Company Registration No. 11636393 (England and Wales)
MTH Construction Limited
Unaudited accounts
for the year ended 31 October 2023
MTH Construction Limited
Unaudited accounts
Contents
MTH Construction Limited
Company Information
for the year ended 31 October 2023
Directors
Mark Harrison
Joanne West
Company Number
11636393 (England and Wales)
Registered Office
32 Rockingham Avenue
York
YO31 0TE
Accountants
Tarrens Accountants Limited
11 Wheatsheaf Close
Ripon
HG4 2SH
MTH Construction Limited
Statement of financial position
as at 31 October 2023
Tangible assets
10,464
16,707
Cash at bank and in hand
7,511
(65)
Creditors: amounts falling due within one year
(89,559)
(109,352)
Net current assets
130,782
143,973
Total assets less current liabilities
141,246
160,680
Creditors: amounts falling due after more than one year
(43,522)
(56,039)
Called up share capital
100
100
Profit and loss account
97,624
104,541
Shareholders' funds
97,724
104,641
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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Mark Harrison
Director
Company Registration No. 11636393
MTH Construction Limited
Notes to the Accounts
for the year ended 31 October 2023
MTH Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 11636393. The registered office is 32 Rockingham Avenue, York, YO31 0TE.
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.
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
15% reducing balance
Motor vehicles
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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 Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,036
33,280
34,316
Disposals
-
(9,463)
(9,463)
At 31 October 2023
1,233
23,817
25,050
At 1 November 2022
399
17,210
17,609
Charge for the year
125
2,439
2,564
On disposals
-
(5,587)
(5,587)
At 31 October 2023
524
14,062
14,586
At 31 October 2023
709
9,755
10,464
At 31 October 2022
637
16,070
16,707
Amounts falling due within one year
Trade debtors
139,171
183,670
Other debtors
7,464
47,533
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
-
561
Trade creditors
15,021
24,655
Taxes and social security
64,305
73,322
Loans from directors
233
814
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
1,543
Other creditors
26,971
28,076
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).