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REGISTERED NUMBER: 07242406 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2022

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 2022




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 2022







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 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,834 227,447

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 209,061 233,605
Prepayments and accrued income - 1,423
Cash at bank 30,940 60,019
245,001 300,047
CREDITORS
Amounts falling due within one year 6 105,876 88,188
NET CURRENT ASSETS 139,125 211,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,959

439,306

CREDITORS
Amounts falling due after more than
one year

7

57,091

97,087
NET ASSETS 261,868 342,219

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 261,768 342,119
SHAREHOLDERS' FUNDS 261,868 342,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 2022


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 2022

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 2022

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 1 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2021 401,274 28,881 430,155
Additions 13,250 31,940 45,190
Disposals (113,539 ) (28,881 ) (142,420 )
At 31 August 2022 300,985 31,940 332,925
DEPRECIATION
At 1 September 2021 179,281 23,427 202,708
Charge for year 24,838 1,331 26,169
Eliminated on disposal (52,359 ) (23,427 ) (75,786 )
At 31 August 2022 151,760 1,331 153,091
NET BOOK VALUE
At 31 August 2022 149,225 30,609 179,834
At 31 August 2021 221,993 5,454 227,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
** Suspense account ** - 9,034
Trade debtors 200,655 208,038
CIS Deductions 8,406 4,861
Directors' current accounts - 11,672
209,061 233,605

MM Fencing And Arenas Ltd (Registered number: 07242406)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 9,693
Hire purchase contracts 26,793 23,143
Trade creditors 723 8,749
Tax 24,920 11,786
Social security and other taxes 12,307 (7,191 )
VAT 28,524 37,688
Directors' current accounts 359 -
Accrued expenses 2,250 4,320
105,876 88,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 9,693
Bank loans - 2-5 years 17,497 27,805
Hire purchase contracts 29,594 59,589
57,091 97,087