1 January 2023 false No description of principal activity Taxfiler 2024.5 06449287business:PrivateLimitedCompanyLtd2023-01-012023-12-31 064492872022-12-31 064492872023-01-012023-12-31 06449287business:AuditExemptWithAccountantsReport2023-01-012023-12-31 06449287business:FilletedAccounts2023-01-012023-12-31 064492872023-12-31 064492872022-12-31 06449287core:WithinOneYear2023-12-31 06449287core:WithinOneYear2022-12-31 06449287core:AfterOneYear2023-12-31 06449287core:AfterOneYear2022-12-31 06449287core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 06449287core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 06449287core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 06449287core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 06449287core:PreviouslyStatedAmount2023-12-31 06449287core:PreviouslyStatedAmount2022-12-31 06449287business:SmallEntities2023-01-012023-12-31 06449287business:Director12023-01-012023-12-31 06449287countries:EnglandWales2023-01-012023-12-31 06449287business:RegisteredOffice2023-01-012023-12-31 06449287core:PlantMachinery2023-01-012023-12-31 06449287core:MotorVehicles2023-01-012023-12-31 06449287core:FurnitureFittings2023-01-012023-12-31 06449287core:PlantMachinery2022-12-31 06449287core:MotorVehicles2022-12-31 06449287core:FurnitureFittings2022-12-31 06449287core:PlantMachinery2023-12-31 06449287core:MotorVehicles2023-12-31 06449287core:FurnitureFittings2023-12-31 06449287core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-12-31 06449287core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-12-31 064492872022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
MTH Construction Services Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
218,683 
185,983 
Current assets
Inventories
42,280 
4,240 
Debtors
54,150 
74,037 
Cash at bank and in hand
43,974 
116,518 
140,404 
194,795 
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 
Capital and reserves
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
- 3 -
MTH Construction Services Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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 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
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Leased assets
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.
- 4 -
MTH Construction Services Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
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.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
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 
Depreciation
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 
Net book value
At 31 December 2023
14,010 
183,273 
21,400 
218,683 
At 31 December 2022
16,768 
147,987 
21,228 
185,983 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
83,945 
80,294 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,420 
65,307 
Other debtors
730 
8,730 
54,150 
74,037 
- 5 -
MTH Construction Services Limited Notes to the Accounts for the year ended 31 December 2023
6
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 
Accruals
3,864 
4,122 
100,133 
124,016 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
40,137 
30,240 
8
Average number of employees
During the year the average number of employees was 12 (2022: 13).
- 6 -