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REGISTERED NUMBER: 10477165 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MYRIAD CONTRACTS GROUP LIMITED

MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MYRIAD CONTRACTS GROUP LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: S M Cuthbert
P J Durrans
S D Sharp
L Holden
A N Totham
J S Cuthbert
S H Whitaker





REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ





REGISTERED NUMBER: 10477165 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,128,837 447,353
1,128,837 447,353

CURRENT ASSETS
Stocks 76,607 38,169
Debtors 1,952,069 2,443,075
Prepayments and accrued income 24,030 67,304
Cash at bank and in hand 2,019,214 1,903,399
4,071,920 4,451,947
CREDITORS
Amounts falling due within one year 1,912,887 2,333,287
NET CURRENT ASSETS 2,159,033 2,118,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,287,870

2,566,013

PROVISIONS FOR LIABILITIES 204,575 61,053
NET ASSETS 3,083,295 2,504,960

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 3,083,196 2,504,861
SHAREHOLDERS' FUNDS 3,083,295 2,504,960

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.

MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2024 and were signed on its behalf by:





P J Durrans - Director


MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Myriad Contracts Group 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 Company Information page.

Directors undertaking
Mr Cuthbert, Mr Durrans and Mr Sharp are all subject to a disqualification undertaking and have been given permission to act as directors of Myriad Contracts Group Limited subject to and upon following the conditions set out in a court order dated 26 February 2020.

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 represents the value of work done in respect of the completion of building contracts, net of value added tax and discounts. Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion.

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 three 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 etc - 25% on reducing balance and 20% on reducing balance

Work in progress and amounts recoverable on contracts
Work in progress is classified as contracts which have only just commenced where it would not be appropriate to bring in an element of profit.

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

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion and is included in amounts recoverable on contracts.

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.

MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 105,750
AMORTISATION
At 1 January 2023
and 31 December 2023 105,750
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

MYRIAD CONTRACTS GROUP LIMITED (REGISTERED NUMBER: 10477165)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 859,378
Additions 900,679
Disposals (156,374 )
At 31 December 2023 1,603,683
DEPRECIATION
At 1 January 2023 412,025
Charge for year 173,886
Eliminated on disposal (111,065 )
At 31 December 2023 474,846
NET BOOK VALUE
At 31 December 2023 1,128,837
At 31 December 2022 447,353