Registered number
09736421
MLE CONSTRUCTION LIMITED
Filleted Accounts
30 April 2024
MLE CONSTRUCTION LIMITED
Registered number: 09736421
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 66,662 44,615
Current assets
Debtors 4 543,468 560,503
Cash at bank and in hand 61,278 122,236
604,746 682,739
Creditors: amounts falling due within one year 5 (129,494) (286,597)
Net current assets 475,252 396,142
Total assets less current liabilities 541,914 440,757
Creditors: amounts falling due after more than one year 6 (34,170) (20,897)
Provisions for liabilities (12,666) (8,477)
Net assets 495,078 411,383
Capital and reserves
Called up share capital 100 100
Profit and loss account 494,978 411,283
Shareholder's funds 495,078 411,383
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Drew
Director
Approved by the board on 31 January 2025
MLE CONSTRUCTION LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment's 33.33% SLM
Computer Equipment's 33.33% SLM
Plant and machinery 15% WDV
Motor Vehicle 33.33% SLM
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 67,313 86,420 153,733
Additions 1,869 37,965 39,834
Disposals - (43,039) (43,039)
At 30 April 2024 69,182 81,346 150,528
Depreciation
At 1 May 2023 28,961 80,157 109,118
Charge for the year 13,706 4,081 17,787
On disposals - (43,039) (43,039)
At 30 April 2024 42,667 41,199 83,866
Net book value
At 30 April 2024 26,515 40,147 66,662
At 30 April 2023 38,352 6,263 44,615
4 Debtors 2024 2023
£ £
Trade debtors 175,002 310,503
Amounts owed by group undertakings and undertakings in which the company has a participating interest 354,436 245,000
Other debtors 14,030 5,000
543,468 560,503
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,388 10,000
Obligations under finance lease and hire purchase contracts 3,155 1,827
Trade creditors 69,239 58,152
Taxation and social security costs 46,612 116,577
Other creditors 1,100 100,041
129,494 286,597
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,488 20,897
Obligations under finance lease and hire purchase contracts 22,682 -
34,170 20,897
7 Other information
MLE CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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