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Company Registration No. 12457016 (England and Wales)
M&M Driveways Limited Unaudited accounts for the year ended 29 February 2024
M&M Driveways Limited Unaudited accounts Contents
Page
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M&M Driveways Limited Company Information for the year ended 29 February 2024
Director
Liam Mountford
Company Number
12457016 (England and Wales)
Registered Office
Super Storage Progress Foundry Leek New Road Stoke-on-Trent Staffordshire ST6 2AS
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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M&M Driveways Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,664 
21,441 
Current assets
Inventories
2,000 
7,000 
Debtors
5,819 
4,135 
Cash at bank and in hand
219 
163 
8,038 
11,298 
Creditors: amounts falling due within one year
(29,477)
(34,409)
Net current liabilities
(21,439)
(23,111)
Total assets less current liabilities
(3,775)
(1,670)
Provisions for liabilities
Deferred tax
(3,357)
(4,074)
Net liabilities
(7,132)
(5,744)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,232)
(5,844)
Shareholders' funds
(7,132)
(5,744)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Liam Mountford Director Company Registration No. 12457016
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M&M Driveways Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
M&M Driveways Limited is a private company, limited by shares, registered in England and Wales, registration number 12457016. The registered office is Super Storage Progress Foundry, Leek New Road, Stoke-on-Trent, Staffordshire, ST6 2AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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M&M Driveways Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
23,572 
12,500 
450 
36,522 
At 29 February 2024
23,572 
12,500 
450 
36,522 
Depreciation
At 1 March 2023
7,726 
7,227 
128 
15,081 
Charge for the year
2,377 
1,318 
82 
3,777 
At 29 February 2024
10,103 
8,545 
210 
18,858 
Net book value
At 29 February 2024
13,469 
3,955 
240 
17,664 
At 28 February 2023
15,846 
5,273 
322 
21,441 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,400 
Accrued income and prepayments
1,067 
- 
Other debtors
4,752 
1,735 
5,819 
4,135 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
25,000 
25,000 
VAT
1,365 
3,167 
Taxes and social security
2,812 
5,343 
Accruals
300 
899 
29,477 
34,409 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
80 A Ordinary of £1 each
80 
80 
20 B Ordinary of £1 each
20 
20 
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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