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REGISTERED NUMBER: 13525076 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 July 2024

for

ME Contracting Ltd

ME Contracting Ltd (Registered number: 13525076)






Contents of the Financial Statements
For The Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ME Contracting Ltd

Company Information
For The Year Ended 31 July 2024







DIRECTORS: S Berriman
M Bolt
M Dove
B Houghton





REGISTERED OFFICE: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 13525076 (England and Wales)





ACCOUNTANTS: TC Bromhead Limited
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

ME Contracting Ltd (Registered number: 13525076)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,471 189,277

CURRENT ASSETS
Stocks 204,792 26,698
Debtors 5 485,101 968,872
Cash at bank 491,897 760,988
1,181,790 1,756,558
CREDITORS
Amounts falling due within one year 6 770,008 1,136,474
NET CURRENT ASSETS 411,782 620,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

632,253

809,361

PROVISIONS FOR LIABILITIES 40,896 32,597
NET ASSETS 591,357 776,764

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 591,257 776,664
591,357 776,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

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 4 October 2024 and were signed on its behalf by:





B Houghton - Director


ME Contracting Ltd (Registered number: 13525076)

Notes to the Financial Statements
For The Year Ended 31 July 2024

1. STATUTORY INFORMATION

ME Contracting Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 21 (2023 - 9 ) .

ME Contracting Ltd (Registered number: 13525076)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 63,484 143,811 207,295
Additions - 70,315 70,315
At 31 July 2024 63,484 214,126 277,610
DEPRECIATION
At 1 August 2023 462 17,556 18,018
Charge for year 1,270 37,851 39,121
At 31 July 2024 1,732 55,407 57,139
NET BOOK VALUE
At 31 July 2024 61,752 158,719 220,471
At 31 July 2023 63,022 126,255 189,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 420,850 962,060
Other debtors 64,251 6,812
485,101 968,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 434,081 300,042
Taxation and social security 188,984 375,459
Other creditors 146,943 460,973
770,008 1,136,474