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REGISTERED NUMBER: 04419668 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

M MONFREDI BUILDERS LTD

M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M MONFREDI BUILDERS LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M Monfredi





SECRETARY: B Hill





REGISTERED OFFICE: 106 Holme Lane
Sheffield
South Yorkshire
S6 4JW





REGISTERED NUMBER: 04419668 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 284,673 268,420

CURRENT ASSETS
Stocks 45,000 615,000
Debtors 5 294,059 369,518
Cash at bank and in hand 419,053 43,779
758,112 1,028,297
CREDITORS
Amounts falling due within one year 6 246,801 154,108
NET CURRENT ASSETS 511,311 874,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,984

1,142,609

CREDITORS
Amounts falling due after more than one
year

7

(90,632

)

(404,655

)

PROVISIONS FOR LIABILITIES (12,260 ) (9,326 )
NET ASSETS 693,092 728,628

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 693,090 728,626
SHAREHOLDERS' FUNDS 693,092 728,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2024 and were signed by:





M Monfredi - Director


M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

M Monfredi Builders 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 219,678 187,798 407,476
Additions - 32,500 32,500
At 30 April 2024 219,678 220,298 439,976
DEPRECIATION
At 1 May 2023 - 139,056 139,056
Charge for year - 16,247 16,247
At 30 April 2024 - 155,303 155,303
NET BOOK VALUE
At 30 April 2024 219,678 64,995 284,673
At 30 April 2023 219,678 48,742 268,420

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 36,153
Additions 32,500
At 30 April 2024 68,653
DEPRECIATION
At 1 May 2023 17,750
Charge for year 10,180
At 30 April 2024 27,930
NET BOOK VALUE
At 30 April 2024 40,723
At 30 April 2023 18,403

5. DEBTORS
30/4/24 30/4/23
£    £   
Amounts falling due within one year:
Other debtors 32,394 107,853

M MONFREDI BUILDERS LTD (REGISTERED NUMBER: 04419668)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS - continued
30/4/24 30/4/23
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 261,665 261,665

Aggregate amounts 294,059 369,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Hire purchase contracts 3,435 5,330
Trade creditors 74,297 53,925
Taxation and social security 23,326 20,207
Other creditors 145,743 74,646
246,801 154,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans - 399,396
Hire purchase contracts 33,421 5,259
Amounts owed to group undertakings 57,211 -
90,632 404,655

8. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Bank loans - 399,396

Land, buildings and machinery at Hill Street Elsecar Barnsley.