Company Registration No. 07120671 (England and Wales)
Medway Civils & Utilities Ltd
Unaudited accounts
for the year ended 29 February 2024
Medway Civils & Utilities Ltd
Unaudited accounts
Contents
Medway Civils & Utilities Ltd
Company Information
for the year ended 29 February 2024
Directors
Michael Convey
Kevin Moran
Paul O'Connell
Company Number
07120671 (England and Wales)
Registered Office
Whitelodge
70 Chatham Road
Nr Aylesford
Kent
ME20 7EQ
Medway Civils & Utilities Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
49,675
65,862
Cash at bank and in hand
704,954
24,820
Creditors: amounts falling due within one year
(1,327,091)
(1,179,709)
Net current assets/(liabilities)
132,828
(656,662)
Total assets less current liabilities
224,503
(548,800)
Creditors: amounts falling due after more than one year
(175,000)
(753,060)
Net assets/(liabilities)
49,503
(1,301,860)
Profit and loss account
49,503
(1,301,860)
Shareholders' funds
49,503
(1,301,860)
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 directors acknowledge their 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 of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by
Michael Convey
Director
Company Registration No. 07120671
Medway Civils & Utilities Ltd
Notes to the Accounts
for the year ended 29 February 2024
Medway Civils & Utilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 07120671. The registered office is Whitelodge, 70 Chatham Road, Nr Aylesford, Kent, ME20 7EQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Other income relates to HMRC Coronavirus Job Retention Scheme.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
20,558
275,603
12,500
23,687
332,348
Additions
-
1,267
-
-
1,267
At 29 February 2024
20,558
276,870
12,500
23,687
333,615
At 1 March 2023
18,502
215,911
11,182
20,891
266,486
Charge for the year
514
14,923
1,318
699
17,454
At 29 February 2024
19,016
230,834
12,500
21,590
283,940
At 29 February 2024
1,542
46,036
-
2,097
49,675
At 28 February 2023
2,056
59,692
1,318
2,796
65,862
Medway Civils & Utilities Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Investments
Other investments
Valuation at 1 March 2023
42,000
Valuation at 29 February 2024
42,000
Amounts falling due within one year
Trade debtors
21,639
252,471
Accrued income and prepayments
502,042
-
Other debtors
206,000
206,000
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
30,685
68,612
Trade creditors
539,123
532,724
Taxes and social security
95,428
55,827
Other creditors
587,308
522,546
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
175,000
175,000
Taxes and social security
-
207,282
Loans from directors
-
370,778
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Average number of employees
During the year the average number of employees was 10 (2023: 10).