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REGISTERED NUMBER: 09868597 (England and Wales)















Unaudited Financial Statements

for the Period 1 December 2022 to 31 December 2023

for

M2M Joinery Limited

M2M Joinery Limited (Registered number: 09868597)






Contents of the Financial Statements
for the period 1 December 2022 to 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M2M Joinery Limited

Company Information
for the period 1 December 2022 to 31 December 2023







DIRECTORS: S Royston
D Rappitt





REGISTERED OFFICE: Unit 1a Limestone Cottage Lane
Sheffield
South Yorkshire
S6 1NJ





REGISTERED NUMBER: 09868597 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

M2M Joinery Limited (Registered number: 09868597)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,793 124,907

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 151,981 151,132
Cash at bank 107,204 222,335
269,185 383,467
CREDITORS
Amounts falling due within one year 6 207,725 192,979
NET CURRENT ASSETS 61,460 190,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,253

315,395

CREDITORS
Amounts falling due after more than
one year

7

(16,036

)

(34,353

)

PROVISIONS FOR LIABILITIES (23,140 ) (23,732 )
NET ASSETS 144,077 257,310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 143,977 257,210
SHAREHOLDERS' FUNDS 144,077 257,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

M2M Joinery Limited (Registered number: 09868597)

Statement of Financial Position - continued
31 December 2023


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 21 June 2024 and were signed on its behalf by:





S Royston - Director


M2M Joinery Limited (Registered number: 09868597)

Notes to the Financial Statements
for the period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

M2M Joinery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 statement of financial position date.


M2M Joinery Limited (Registered number: 09868597)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 196,148
Additions 29,938
Disposals (12,000 )
At 31 December 2023 214,086
DEPRECIATION
At 1 December 2022 71,241
Charge for period 30,265
Eliminated on disposal (9,213 )
At 31 December 2023 92,293
NET BOOK VALUE
At 31 December 2023 121,793
At 30 November 2022 124,907

M2M Joinery Limited (Registered number: 09868597)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 125,298 124,105
Amounts owed by group undertakings 648 648
Other debtors 26,035 26,379
151,981 151,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,649 10,000
Hire purchase contracts 6,336 5,643
Trade creditors 52,943 45,498
Taxation and social security 9,295 32,966
Other creditors 128,502 98,872
207,725 192,979

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 14,351 25,833
Hire purchase contracts 1,685 8,520
16,036 34,353

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loans to/from the directors are interest free with no fixed repayment term.

9. ULTIMATE CONTROLLING PARTY

Both directors have an equal shareholding, and for this reason there is no ultimate controlling party.