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COMPANY REGISTRATION NUMBER: 10445586
M D PAVING (YORKSHIRE) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 October 2023
M D PAVING (YORKSHIRE) LTD
STATEMENT OF FINANCIAL POSITION
30 October 2023
30 Oct 23
31 Oct 22
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
9,362
11,317
CURRENT ASSETS
Debtors
5
14,306
8,800
Cash at bank and in hand
40,669
41,026
--------
--------
54,975
49,826
CREDITORS: amounts falling due within one year
6
( 7,043)
( 22,087)
--------
--------
NET CURRENT ASSETS
47,932
27,739
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
57,294
39,056
PROVISIONS
( 1,779)
( 2,150)
--------
--------
NET ASSETS
55,515
36,906
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
55,415
36,806
--------
--------
SHAREHOLDERS FUNDS
55,515
36,906
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 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 financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M D PAVING (YORKSHIRE) LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 October 2023
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
M Durkin
Director
Company registration number: 10445586
M D PAVING (YORKSHIRE) LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 NOVEMBER 2022 TO 30 OCTOBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Financial instruments
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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 November 2022 and 30 October 2023
16,995
11,571
28,566
--------
--------
--------
Depreciation
At 1 November 2022
8,248
9,001
17,249
Charge for the period
1,312
643
1,955
--------
--------
--------
At 30 October 2023
9,560
9,644
19,204
--------
--------
--------
Carrying amount
At 30 October 2023
7,435
1,927
9,362
--------
--------
--------
At 31 October 2022
8,747
2,570
11,317
--------
--------
--------
5. DEBTORS
30 Oct 23
31 Oct 22
£
£
Trade debtors
8,800
Other debtors
14,306
--------
-------
14,306
8,800
--------
-------
6. CREDITORS: amounts falling due within one year
30 Oct 23
31 Oct 22
£
£
Trade creditors
357
Corporation tax
4,736
6,048
Other creditors
4,839
Other creditors
1,950
11,200
-------
--------
7,043
22,087
-------
--------