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REGISTERED NUMBER: 09331171 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

M & M Building and Decorating Ltd

M & M Building and Decorating Ltd (Registered number: 09331171)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & M Building and Decorating Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr M Warwick





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Millers Cottage
5 Childs Terrace
Bawburgh
Norwich
NR9 3LN





REGISTERED NUMBER: 09331171 (England and Wales)

M & M Building and Decorating Ltd (Registered number: 09331171)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 8,350 11,171
8,350 11,171

CURRENT ASSETS
Stocks 5,335 -
Debtors 7 17,921 24,153
Cash at bank 7,702 8,099
30,958 32,252
CREDITORS
Amounts falling due within one year 8 14,445 10,580
NET CURRENT ASSETS 16,513 21,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,863

32,843

CREDITORS
Amounts falling due after more than one
year

9

(23,182

)

(30,647

)

PROVISIONS FOR LIABILITIES (1,587 ) (2,122 )
NET ASSETS 94 74

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 93 73
SHAREHOLDERS' FUNDS 94 74

M & M Building and Decorating Ltd (Registered number: 09331171)

Balance Sheet - continued
30 November 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr M Warwick - Director


M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

M & M Building and Decorating Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 5,000
AMORTISATION
At 1 December 2022
and 30 November 2023 5,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 20,344
Disposals (550 )
At 30 November 2023 19,794
DEPRECIATION
At 1 December 2022 9,173
Charge for year 2,784
Eliminated on disposal (513 )
At 30 November 2023 11,444
NET BOOK VALUE
At 30 November 2023 8,350
At 30 November 2022 11,171

M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,921 24,153

Other debtors include tax of £5,870 (2022 - £5,870) and directors' loan account of £12,051 (2022 - £18,283).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,508 6,899
Taxation and social security 1,466 2,191
Other creditors 5,471 1,490
14,445 10,580

Other creditors include accrued expense of £35 (2022 - £35) and credit card of £5,436 (2022 - £1,455).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,182 30,647

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,463 6,963

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its director. Amounts advanced to the director totalled £36,144 (2022 - £20,919), amounts repaid to the company totalled £42,856 (2022 - £23,386) and interest charged on the loan at a rate of 2.8% totalled £482 (2022 - £783). The balance owed to the company at the year end totalled £12,053 (2022 - £18,283) and is repayable on demand.