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REGISTERED NUMBER: 09393131 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MHR Joinery Limited

MHR Joinery Limited (Registered number: 09393131)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MHR Joinery Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M H Revitt
Mrs C E Revitt





REGISTERED OFFICE: Croft House
9 Nook End
Stannington
Sheffield
S6 6AR





REGISTERED NUMBER: 09393131 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

MHR Joinery Limited (Registered number: 09393131)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,844 20,631

CURRENT ASSETS
Debtors 5 32,350 54,121
Cash at bank and in hand 76,036 11,250
108,386 65,371
CREDITORS
Amounts falling due within one year 6 (69,056 ) (62,304 )
NET CURRENT ASSETS 39,330 3,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,174

23,698

CREDITORS
Amounts falling due after more than one
year

7

(59,362

)

(34,894

)
NET ASSETS/(LIABILITIES) 24,812 (11,196 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8 24,802 (11,206 )
SHAREHOLDERS' FUNDS 24,812 (11,196 )

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

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

MHR Joinery Limited (Registered number: 09393131)

Balance Sheet - continued
31 January 2024


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 15 October 2024 and were signed on its behalf by:





M H Revitt - Director


MHR Joinery Limited (Registered number: 09393131)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

MHR Joinery 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.

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 represented by the invoice of joinery services net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MHR Joinery Limited (Registered number: 09393131)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 7,048 49,000 5,273 61,321
Additions 1,980 36,296 - 38,276
Disposals - (17,000 ) - (17,000 )
At 31 January 2024 9,028 68,296 5,273 82,597
DEPRECIATION
At 1 February 2023 4,703 33,041 2,946 40,690
Charge for year 865 9,880 466 11,211
Eliminated on disposal - (14,148 ) - (14,148 )
At 31 January 2024 5,568 28,773 3,412 37,753
NET BOOK VALUE
At 31 January 2024 3,460 39,523 1,861 44,844
At 31 January 2023 2,345 15,959 2,327 20,631

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 36,296
At 31 January 2024 36,296
DEPRECIATION
Charge for year 7,259
At 31 January 2024 7,259
NET BOOK VALUE
At 31 January 2024 29,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 3,149 360
Amounts recoverable on contract - 37,000
Other debtors 16,761 16,761
VAT 12,440 -
32,350 54,121

MHR Joinery Limited (Registered number: 09393131)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,103 6,103
Hire purchase contracts 7,222 -
Trade creditors 8,037 20,433
Tax 13,498 12,090
Social security and other taxes 485 828
VAT - 777
Other creditors 6,200 6,200
Directors' current accounts 25,611 13,973
Accrued expenses 1,900 1,900
69,056 62,304

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 6,103 6,103
Bank loans - 2-5 years 18,309 18,309
Other loans more 5yrs instal 8,933 10,482
Hire purchase contracts 26,017 -
59,362 34,894

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 8,933 10,482

8. RESERVES
Retained
earnings
£   

At 1 February 2023 (11,206 )
Profit for the year 70,008
Dividends (34,000 )
At 31 January 2024 24,802

9. ULTIMATE CONTROLLING PARTY

The controlling party is M H Revitt.

The ultimate controlling party is M H Revitt.