Registered number
13299558
MY CIVIL ENGINEERS LTD
Filleted Accounts
31 March 2024
MY CIVIL ENGINEERS LTD
Report to the directors on the preparation of the unaudited statutory accounts of MY CIVIL ENGINEERS LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MY CIVIL ENGINEERS LTD for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
1st Cloud Accountants
1st Cloud Accountants
Chartered Certified Accountants
Analysis House
117 - 119 Sea Road
Fulwell
Sunderland
SR5 1PS
28 August 2024
MY CIVIL ENGINEERS LTD
Registered number: 13299558
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 114,839 80,641
Current assets
Debtors 4 51,472 313,099
Cash at bank and in hand 332,948 257,918
384,420 571,017
Creditors: amounts falling due within one year 5 (86,546) (166,466)
Net current assets 297,874 404,551
Total assets less current liabilities 412,713 485,192
Creditors: amounts falling due after more than one year 6 (35,919) (42,002)
Provisions for liabilities (22,138) (20,160)
Net assets 354,656 423,030
Capital and reserves
Called up share capital 1 1
Profit and loss account 354,655 423,029
Shareholder's funds 354,656 423,030
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Young
Director
Approved by the board on 28 August 2024
MY CIVIL ENGINEERS LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 - 99,837 99,837
Additions 57,391 4,113 61,504
At 31 March 2024 57,391 103,950 161,341
Depreciation
At 1 April 2023 - 19,196 19,196
Charge for the year 1,680 25,626 27,306
At 31 March 2024 1,680 44,822 46,502
Net book value
At 31 March 2024 55,711 59,128 114,839
At 31 March 2023 - 80,641 80,641
4 Debtors 2024 2023
£ £
Trade debtors 51,472 290,422
Other debtors - 22,677
51,472 313,099
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 19,283 27,944
Directors loan account 371 63
Trade creditors 44,193 41,491
Taxation and social security costs 20,199 94,993
Other creditors 2,500 1,975
86,546 166,466
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 35,919 42,002
7 Other information
MY CIVIL ENGINEERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
65 Aberford Drive
Houghton Le Spring
England
DH4 4ZH
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