Company registration number 14702595 (England and Wales)
M J CIVILS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
M J CIVILS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
M J CIVILS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
184,905
Current assets
Debtors
4
74,647
Cash at bank and in hand
5,941
80,588
Creditors: amounts falling due within one year
5
(402,140)
Net current liabilities
(321,552)
Total assets less current liabilities
(136,647)
Creditors: amounts falling due after more than one year
6
(4,293)
Net liabilities
(140,940)
Capital and reserves
Called up share capital
7
1
Profit and loss reserves
(140,941)
Total equity
(140,940)

For the financial period ended 31 March 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 December 2024 and are signed on its behalf by:
Mr J J O'Grady
Director
Company registration number 14702595 (England and Wales)
M J CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

M J Civils Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the financial support of its directors in order to meet its liabilities as they fall due. The directors have indicated that this support will continue for the foreseeable future and, as a result, have continued to adopt the going concern basis in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
15% reducing balance
Fixtures and fittings
15% straight line
Computer equipment
20% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

M J CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

M J CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 3 March 2023
-
0
Additions
221,191
At 31 March 2024
221,191
Depreciation and impairment
At 3 March 2023
-
0
Depreciation charged in the period
36,286
At 31 March 2024
36,286
Carrying amount
At 31 March 2024
184,905

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

2024
£
25,442
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
63,966
Other debtors
10,681
74,647

Other debtors include amounts owed by related parties of £6,500.

M J CIVILS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
£
Obligations under finance leases
10,032
Trade creditors
10,587
Taxation and social security
11,195
Other creditors
365,625
Accruals and deferred income
4,701
402,140

Other creditors comprise amounts owed to a close family member of a director of £365,625.

 

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

6
Creditors: amounts falling due after more than one year
2024
£
Obligations under finance leases
4,293
7
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
1
1
2024-03-312023-03-03false03 December 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr J J StaffordMr J J O'GradyMr M J O'Gradyfalsefalse147025952023-03-032024-03-31147025952024-03-3114702595core:OtherPropertyPlantEquipment2024-03-3114702595core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3114702595core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3114702595core:CurrentFinancialInstruments2024-03-3114702595core:ShareCapital2024-03-3114702595core:RetainedEarningsAccumulatedLosses2024-03-3114702595bus:Director22023-03-032024-03-3114702595core:PlantMachinery2023-03-032024-03-3114702595core:FurnitureFittings2023-03-032024-03-3114702595core:ComputerEquipment2023-03-032024-03-3114702595core:MotorVehicles2023-03-032024-03-3114702595core:OtherPropertyPlantEquipment2023-03-0214702595core:OtherPropertyPlantEquipment2023-03-032024-03-3114702595core:WithinOneYear2024-03-3114702595core:Non-currentFinancialInstruments2024-03-3114702595bus:PrivateLimitedCompanyLtd2023-03-032024-03-3114702595bus:SmallCompaniesRegimeForAccounts2023-03-032024-03-3114702595bus:FRS1022023-03-032024-03-3114702595bus:AuditExemptWithAccountantsReport2023-03-032024-03-3114702595bus:Director12023-03-032024-03-3114702595bus:Director32023-03-032024-03-3114702595bus:FullAccounts2023-03-032024-03-31xbrli:purexbrli:sharesiso4217:GBP