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REGISTERED NUMBER: 12157511 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

1M Civil Engineering Ltd.

1M Civil Engineering Ltd. (Registered number: 12157511)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1M Civil Engineering Ltd.

Company Information
for the Year Ended 31 August 2023







DIRECTOR: C A Sims





REGISTERED OFFICE: 6 De Lucy Avenue
New Alresford
United Kingdom
Hampshire
SO24 9EU





REGISTERED NUMBER: 12157511 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

1M Civil Engineering Ltd. (Registered number: 12157511)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,734 16,316
Investment property 5 34,976 -
58,710 16,316

CURRENT ASSETS
Debtors 6 774 39,254
Cash at bank 27,445 8,559
28,219 47,813
CREDITORS
Amounts falling due within one year 7 41,773 27,873
NET CURRENT (LIABILITIES)/ASSETS (13,554 ) 19,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,156

36,256

CREDITORS
Amounts falling due after more than one
year

8

(21,823

)

(32,500

)

PROVISIONS FOR LIABILITIES 9 (4,510 ) (3,100 )
NET ASSETS 18,823 656

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 18,822 655
SHAREHOLDERS' FUNDS 18,823 656

1M Civil Engineering Ltd. (Registered number: 12157511)

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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:





C A Sims - Director


1M Civil Engineering Ltd. (Registered number: 12157511)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

1M Civil Engineering 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.

2. ACCOUNTING POLICIES

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

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computer equipment - 25% reducing balance basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1M Civil Engineering Ltd. (Registered number: 12157511)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition
Debtors includes amounts recoverable on service contracts. Where the outcome of a transaction can be estimated reliably, revenue is recognised by reference to the stage of completion of the transaction at the balance sheet date (in accordance with FRS 102 paragraph 23.14).

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 8,500 14,744 2,197 25,441
Additions 14,124 - - 14,124
At 31 August 2023 22,624 14,744 2,197 39,565
DEPRECIATION
At 1 September 2022 4,522 3,686 917 9,125
Charge for year 3,621 2,765 320 6,706
At 31 August 2023 8,143 6,451 1,237 15,831
NET BOOK VALUE
At 31 August 2023 14,481 8,293 960 23,734
At 31 August 2022 3,978 11,058 1,280 16,316

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 34,976
At 31 August 2023 34,976
NET BOOK VALUE
At 31 August 2023 34,976

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 518 -
Amounts recoverable on service contracts - 32,190
Muir Sims Group Limited - 7,064
VAT 256 -
774 39,254

1M Civil Engineering Ltd. (Registered number: 12157511)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
BBLS (Bounce Back Loan Scheme) 10,000 10,000
Corporation tax 5,096 2,697
Other creditors - 370
Directors' current accounts 24,037 13,666
Accrued expenses 2,640 1,140
41,773 27,873

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
BBLS (Bounce Back Loan Scheme) 21,823 32,500

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,510 3,100

Deferred
tax
£   
Balance at 1 September 2022 3,100
Accelerated capital allowances 1,410
Balance at 31 August 2023 4,510

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

Mr C A Sims
Director
2023 2022
£ £
Amount owed to related party at balance sheet date 24,037 13,666

Muir Sims Group Limited
Mr C A Sims is a director and shareholder
2023 2022
£ £
Amount owed by related party at balance sheet date - 7,064