREDITORS
Amounts falling due after more than one
year

7

(4,673

)

(57,284

)

PROVISIONS FOR LIABILITIES (34,101 ) (50,845 )
NET ASSETS 177,693 244,900

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 177,593 244,800
SHAREHOLDERS' FUNDS 177,693 244,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MPH Construction (Lutterworth) Limited (Registered number: 08897093)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





R Morrow - Director


MPH Construction (Lutterworth) Limited (Registered number: 08897093)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

MPH Construction (Lutterworth) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MPH Construction (Lutterworth) Limited (Registered number: 08897093)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 610,610
Additions 4,141
Disposals (49,921 )
At 29 February 2024 564,830
DEPRECIATION
At 1 March 2023 343,005
Charge for year 59,626
Eliminated on disposal (17,183 )
At 29 February 2024 385,448
NET BOOK VALUE
At 29 February 2024 179,382
At 28 February 2023 267,605

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 176,203
Disposals (49,321 )
At 29 February 2024 126,882
DEPRECIATION
At 1 March 2023 64,222
Charge for year 19,844
Eliminated on disposal (16,714 )
At 29 February 2024 67,352
NET BOOK VALUE
At 29 February 2024 59,530
At 28 February 2023 111,981

MPH Construction (Lutterworth) Limited (Registered number: 08897093)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 56,897 233,780
Prepayments 504 772
57,401 234,552

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 29,915 23,315
Trade creditors 10,888 117,889
Tax 18,752 27,249
Social security and other taxes 2,566 1,207
VAT 5,693 20,309
Other creditors 1,473 60
Directors' current accounts 2,501 10,057
Accrued expenses 1,520 1,595
73,308 201,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 4,673 57,284

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1.00 100 100

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2023 - £103,000) were paid to the directors .