Company Registration No. 12517101 (England and Wales)
MLO INSTALLATIONS LTD
Unaudited accounts
for the year ended 31 March 2024
MLO INSTALLATIONS LTD
Unaudited accounts
Contents
MLO INSTALLATIONS LTD
Company Information
for the year ended 31 March 2024
Company Number
12517101 (England and Wales)
Registered Office
11A COLES LANE
OAKINGTON
CAMBRIDGE
CB24 3AF
ENGLAND
Accountants
Coles Accounting (Cambridge) Limited
Newton Hall
Town Street, Newton
Cambridge
Cambridgeshire
CB22 7ZE
MLO INSTALLATIONS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
6,371
12,775
Cash at bank and in hand
52,099
12,488
Creditors: amounts falling due within one year
(43,268)
(23,167)
Net current assets
70,409
39,090
Total assets less current liabilities
76,780
51,865
Creditors: amounts falling due after more than one year
(6,594)
(9,892)
Provisions for liabilities
Deferred tax
(1,210)
(2,427)
Called up share capital
1
1
Profit and loss account
68,975
39,545
Shareholders' funds
68,976
39,546
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 18 July 2024 and were signed on its behalf by
Miles Pettit
Director
Company Registration No. 12517101
MLO INSTALLATIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
MLO INSTALLATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12517101. The registered office is 11A COLES LANE, OAKINGTON, CAMBRIDGE, CB24 3AF, 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.
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.
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 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.
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:
Motor vehicles
25% straight line
Computer equipment
25% straight line
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
MLO INSTALLATIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
25,486
129
25,615
At 31 March 2024
25,486
129
25,615
At 1 April 2023
12,744
96
12,840
Charge for the year
6,372
32
6,404
At 31 March 2024
19,116
128
19,244
At 31 March 2024
6,370
1
6,371
At 31 March 2023
12,742
33
12,775
Amounts falling due within one year
Trade debtors
20,422
16,378
Other debtors
41,156
33,391
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,297
3,297
Taxes and social security
32,160
14,654
Loans from directors
158
(339)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
6,594
9,892
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).