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Company Registration No. 09831161 (England and Wales)
MI Building Contractors Ltd Unaudited accounts for the year ended 31 October 2023
MI Building Contractors Ltd Unaudited accounts Contents
Page
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MI Building Contractors Ltd Company Information for the year ended 31 October 2023
Director
Ndubisi Ifean Madubuko
Company Number
09831161 (England and Wales)
Registered Office
4 Cumberland Avenue Kent London DA16 2QA England
Accountants
Eclat Accountancy Ltd 71 Dartmouth Road London SE23 3HT
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MI Building Contractors Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
63,004 
31,323 
Cash at bank and in hand
(5,022)
1,218 
57,982 
32,541 
Creditors: amounts falling due within one year
(14,373)
(16,712)
Net current assets
43,609 
15,829 
Total assets less current liabilities
43,609 
15,829 
Creditors: amounts falling due after more than one year
(13,499)
(15,372)
Net assets
30,110 
457 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
30,109 
456 
Shareholders' funds
30,110 
457 
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 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 31 July 2024 and were signed on its behalf by
Ndubisi Ifean Madubuko Director Company Registration No. 09831161
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MI Building Contractors Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MI Building Contractors Ltd is a private company, limited by shares, registered in England and Wales, registration number 09831161. The registered office is 4 Cumberland Avenue , Kent, London, DA16 2QA, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,331 
10,169 
Other debtors
56,673 
21,154 
63,004 
31,323 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,972 
6,289 
Trade creditors
74 
526 
Taxes and social security
12,443 
7,575 
Accruals
(2,116)
2,322 
14,373 
16,712 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,499 
15,372 
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MI Building Contractors Ltd Notes to the Accounts for the year ended 31 October 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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