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REGISTERED NUMBER: 07242406 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

MM Fencing And Arenas Ltd

MM Fencing And Arenas Ltd (Registered number: 07242406)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MM Fencing And Arenas Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M Mather





REGISTERED OFFICE: 69 Hurstbrook
Coppull
Chorley
PR7 4QX





REGISTERED NUMBER: 07242406 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

MM Fencing And Arenas Ltd (Registered number: 07242406)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,615 179,834

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 122,557 209,061
Cash at bank 4,963 30,940
132,520 245,001
CREDITORS
Amounts falling due within one year 6 108,551 105,876
NET CURRENT ASSETS 23,969 139,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,584

318,959

CREDITORS
Amounts falling due after more than
one year

7

54,792

57,091
NET ASSETS 187,792 261,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,692 261,768
SHAREHOLDERS' FUNDS 187,792 261,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

MM Fencing And Arenas Ltd (Registered number: 07242406)

Balance Sheet - continued
31 August 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





M Mather - Director


MM Fencing And Arenas Ltd (Registered number: 07242406)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

MM Fencing And Arenas 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.

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 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 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.

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.

MM Fencing And Arenas Ltd (Registered number: 07242406)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 300,985 31,940 - 332,925
Additions 39,600 37,994 187 77,781
At 31 August 2023 340,585 69,934 187 410,706
DEPRECIATION
At 1 September 2022 151,760 1,331 - 153,091
Charge for year 26,167 12,808 25 39,000
At 31 August 2023 177,927 14,139 25 192,091
NET BOOK VALUE
At 31 August 2023 162,658 55,795 162 218,615
At 31 August 2022 149,225 30,609 - 179,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 108,328 200,655
CIS Deductions 14,229 8,406
122,557 209,061

MM Fencing And Arenas Ltd (Registered number: 07242406)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,001 10,000
Hire purchase contracts 29,541 26,793
Trade creditors 723 723
Tax 26,425 24,920
Social security and other taxes 18,152 12,307
VAT 21,457 28,524
Directors' current accounts 2 359
Accrued expenses 2,250 2,250
108,551 105,876

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,497 17,497
Hire purchase contracts 37,295 29,594
54,792 57,091