Registered Number:11043891 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
MME Loft Conversions Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
MME Loft Conversions Ltd
Statement of Financial Position
2022
2023
4,992
6,656
2
Property, plant and equipment |
13,503
5,010
3
18,495
11,666
42,000
3,000
4
Trade and other receivables |
33,500
50,325
5
97,695
Cash and cash equivalents |
66,570
119,895
173,195
Trade and other payables: amounts falling due within one |
year |
(77,672)
(71,690)
6
95,523
48,205
Net current assets
Total assets less current liabilities |
66,700
107,189
(2,566)
-
Provisions for liabilities |
64,134
Net assets
107,189
100
100
64,034
107,089
64,134
107,189
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Michael Eldridge Director |
These financial statements were approved and authorised for issue by the Board on 30 August 2024 and were signed by: |
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For the year ended 30 November 2023
MME Loft Conversions Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 November 2023
MME Loft Conversions Ltd
Notes to the Financial Statements
Statutory Information
MME Loft Conversions Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 11043891. |
21 Beechway
Bexley
DA5 3DQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable in respect of building services.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 12 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 30 November 2023
MME Loft Conversions Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
20,000
20,000
13,344
1,664
Charge for year
15,008
4,992
6,656
3. Property, plant and equipment |
Motor Vehicles
44,514
826
43,688
12,995
-
12,995
56,683
826
57,509
Provision for depreciation and impairment |
39,504
521
38,983
Charge for year
4,502
76
4,426
44,006
597
43,409
13,274
229
13,503
4,705
305
5,010
2022
2023
3,000
42,000
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For the year ended 30 November 2023
MME Loft Conversions Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
-
33,500
50,325
-
33,500
50,325
6. Trade and other payables: amounts falling due within one year |
2022
2023
18,251
37,197
Taxation and social security |
52,439
40,475
1,000
-
71,690
77,672
7. Directors advances and guarantees |
Loaned
Repaid
Mr Michael Eldridge
DCA
24,891
-
25,266
375
24,891
-
25,266
375
Mrs Laura Louisa Eldridge
DCA
24,891
-
25,266
375
24,891
-
25,266
375
8. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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