MKC GROUNDWORK LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 MARCH 2024 | |
Company registered number: |
|||||
ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
|||||
Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 | ||||
CURRENT ASSETS | |||||
Inventories | |||||
Debtors | 4 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 5 | ||||
NET CURRENT ASSETS | |||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
CREDITORS: Amounts falling due after more than one year | 6 | ( |
( |
||
NET ASSETS | £ |
£ |
|||
CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
|||
page 1 | |
Company registered number: |
|||||
ABRIDGED STATEMENT OF FINANCIAL POSITION AT |
|||||
In approving these financial statements as directors of the company we hereby confirm the following: | |||
All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444 (2A) of the Companies Act 2006 | |||
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered |
|||
The financial statements were approved and authorised for issue by the board of directors on |
|||
Signed on behalf of the board of directors | |||
page 2 | |
MKC GROUNDWORK LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
MKC Groundwork Limited is a private company limited by shares incorporated in |
||||
Registered office: | ||||
Bolton Lancashire BL1 2DD |
||||
1b. | Basis of accounting | |||
1c. | Revenue recognition | |||
1d. | Taxation | |||
1e. | Fixed assets | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Computer equipment |
1f. | Stocks and work in progress | |||
page 3 | |
MKC GROUNDWORK LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1g. | Leased assets | |||
1h. | Employee benefits | |||
2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
page 4 | |
MKC GROUNDWORK LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2024 |
3. | TANGIBLE FIXED ASSETS | |||||
Motor | Plant & | Fixtures & | Computer | |||
Vehicles | Machinery | Fittings | Equipment | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 April 2023 | ||||||
Additions other than through business combinations | ||||||
Disposals | ( |
( |
( |
( |
( |
|
At 31 March 2024 | ||||||
Depreciation | ||||||
At 1 April 2023 | ||||||
Disposals | ( |
( |
( |
( |
( |
|
For the year | ||||||
At 31 March 2024 | ||||||
Net Book Amounts | ||||||
At 31 March 2024 | ||||||
At 31 March 2023 | ||||||
4. | DEBTORS :AMOUNTS FALLING DUE WITHIN ONE YEAR | 2024 | 2023 |
£ | £ | ||
Trade debtors | |||
Social security and other taxes | |||
Other debtors | |||
£ |
£ |
||
page 5 | |
MKC GROUNDWORK LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Debenture loans | 58,333 | 33,333 | |
Bank loans and overdrafts | 19,086 | - | |
Finance leases and hire purchase contracts | |||
Trade creditors | |||
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
||
Of the creditors falling due within and after more than one year, the obligations under hire purchase contracts totalling £250,599 are secured on the assets concerned. The bank loan and overdraft are secured by a debenture over the company's assets. |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Bank loans and overdrafts | |||
Other loans | |||
Finance leases and hire purchase contracts | |||
£ |
£ |
||
Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
leases | |||
other | |||
within 1-2 years | |||
bank | |||
other | |||
within 2-5 years | |||
bank | |||
leases | |||
other | |||
£426,293 | £298,471 | ||
page 6 |