IRIS Accounts Production v24.3.0.553 06858336 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068583362023-03-31068583362024-03-31068583362023-04-012024-03-31068583362022-03-31068583362022-04-012023-03-31068583362023-03-3106858336ns15:EnglandWales2023-04-012024-03-3106858336ns14:PoundSterling2023-04-012024-03-3106858336ns10:Director12023-04-012024-03-3106858336ns10:Director22023-04-012024-03-3106858336ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106858336ns10:SmallEntities2023-04-012024-03-3106858336ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106858336ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106858336ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106858336ns10:FullAccounts2023-04-012024-03-3106858336ns10:RegisteredOffice2023-04-012024-03-3106858336ns5:CurrentFinancialInstruments2024-03-3106858336ns5:CurrentFinancialInstruments2023-03-3106858336ns5:Non-currentFinancialInstruments2024-03-3106858336ns5:Non-currentFinancialInstruments2023-03-3106858336ns5:ShareCapital2024-03-3106858336ns5:ShareCapital2023-03-3106858336ns5:RetainedEarningsAccumulatedLosses2024-03-3106858336ns5:RetainedEarningsAccumulatedLosses2023-03-3106858336ns5:PlantMachinery2023-04-012024-03-3106858336ns5:FurnitureFittings2023-04-012024-03-3106858336ns5:MotorVehicles2023-04-012024-03-3106858336ns5:ComputerEquipment2023-04-012024-03-3106858336ns5:PlantMachinery2023-03-3106858336ns5:FurnitureFittings2023-03-3106858336ns5:MotorVehicles2023-03-3106858336ns5:ComputerEquipment2023-03-3106858336ns5:PlantMachinery2024-03-3106858336ns5:FurnitureFittings2024-03-3106858336ns5:MotorVehicles2024-03-3106858336ns5:ComputerEquipment2024-03-3106858336ns5:PlantMachinery2023-03-3106858336ns5:FurnitureFittings2023-03-3106858336ns5:MotorVehicles2023-03-3106858336ns5:ComputerEquipment2023-03-3106858336ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106858336ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106858336ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3106858336ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106858336ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106858336ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106858336ns10:Director222023-03-3106858336ns10:Director222022-03-3106858336ns10:Director222023-04-012024-03-3106858336ns10:Director222022-04-012023-03-3106858336ns10:Director222024-03-3106858336ns10:Director222023-03-31068583361ns10:Director12023-03-31068583361ns10:Director12022-03-31068583361ns10:Director12023-04-012024-03-31068583361ns10:Director12022-04-012023-03-31068583361ns10:Director12024-03-31068583361ns10:Director12023-03-31
REGISTERED NUMBER: 06858336 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 March 2024

for

M & R DEVELOPMENTS & CONTRACTORS LTD

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & R DEVELOPMENTS & CONTRACTORS LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: M Cummings
A Hodgson





REGISTERED OFFICE: Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 06858336 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,967 50,837

CURRENT ASSETS
Debtors 5 137,336 212,662
Cash at bank 118,209 87,286
255,545 299,948
CREDITORS
Amounts falling due within one year 6 108,089 165,050
NET CURRENT ASSETS 147,456 134,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,423

185,735

CREDITORS
Amounts falling due after more than one
year

7

(23,325

)

(30,001

)

PROVISIONS FOR LIABILITIES (6,490 ) (3,229 )
NET ASSETS 183,608 152,505

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 183,606 152,503
SHAREHOLDERS' FUNDS 183,608 152,505

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

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

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Balance Sheet - continued
31 March 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 14 August 2024 and were signed on its behalf by:




M Cummings - Director



A Hodgson - Director


M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

M & R Developments & Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on 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.

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.

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.

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 38,100 1,041 36,000 8,202 83,343
Additions 67,253 - - - 67,253
Disposals - - (36,000 ) - (36,000 )
At 31 March 2024 105,353 1,041 - 8,202 114,596
DEPRECIATION
At 1 April 2023 28,161 529 1,455 2,361 32,506
Charge for year 15,730 208 4,500 1,640 22,078
Eliminated on disposal - - (5,955 ) - (5,955 )
At 31 March 2024 43,891 737 - 4,001 48,629
NET BOOK VALUE
At 31 March 2024 61,462 304 - 4,201 65,967
At 31 March 2023 9,939 512 34,545 5,841 50,837

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 10,500
DEPRECIATION
At 1 April 2023 9,625
Charge for year 875
At 31 March 2024 10,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,672 94,998
Other debtors 126,664 117,664
137,336 212,662

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,258 6,000
Hire purchase contracts - 1,500
Trade creditors 33,920 94,523
Taxation and social security 37,167 61,344
Other creditors 30,744 1,683
108,089 165,050

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,325 29,376
Hire purchase contracts - 625
23,325 30,001

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,525 9,579

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 2,125

The hire purchase liability is secured against the relevant asset.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A Hodgson
Balance outstanding at start of year 21,631 15,115
Amounts advanced 41,527 21,631
Amounts repaid (36,000 ) (15,115 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,158 21,631

M & R DEVELOPMENTS & CONTRACTORS LTD (REGISTERED NUMBER: 06858336)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M Cummings
Balance outstanding at start of year 57,210 15,115
Amounts advanced 48,565 57,210
Amounts repaid (36,000 ) (15,115 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,775 57,210

Directors loan accounts are repayable upon demand and interest has been charged at the appropriate rate throughout the year.