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REGISTERED NUMBER: 01371473 (England and Wales)















Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements for the Year Ended 31 December 2023

for

M & J Group (Construction & Roofing)
Limited

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)






Contents of the Consolidated Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


M & J Group (Construction & Roofing)
Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Henrickson
D Henrickson
J W Henrickson





REGISTERED OFFICE: Hammond Road
Elms Farm Industrial Estate
Bedford
Bedfordshire
MK41 0UD





REGISTERED NUMBER: 01371473 (England and Wales)





AUDITORS: Godfrey Laws & Co Limited
Statutory Auditors
1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Group Strategic Report
for the Year Ended 31 December 2023

The directors present their strategic report of the company and the group for the year ended 31 December 2023.

REVIEW OF BUSINESS
We have consolidated our position within the roofing sector both with flat roofing and pitched roofing. We feel that we will continue to grow in both sectors.

KEY PERFORMANCE INDICATORS
The key performance indicators for us are turnover and gross margin. Our turnover has increased by 38% compared to the previous year whilst our gross margin has remained stable at 38% compared to 39% from 43% in the previous year. We feel that this is still a healthy gross margin and means our direct costs to turnover have remained constant. The company remains in a strong financial position.The results for the year and the financial position of the group are as shown in the annexed financial statements.

In order to assist our clients in combating global warming and reducing carbon footprint we have been involved in the installation of green roof systems for a number of years in the UK. Our key personnel in every office are in charge of training in both the concept and application of these systems.

PRINCIPAL RISKS AND UNCERTAINTIES
The principal risks and uncertainties would be the overall state of the economy and the impact of the COVID-19 pandemic. The impact on the companies operations has been limited to date. The business does a large amount of work with the public sector whether any squeeze on public sector finances in the future would affect the level of business of business available from that source and the need to concentrate more work in the private sector.

Due to the nature of the work health and safety is a constant concern. The group provides regular and continual training to mitigate the risk.

Failure to fulfil contractual obligations from clients could subject the company to action and claims made. A strong emphasis on appropriate business conduct by all employees and contractor's provides mitigation to this risk as well as its insurance cover.

FUTURE DEVELOPMENTS
We anticipate continued growth in both sectors of the roofing industry.

We continue to actively promote the advancements in waterproofing technology to assist in tackling the surge of CO2 emissions through a variety of methods entering the market. We are looking into new systems to reduce carbon footprint at the same costs as a traditional roofing system such as 'carbon neutralising flat roofing systems', a roof that allows a continual process of the conversion of CO2 into a harmless substance reducing alternative roofing system.

ON BEHALF OF THE BOARD:





J W Henrickson - Director


4 September 2024

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of the supply and installation of flat and pitched roofing materials in the construction industry.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2023 will be £ 9,720,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

P Henrickson
D Henrickson
J W Henrickson

POLITICAL DONATIONS AND EXPENDITURE
During the year the company made charitable donations totalling £134,676

WORKING CAPITAL AND OPERATIONAL CASHFLOW REQUIREMENTS
We believe that our liquid asset resources are adequate to meet our operational cashflow requirements and to support our ambition of the new carbon neutralising flat roofing systems.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Report of the Directors
for the Year Ended 31 December 2023


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ON BEHALF OF THE BOARD:





J W Henrickson - Director


4 September 2024

Report of the Independent Auditors to the Members of
M & J Group (Construction & Roofing)
Limited

Opinion
We have audited the financial statements of M & J Group (Construction & Roofing) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
M & J Group (Construction & Roofing)
Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:-

Based on our understanding of the Group, the industry and discussions with management we identified Financial Reporting Standard 102 and Companies Act 2006 and UK taxation legislation.
We obtained an understanding of how the Group complies with these requirement by discussions with management and those charged with governance.
We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur and whether there had been known instances of non compliance or suspected non compliance with laws and regulations.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
Identify and assess the risks of the financial statements of the financial statements, whether due to fraud and error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, misrepresentations, or intentional omissions.
Enquiries of management regarding compliance of Laws & Regulations and any known instances of non compliance,;
Examining supporting documentation for all material balances, transactions and disclosures;
Evaluation of the selection and application of accounting policies;
Reviewing the appropriateness of journal entries made in the general ledger and other adjustments made in the preparation of financial statements;
Review of accounting estimates for bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
M & J Group (Construction & Roofing)
Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Howard Ashmore FCA (Senior Statutory Auditor)
for and on behalf of Godfrey Laws & Co Limited
Statutory Auditors
1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

4 September 2024

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Consolidated Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 54,066,631 48,074,713

Cost of sales 32,100,408 29,665,190
GROSS PROFIT 21,966,223 18,409,523

Administrative expenses 11,467,595 8,823,967
OPERATING PROFIT 4 10,498,628 9,585,556

Interest receivable and similar income 92,552 13,230
PROFIT BEFORE TAXATION 10,591,180 9,598,786

Tax on profit 5 2,509,964 1,403,518
PROFIT FOR THE FINANCIAL YEAR 8,081,216 8,195,268
Profit attributable to:
Owners of the parent 8,081,216 8,195,268

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Consolidated Other Comprehensive Income
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

PROFIT FOR THE YEAR 8,081,216 8,195,268


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

8,081,216

8,195,268

Total comprehensive income attributable to:
Owners of the parent 8,081,216 8,195,268

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Consolidated Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 1,273,942 1,203,032
Investments 10 - -
1,273,942 1,203,032

CURRENT ASSETS
Stocks 11 234,445 194,521
Debtors 12 10,821,491 10,990,720
Cash at bank and in hand 5,973,886 4,512,477
17,029,822 15,697,718
CREDITORS
Amounts falling due within one year 13 10,459,822 7,453,486
NET CURRENT ASSETS 6,570,000 8,244,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,843,942

9,447,264

PROVISIONS FOR LIABILITIES 15 187,191 151,729
NET ASSETS 7,656,751 9,295,535

CAPITAL AND RESERVES
Called up share capital 16 120 120
Retained earnings 17 7,656,631 9,295,415
SHAREHOLDERS' FUNDS 7,656,751 9,295,535

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





J W Henrickson - Director


M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Company Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 1,101,930 1,076,918
Investments 10 100 100
1,102,030 1,077,018

CURRENT ASSETS
Stocks 11 130,306 126,008
Debtors 12 10,861,768 10,931,026
Cash at bank and in hand 5,085,580 4,393,629
16,077,654 15,450,663
CREDITORS
Amounts falling due within one year 13 10,388,407 7,682,285
NET CURRENT ASSETS 5,689,247 7,768,378
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,791,277

8,845,396

PROVISIONS FOR LIABILITIES 15 144,455 122,343
NET ASSETS 6,646,822 8,723,053

CAPITAL AND RESERVES
Called up share capital 16 120 120
Retained earnings 17 6,646,702 8,722,933
SHAREHOLDERS' FUNDS 6,646,822 8,723,053

Company's profit for the financial year 7,643,769 8,087,259

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





J W Henrickson - Director


M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Consolidated Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 120 7,150,147 7,150,267

Changes in equity
Dividends - (6,050,000 ) (6,050,000 )
Total comprehensive income - 8,195,268 8,195,268
Balance at 31 December 2022 120 9,295,415 9,295,535

Changes in equity
Dividends - (9,720,000 ) (9,720,000 )
Total comprehensive income - 8,081,216 8,081,216
Balance at 31 December 2023 120 7,656,631 7,656,751

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Company Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 120 6,685,674 6,685,794

Changes in equity
Dividends - (6,050,000 ) (6,050,000 )
Total comprehensive income - 8,087,259 8,087,259
Balance at 31 December 2022 120 8,722,933 8,723,053

Changes in equity
Dividends - (9,720,000 ) (9,720,000 )
Total comprehensive income - 7,643,769 7,643,769
Balance at 31 December 2023 120 6,646,702 6,646,822

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Consolidated Cash Flow Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 13,847,061 8,296,273
Tax paid (2,400,216 ) (774,575 )
Net cash from operating activities 11,446,845 7,521,698

Cash flows from investing activities
Purchase of tangible fixed assets (365,265 ) (352,784 )
Sale of tangible fixed assets 7,277 16,300
Interest received 92,552 13,230
Net cash from investing activities (265,436 ) (323,254 )

Cash flows from financing activities
Amount withdrawn by directors - (42,355 )
Equity dividends paid (9,720,000 ) (6,050,000 )
Net cash from financing activities (9,720,000 ) (6,092,355 )

Increase in cash and cash equivalents 1,461,409 1,106,089
Cash and cash equivalents at beginning of
year

2

4,512,477

3,406,388

Cash and cash equivalents at end of year 2 5,973,886 4,512,477

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.12.23 31.12.22
£    £   
Profit before taxation 10,591,180 9,598,786
Depreciation charges 283,218 245,092
Loss/(profit) on disposal of fixed assets 3,859 (4,784 )
Finance income (92,552 ) (13,230 )
10,785,705 9,825,864
(Increase)/decrease in stocks (39,924 ) 32,690
Decrease/(increase) in trade and other debtors 169,229 (3,475,897 )
Increase in trade and other creditors 2,932,051 1,913,616
Cash generated from operations 13,847,061 8,296,273

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 5,973,886 4,512,477
Year ended 31 December 2022
31.12.22 1.1.22
£    £   
Cash and cash equivalents 4,512,477 3,406,388


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 4,512,477 1,461,409 5,973,886
4,512,477 1,461,409 5,973,886
Total 4,512,477 1,461,409 5,973,886

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

Notes to the Consolidated Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M & J Group (Construction & Roofing) Limited 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 General 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" and the Companies Act 2006. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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 - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

2. ACCOUNTING POLICIES - continued

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.

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

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Group's accounting policies, which are described above, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There are no key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

3. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 7,264,143 5,312,656
Social security costs 868,734 656,881
Other pension costs 116,982 255,318
8,249,859 6,224,855

The average number of employees during the year was as follows:
31.12.23 31.12.22

Directors 3 3
Office and administration 79 69
82 72

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2022 - NIL).

31.12.23 31.12.22
£    £   
Directors' remuneration 2,084,390 1,251,517

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

3. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
31.12.23 31.12.22
£    £   
Emoluments etc 1,618,096 716,928

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Hire of plant and machinery 3,542,339 3,212,763
Depreciation - owned assets 283,219 245,092
Loss/(profit) on disposal of fixed assets 3,859 (4,784 )
Auditors' remuneration 13,100 14,640
Auditors' remuneration for non audit work 5,660 7,105

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 2,474,502 1,779,817
Over prov Corp tax prev year - (454,931 )
Total current tax 2,474,502 1,324,886

Deferred tax:
Accelerated capital allowances 26,027 78,632
Change in tax rate 9,435 -
Total deferred tax 35,462 78,632

Tax on profit 2,509,964 1,403,518

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

5. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.23 31.12.22
£    £   
Profit before tax 10,591,180 9,598,786
Profit multiplied by the standard rate of corporation tax in the UK of
23.521 % (2022 - 19 %)

2,491,151

1,823,769

Effects of:
Expenses not deductible for tax purposes 12,644 5,260
Capital allowances in excess of depreciation (29,293 ) (49,212 )
Adjustments to tax charge in respect of previous periods - (454,931 )
Deferred taxation 35,462 78,632

Total tax charge 2,509,964 1,403,518

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


7. DIVIDENDS
31.12.23 31.12.22
£    £   
Interim 9,720,000 6,050,000

8. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 172,078
AMORTISATION
At 1 January 2023
and 31 December 2023 172,078
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 142,196 1,150,184 998,025 2,290,405
Additions 15,100 1,623 348,542 365,265
Disposals - - (82,347 ) (82,347 )
At 31 December 2023 157,296 1,151,807 1,264,220 2,573,323
DEPRECIATION
At 1 January 2023 48,846 482,597 555,930 1,087,373
Charge for year 21,690 66,921 194,608 283,219
Eliminated on disposal - - (71,211 ) (71,211 )
At 31 December 2023 70,536 549,518 679,327 1,299,381
NET BOOK VALUE
At 31 December 2023 86,760 602,289 584,893 1,273,942
At 31 December 2022 93,350 667,587 442,095 1,203,032

Company
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 124,270 1,150,184 749,845 2,024,299
Additions 11,713 1,623 250,261 263,597
Disposals - - (82,347 ) (82,347 )
At 31 December 2023 135,983 1,151,807 917,759 2,205,549
DEPRECIATION
At 1 January 2023 45,680 482,597 419,104 947,381
Charge for year 18,061 66,921 142,467 227,449
Eliminated on disposal - - (71,211 ) (71,211 )
At 31 December 2023 63,741 549,518 490,360 1,103,619
NET BOOK VALUE
At 31 December 2023 72,242 602,289 427,399 1,101,930
At 31 December 2022 78,590 667,587 330,741 1,076,918

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Lee Moore & Sons Roofing Services Limited
Registered office: Hammond Road, Elms Farm Industrial Estate, Bedford, Bedfordshire MK41 0UD
Nature of business: Roofing services
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 1,008,957 571,510
Profit for the year 4,437,447 3,108,008


11. STOCKS

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Stocks 234,445 194,521 130,306 126,008

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 5,991,946 4,645,625 5,998,215 4,647,270
Other debtors 39,844 - 176,404 -
Retentions 1,415,775 1,357,573 1,398,045 1,357,573
Requests for payment 2,889,320 3,495,431 2,873,765 3,495,431
Prepayments and accrued income 484,606 1,492,091 415,339 1,430,752
10,821,491 10,990,720 10,861,768 10,931,026

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade creditors 1,475,771 857,516 1,176,773 619,684
Tax 766,448 692,162 - 306,260
Social security and other taxes 226,830 186,009 208,482 169,213
VAT 1,705,799 1,209,949 1,878,194 1,417,195
Other creditors 61,123 5,668 61,123 5,668
Accrued expenses 6,223,851 4,502,182 7,063,835 5,164,265
10,459,822 7,453,486 10,388,407 7,682,285

14. SECURED DEBTS

A debenture is in place dated 22 December 2020 in favour of National Westminster Bank Plc containing a fixed charge and floating charge covering all assets of the company.

15. PROVISIONS FOR LIABILITIES

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Deferred tax
Accelerated capital allowances 187,191 151,729 144,455 122,343

Group
Deferred
tax
£   
Balance at 1 January 2023 151,729
Accelerated capital allowances 26,027
Change in tax rate 9,435
Balance at 31 December 2023 187,191

Company
Deferred
tax
£   
Balance at 1 January 2023 122,343
Accelerated Capital Allowances 14,303
Change in tax rate 7,809
Balance at 31 December 2023 144,455

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
12,000 Ordinary 1p 1p 120 120

17. RESERVES

Group
Retained
earnings
£   

At 1 January 2023 9,295,415
Profit for the year 8,081,216
Dividends (9,720,000 )
At 31 December 2023 7,656,631

Company
Retained
earnings
£   

At 1 January 2023 8,722,933
Profit for the year 7,643,769
Dividends (9,720,000 )
At 31 December 2023 6,646,702


18. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,836,400 were paid to the directors .

Roof Asset Management Consultancy Limited a company of which the directors are also directors
31.12.23 31.12.22
£    £   
Sales 256,462 241,763
Purchases 869,091 467,483
Amount due from related party 7,282 9,650
Amount due to related party 183,984 25,159

J Henrickson and D Henrickson directors of the company
31.12.23 31.12.22
£    £   
Rent paid 160,000 160,000

M & J Group (Construction & Roofing)
Limited (Registered number: 01371473)

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

18. RELATED PARTY DISCLOSURES - continued

Olney Rugby Football Club Limited a company of which D Henrickson is a director
31.12.23 31.12.22
£    £   
Sales - 88,690

19. SUBSIDIARY

The subsidiary Lee Moore & Sons Roofing Services Limited (registered number 09565026) are exempt from the requirements of the Act relating to the audit of individual accounts by virtue of s479A of the Companies Act 2006 . A guarantee under 479C of the Companies Act 2006 has been provided by the company on behalf of each the subsidiary company.