Company Registration No. 06449287 (England and Wales)
MTH Construction Services Limited
Unaudited accounts
for the year ended 31 December 2023
MTH Construction Services Limited
Unaudited accounts
Contents
MTH Construction Services Limited
Statement of financial position
as at 31 December 2023
Tangible assets
218,683
185,983
Cash at bank and in hand
43,974
116,518
Creditors: amounts falling due within one year
(100,133)
(124,016)
Net current assets
40,271
70,779
Total assets less current liabilities
258,954
256,762
Creditors: amounts falling due after more than one year
(40,137)
(30,240)
Provisions for liabilities
Deferred tax
(46,191)
(33,113)
Net assets
172,626
193,409
Called up share capital
100
100
Profit and loss account
172,526
193,309
Shareholders' funds
172,626
193,409
For the year ending 31 December 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 2 August 2024 and were signed on its behalf by
M T Hampton
Director
Company Registration No. 06449287
MTH Construction Services Limited
Notes to the Accounts
for the year ended 31 December 2023
MTH Construction Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06449287. The registered office is 554 Hartshill Road, Stoke-on-Trent, Staffordshire, ST4 6AF.
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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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
20% on net book value
Motor vehicles
10% on net book value
Fixtures & fittings
10% on net book value
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MTH Construction Services Limited
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
26,534
230,781
42,258
299,573
Additions
745
65,636
2,549
68,930
Disposals
-
(20,500)
-
(20,500)
At 31 December 2023
27,279
275,917
44,807
348,003
At 1 January 2023
9,766
82,794
21,030
113,590
Charge for the year
3,503
17,544
2,377
23,424
On disposals
-
(7,694)
-
(7,694)
At 31 December 2023
13,269
92,644
23,407
129,320
At 31 December 2023
14,010
183,273
21,400
218,683
At 31 December 2022
16,768
147,987
21,228
185,983
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
83,945
80,294
Amounts falling due within one year
Trade debtors
53,420
65,307
MTH Construction Services Limited
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
20,603
22,323
Trade creditors
40,955
48,123
Taxes and social security
20,580
44,293
Other creditors
13,631
4,770
Loans from directors
500
385
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
40,137
30,240
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Average number of employees
During the year the average number of employees was 12 (2022: 13).