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REGISTERED NUMBER: 05392469 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

MARK STUBBS CONTRACTORS LIMITED

MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,549 33,472
Investments 5 500 500
21,049 33,972

CURRENT ASSETS
Debtors 6 215,422 175,872
Cash at bank 129,185 90,079
344,607 265,951
CREDITORS
Amounts falling due within one year 7 15,713 6,709
NET CURRENT ASSETS 328,894 259,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,943

293,214

CREDITORS
Amounts falling due after more than one year 8 5,067 8,267
NET ASSETS 344,876 284,947

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 344,776 284,847
344,876 284,947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr M G Stubbs - Director


MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)

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

1. STATUTORY INFORMATION

Mark Stubbs Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05392469

Registered office: Rawnslow Farm
Sandon Bank
Stafford
Staffordshire
ST18 9TE

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.

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 is recognised when significant risks and rewards of ownership of the goods and services have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)

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

2. 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 384,834 27,149 4,669 416,652
Disposals (25,500 ) (27,149 ) - (52,649 )
At 31 December 2023 359,334 - 4,669 364,003
DEPRECIATION
At 1 January 2023 358,813 20,706 3,661 383,180
Charge for year 4,849 - 252 5,101
Eliminated on disposal (24,121 ) (20,706 ) - (44,827 )
At 31 December 2023 339,541 - 3,913 343,454
NET BOOK VALUE
At 31 December 2023 19,793 - 756 20,549
At 31 December 2022 26,021 6,443 1,008 33,472

MARK STUBBS CONTRACTORS LIMITED (REGISTERED NUMBER: 05392469)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 500
NET BOOK VALUE
At 31 December 2023 500
At 31 December 2022 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,360 -
Amounts owed by group undertakings 199,062 175,872
215,422 175,872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,200 3,200
Trade creditors 7,028 2,414
Taxation and social security 4,735 345
Other creditors 750 750
15,713 6,709

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 5,067 8,267