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Company Registration Number: 03653721 (England and Wales)

Michael Shwartz Construction Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Michael Shwartz Construction Ltd

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

iXBRL Detailed Profit and Loss Account

6

 

Michael Shwartz Construction Ltd

Company Information

Director

Mr Michael Shwartz

Company secretary

Mrs Liora Briskin

Registered office

Unit 2
Carmine Court
202 Imperial Drive
Harrow
Middlesex
HA2 7HG

Accountants

Russell Phillips Limited
Chartered Accountants
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Michael Shwartz Construction Ltd
for the Year Ended 31 October 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Michael Shwartz Construction Ltd for the year ended 31 October 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Michael Shwartz Construction Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Michael Shwartz Construction Ltd and state those matters that we have agreed to state to the Board of Directors of Michael Shwartz Construction Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Shwartz Construction Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Michael Shwartz Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Michael Shwartz Construction Ltd. You consider that Michael Shwartz Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Michael Shwartz Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Russell Phillips Limited
Chartered Accountants
2nd Floor
Gerrards Cross Memorial Centre
8 East Common
Gerrards Cross
Buckinghamshire
SL9 7AD

29 July 2024

 

Michael Shwartz Construction Ltd

Profit and Loss Account for the Year Ended 31 October 2023

2023
£

2022
£

Turnover

204,244

185,000

Other income

7,250

8,500

Cost of raw materials and consumables

(1,631)

(2,200)

Staff costs

(118,805)

(99,797)

Depreciation and other amounts written off assets

(6,009)

(4,160)

Other charges

(26,526)

(30,492)

Profit before tax

58,523

56,851

Tax on profit

(9,575)

(10,448)

Profit for the year

48,948

46,403

 

Michael Shwartz Construction Ltd

(Registration number: 03653721)
Balance Sheet as at 31 October 2023

2023
£

2022
£

Fixed assets

18,068

12,482

Current assets

399,857

425,007

Creditors: Amounts falling due within one year

(312,392)

(336,458)

Net current assets

87,465

88,549

Total assets less current liabilities

105,533

101,031

Creditors: Amounts falling due after more than one year

(14,250)

(23,250)

Accruals and deferred income

(1,313)

(1,758)

 

89,970

76,023

Capital and reserves

89,970

76,023

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:
Unit 2
Carmine Court
202 Imperial Drive
Harrow
Middlesex
HA2 7HG

These financial statements were authorised for issue by the director on 29 July 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Michael Shwartz Construction Ltd

(Registration number: 03653721)
Balance Sheet as at 31 October 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 29 July 2024
 

.........................................
Mr Michael Shwartz
Director

 

Michael Shwartz Construction Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 October 2023

2023
£

2022
£

Fees receivable

204,244

185,000

Cost of sales

Planning fees

(1,631)

(2,200)

Gross profit

202,613

182,800

Administrative expenses

Other staff costs

(18,760)

-

Office salaries

(9,000)

(9,600)

Staff NIC

(301)

(134)

Staff welfare

(912)

(518)

Directors Salaries

(80,000)

(80,000)

Drectors NIC

(9,832)

(9,545)

Operating lease expenditure

(2,933)

(2,934)

Other repairs and maintenance costs

(536)

(572)

Vehicle costs

(9,835)

(7,618)

Travel and subsistence

(3,646)

(3,721)

Insurance costs

(1,312)

(5,644)

IT and computing

(1,783)

(1,813)

Printing, postage and stationery

(309)

(289)

Charitable donations

(500)

-

Subscriptions

(485)

(550)

Other costs

(124)

(82)

Legal and professional costs

(200)

(1,825)

Bank charges

(802)

(771)

Advertising, promotions and marketing costs

(450)

(2,300)

Accountancy fees

(1,300)

(1,300)

Depreciation of property, plant and equipment

(6,009)

(4,160)

Other operating income

Management charges receivable

7,250

8,500

Profit on ordinary activities before finance charges and interest

60,834

57,924

Interest expense on bank overdraft, bank loans and similar borrowings

(2,308)

(1,068)

Non-bank interest and similar charges

(3)

(5)

Profit on ordinary activities before taxation

58,523

56,851

Tax on profit or loss on ordinary activities

(9,575)

(10,448)

Profit for the financial year

48,948

46,403