IRIS Accounts Production v24.3.0.553 09993439 director 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099934392023-02-28099934392024-02-29099934392023-03-012024-02-29099934392022-02-28099934392022-03-012023-02-28099934392023-02-2809993439ns15:EnglandWales2023-03-012024-02-2909993439ns14:PoundSterling2023-03-012024-02-2909993439ns10:Director12023-03-012024-02-2909993439ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2909993439ns10:SmallEntities2023-03-012024-02-2909993439ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2909993439ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2909993439ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2909993439ns10:FullAccounts2023-03-012024-02-2909993439ns10:RegisteredOffice2023-03-012024-02-2909993439ns5:CurrentFinancialInstruments2024-02-2909993439ns5:CurrentFinancialInstruments2023-02-2809993439ns5:Non-currentFinancialInstruments2024-02-2909993439ns5:Non-currentFinancialInstruments2023-02-2809993439ns5:ShareCapital2024-02-2909993439ns5:ShareCapital2023-02-2809993439ns5:RetainedEarningsAccumulatedLosses2024-02-2909993439ns5:RetainedEarningsAccumulatedLosses2023-02-2809993439ns5:PlantMachinery2023-03-012024-02-2909993439ns5:MotorVehicles2023-03-012024-02-2909993439ns5:PlantMachinery2023-02-2809993439ns5:MotorVehicles2023-02-2809993439ns5:PlantMachinery2024-02-2909993439ns5:MotorVehicles2024-02-2909993439ns5:PlantMachinery2023-02-2809993439ns5:MotorVehicles2023-02-2809993439ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2909993439ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28099934391ns10:Director12023-02-28099934391ns10:Director12022-02-28099934391ns10:Director12023-03-012024-02-29099934391ns10:Director12022-03-012023-02-28099934391ns10:Director12024-02-29099934391ns10:Director12023-02-28
REGISTERED NUMBER: 09993439 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MLF CONTRACTORS LTD

MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

MLF CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M K Furlong





REGISTERED OFFICE: 203 The Serpentine North
Blundellsands
Liverpool
Merseyside
L23 6TJ





REGISTERED NUMBER: 09993439 (England and Wales)





ACCOUNTANTS: John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH

MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,857 1

CURRENT ASSETS
Stocks 21,950 19,950
Debtors 5 133,107 99,823
Cash at bank 66,012 8,446
221,069 128,219
CREDITORS
Amounts falling due within one year 6 105,231 101,507
NET CURRENT ASSETS 115,838 26,712
TOTAL ASSETS LESS CURRENT LIABILITIES 122,695 26,713

CREDITORS
Amounts falling due after more than one year 7 (21,583 ) (25,695 )

PROVISIONS FOR LIABILITIES (1,714 ) -
NET ASSETS 99,398 1,018

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 98,398 18
99,398 1,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

BALANCE SHEET - continued
29 FEBRUARY 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





M K Furlong - Director


MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

MLF Contractors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools & equipment - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Tools & Motor
equipment vehicles Totals
£    £    £   
COST
At 1 March 2023 2,000 - 2,000
Additions - 8,570 8,570
At 29 February 2024 2,000 8,570 10,570
DEPRECIATION
At 1 March 2023 1,999 - 1,999
Charge for year - 1,714 1,714
At 29 February 2024 1,999 1,714 3,713
NET BOOK VALUE
At 29 February 2024 1 6,856 6,857
At 28 February 2023 1 - 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 54,692 34,215
Amounts recoverable on contracts 20,969 29,973
Other debtors 57,446 35,635
133,107 99,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,111 4,111
Trade creditors 6,933 4,123
Taxation and social security 91,861 89,318
Other creditors 2,326 3,955
105,231 101,507

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 21,583 25,695

MLF CONTRACTORS LTD (REGISTERED NUMBER: 09993439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following interest free advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
M K Furlong
Balance outstanding at start of year 1,428 612
Amounts advanced 10,242 112,222
Amounts repaid (11,670 ) (111,406 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,428

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MLF CONTRACTORS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MLF Contractors Ltd for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MLF Contractors Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MLF Contractors Ltd and state those matters that we have agreed to state to the director of MLF Contractors Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MLF Contractors Ltd and its director for our work or for this report.

It is your duty to ensure that MLF Contractors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MLF Contractors Ltd. You consider that MLF Contractors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MLF Contractors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






John Kerr - Chartered Accountants
375 Eaton Road
West Derby
Liverpool
Merseyside
L12 2AH


28 November 2024