1 November 2022 false No description of principal activity Taxfiler 2024.5 11636393business:PrivateLimitedCompanyLtd2022-11-012023-10-31 116363932022-10-31 116363932022-11-012023-10-31 11636393business:AuditExemptWithAccountantsReport2022-11-012023-10-31 11636393business:FilletedAccounts2022-11-012023-10-31 116363932023-10-31 11636393business:Director12022-11-012023-10-31 11636393business:Director22022-11-012023-10-31 11636393business:RegisteredOffice2022-11-012023-10-31 116363932022-10-31 11636393core:WithinOneYear2023-10-31 11636393core:WithinOneYear2022-10-31 11636393core:AfterOneYear2023-10-31 11636393core:AfterOneYear2022-10-31 11636393core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11636393core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11636393core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11636393core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11636393core:PreviouslyStatedAmount2023-10-31 11636393core:PreviouslyStatedAmount2022-10-31 11636393business:SmallEntities2022-11-012023-10-31 11636393countries:EnglandWales2022-11-012023-10-31 11636393core:PlantMachinery2022-11-012023-10-31 11636393core:MotorVehicles2022-11-012023-10-31 11636393core:PlantMachinery2022-10-31 11636393core:MotorVehicles2022-10-31 11636393core:PlantMachinery2023-10-31 11636393core:MotorVehicles2023-10-31 116363932021-11-012022-10-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
MTH Construction Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,464 
16,707 
Current assets
Inventories
52,693 
14,210 
Debtors
160,137 
239,180 
Cash at bank and in hand
7,511 
(65)
220,341 
253,325 
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)
Net assets
97,724 
104,641 
Capital and reserves
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
- 4 -
MTH Construction Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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
15% reducing balance
Motor vehicles
20% reducing balance
Work in progress
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.
Leased assets
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.
- 5 -
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 
Additions
197 
- 
197 
Disposals
- 
(9,463)
(9,463)
At 31 October 2023
1,233 
23,817 
25,050 
Depreciation
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 
Net book value
At 31 October 2023
709 
9,755 
10,464 
At 31 October 2022
637 
16,070 
16,707 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
13,502 
7,977 
Trade debtors
139,171 
183,670 
Other debtors
7,464 
47,533 
160,137 
239,180 
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 
89,559 
109,352 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,551 
26,420 
Obligations under finance leases and hire purchase contracts
- 
1,543 
Other creditors
26,971 
28,076 
43,522 
56,039 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -