Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06741099 Mr Michael Jones M Jones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06741099 2023-08-31 06741099 2024-08-31 06741099 2023-09-01 2024-08-31 06741099 frs-core:CurrentFinancialInstruments 2024-08-31 06741099 frs-core:MotorVehicles 2024-08-31 06741099 frs-core:MotorVehicles 2023-09-01 2024-08-31 06741099 frs-core:MotorVehicles 2023-08-31 06741099 frs-core:PlantMachinery 2024-08-31 06741099 frs-core:PlantMachinery 2023-09-01 2024-08-31 06741099 frs-core:PlantMachinery 2023-08-31 06741099 frs-core:ShareCapital 2024-08-31 06741099 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06741099 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06741099 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06741099 frs-bus:SmallEntities 2023-09-01 2024-08-31 06741099 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06741099 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06741099 1 2023-09-01 2024-08-31 06741099 frs-bus:Director1 2023-09-01 2024-08-31 06741099 frs-countries:EnglandWales 2023-09-01 2024-08-31 06741099 2022-08-31 06741099 2023-08-31 06741099 2022-09-01 2023-08-31 06741099 frs-core:CurrentFinancialInstruments 2023-08-31 06741099 frs-core:ShareCapital 2023-08-31 06741099 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06741099
M & P Heating Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06741099
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,647 20,396
29,647 20,396
CURRENT ASSETS
Stocks 5 500 500
Debtors 6 4,443 1,390
Cash at bank and in hand 41,238 57,790
46,181 59,680
Creditors: Amounts Falling Due Within One Year 7 (36,890 ) (36,709 )
NET CURRENT ASSETS (LIABILITIES) 9,291 22,971
TOTAL ASSETS LESS CURRENT LIABILITIES 38,938 43,367
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (5,630 ) (3,875 )
NET ASSETS 33,308 39,492
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 33,208 39,392
SHAREHOLDERS' FUNDS 33,308 39,492
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Jones
Director
7th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M & P Heating Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06741099 . The registered office is 72 Anglian Way, Market Rasen, Lincolnshire, LN8 3RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Motor Vehicles 25% on cost
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2023 1,192 33,333 34,525
Additions - 36,811 36,811
Disposals - (33,333 ) (33,333 )
As at 31 August 2024 1,192 36,811 38,003
Depreciation
As at 1 September 2023 795 13,334 14,129
Provided during the period 198 7,362 7,560
Disposals - (13,333 ) (13,333 )
As at 31 August 2024 993 7,363 8,356
Net Book Value
As at 31 August 2024 199 29,448 29,647
As at 1 September 2023 397 19,999 20,396
5. Stocks
2024 2023
£ £
Stock 500 500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,443 1,390
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,891 6,398
Bank loans and overdrafts 32,857 20,062
Corporation tax 779 6,075
VAT 554 3,317
Accruals and deferred income 390 360
Director's loan account 419 497
36,890 36,709
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 5,630 3,875
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is M Jones by virtue of his ownership of 100% of the issued share capital in the company.
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