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Registered Number: 10899286
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 29 February 2024

for

MARK CONSTRUCTION (SW) LTD

Directors Mr M J Staughton
Mrs E L Staughton
Registered Number 10899286
Registered Office 5 Sandy Court
Ashleigh Way
Plymouth
Devon
PL7 5JX
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the period ended 29 February 2024.
Principal activities
The principal activity of the company in the year under review was that of construction.
Directors
The directors who have held office during the whole of the period were as follows:
Mr M J Staughton
Mrs E L Staughton


Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr M J Staughton
Director

Date approved: 08 November 2024
2
 
 
Notes
 
2024
£
  2022
£
Fixed assets      
Tangible fixed assets 3 13,520    21,271 
13,520    21,271 
Current assets      
Debtors 4 6,609    27,411 
Cash at bank and in hand 172    7,140 
6,781    34,551 
Creditors: amount falling due within one year 5 (34,327)   (46,736)
Net current assets (27,546)   (12,185)
 
Total assets less current liabilities (14,026)   9,086 
Creditors: amount falling due after more than one year 6 (6,758)   (4,533)
Provisions for liabilities 7 (2,569)   (4,041)
Net assets (23,353)   512 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (23,453)   412 
Shareholders' funds (23,353)   512 
 


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 November 2024 and were signed on its behalf by:


-------------------------------
Mr M J Staughton
Director
3
General Information
Mark Construction (SW) Ltd is a private company, limited by shares, registered in England and Wales, registration number 10899286, registration address 5 Sandy Court, Ashleigh Way, Plymouth, Devon, PL7 5JX.

The presentation currency is £ sterling.
1.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
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 taxation
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 yr Straight Line
Pension costs and other post-retirement benefits.
The company operates a defined contribution pension scheme. The contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 September 2022 19,574    29,375    373    49,322 
Additions     453    453 
Disposals      
At 29 February 2024 19,574    29,375    826    49,775 
Depreciation
At 01 September 2022 14,826    12,852    373    28,051 
Charge for period 1,781    6,196    227    8,204 
On disposals      
At 29 February 2024 16,607    19,048    600    36,255 
Net book values
Closing balance as at 29 February 2024 2,967    10,327    226    13,520 
Opening balance as at 01 September 2022 4,748    16,523      21,271 


4.

Debtors: amounts falling due within one year

2024
£
  2022
£
Other Debtors 6,609    27,411 
6,609    27,411 

5.

Creditors: amount falling due within one year

2024
£
  2022
£
Trade Creditors 2,785    16,716 
Bank Loans & Overdrafts 5,178    1,600 
Taxation and Social Security 9,390    7,865 
Other Creditors 16,974    20,555 
34,327    46,736 

6.

Creditors: amount falling due after more than one year

2024
£
  2022
£
Bank Loans & Overdrafts 6,758    4,533 
6,758    4,533 

7.

Provisions for liabilities

2024
£
  2022
£
Deferred Tax 2,569    4,041 
2,569    4,041 

8.

Director’s loan

Mr M J and Mrs E L Staughton

  2024
£
  2022
£
Balance outstanding at start of year (24,910) (7,696)
Amounts advanced (18,600) (19,437)
Amounts repaid 39,402  2,223 
Balance outstanding at end of year (4,108) (24,910)

9.

Ultimate controlling party

The ultimate controlling party is Mr M Staughton, due to his shareholding.
4