IRIS Accounts Production v24.3.2.46 08079307 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080793072023-06-30080793072024-06-30080793072023-07-012024-06-30080793072022-06-30080793072022-07-012023-06-30080793072023-06-3008079307ns15:EnglandWales2023-07-012024-06-3008079307ns14:PoundSterling2023-07-012024-06-3008079307ns10:Director12023-07-012024-06-3008079307ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008079307ns10:SmallEntities2023-07-012024-06-3008079307ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008079307ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008079307ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008079307ns10:FullAccounts2023-07-012024-06-3008079307ns10:Director22023-07-012024-06-3008079307ns10:RegisteredOffice2023-07-012024-06-3008079307ns5:CurrentFinancialInstruments2024-06-3008079307ns5:CurrentFinancialInstruments2023-06-3008079307ns5:Non-currentFinancialInstruments2024-06-3008079307ns5:Non-currentFinancialInstruments2023-06-3008079307ns5:ShareCapital2024-06-3008079307ns5:ShareCapital2023-06-3008079307ns5:RevaluationReserve2024-06-3008079307ns5:RevaluationReserve2023-06-3008079307ns5:RetainedEarningsAccumulatedLosses2024-06-3008079307ns5:RetainedEarningsAccumulatedLosses2023-06-3008079307ns5:PlantMachinery2023-06-3008079307ns5:FurnitureFittings2023-06-3008079307ns5:MotorVehicles2023-06-3008079307ns5:ComputerEquipment2023-06-3008079307ns5:PlantMachinery2023-07-012024-06-3008079307ns5:FurnitureFittings2023-07-012024-06-3008079307ns5:MotorVehicles2023-07-012024-06-3008079307ns5:ComputerEquipment2023-07-012024-06-3008079307ns5:PlantMachinery2024-06-3008079307ns5:FurnitureFittings2024-06-3008079307ns5:MotorVehicles2024-06-3008079307ns5:ComputerEquipment2024-06-3008079307ns5:PlantMachinery2023-06-3008079307ns5:FurnitureFittings2023-06-3008079307ns5:MotorVehicles2023-06-3008079307ns5:ComputerEquipment2023-06-3008079307ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008079307ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3008079307ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3008079307ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3008079307ns5:Secured2024-06-3008079307ns5:Secured2023-06-3008079307ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 08079307 (England and Wales)















MARFLEET CIVIL ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MARFLEET CIVIL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr R J Marfleet
Mrs L Marfleet





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 08079307 (England and Wales)

MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 361,722 372,964
Investment property 5 3,250,000 3,600,000
3,611,722 3,972,964

CURRENT ASSETS
Stocks 17,323 9,278
Debtors 6 79,980 766,587
Cash at bank 376,148 321,767
473,451 1,097,632
CREDITORS
Amounts falling due within one year 7 (77,943 ) (110,089 )
NET CURRENT ASSETS 395,508 987,543
TOTAL ASSETS LESS CURRENT LIABILITIES 4,007,230 4,960,507

CREDITORS
Amounts falling due after more than one
year

8

-

(610,000

)

PROVISIONS FOR LIABILITIES (242,912 ) (307,029 )
NET ASSETS 3,764,318 4,043,478

MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

BALANCE SHEET - continued
30 JUNE 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 639,893 923,393
Retained earnings 3,124,325 3,119,985
SHAREHOLDERS' FUNDS 3,764,318 4,043,478

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr R J Marfleet - Director


MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Marfleet Civil Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements
are rounded to the nearest Pound.

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 as modified by the revaluation of certain property, plant and equipment.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-10% - 25% Straight line
Motor Vehicles-25% Straight line
Fixtures & Fittings-25% Straight line

Freehold property is not depreciated on the grounds that the high residual value renders any depreciation charge immaterial. The director reviews the value on an annual basis for impairment.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 539,222 1,691 93,873 - 634,786
Additions 2,116 - - 1,298 3,414
At 30 June 2024 541,338 1,691 93,873 1,298 638,200
DEPRECIATION
At 1 July 2023 234,228 986 26,608 - 261,822
Charge for year 845 423 13,218 170 14,656
At 30 June 2024 235,073 1,409 39,826 170 276,478
NET BOOK VALUE
At 30 June 2024 306,265 282 54,047 1,128 361,722
At 30 June 2023 304,994 705 67,265 - 372,964


MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 3,600,000
Revaluations (350,000 )
At 30 June 2024 3,250,000
NET BOOK VALUE
At 30 June 2024 3,250,000
At 30 June 2023 3,600,000

At the year end the open market value of the investment property was considered by the director. The historic cost of the investment property was £2,473,969.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,031 4,184
Other debtors 50,600 735,409
Tax receivable 11,188 11,188
Prepayments and accrued income 11,161 15,806
79,980 766,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,467 10,311
Amounts due to related undertakings 4,338 4,338
Other taxes and social
security 8,558 8,032
Directors' loan accounts 1,080 158
Accruals and deferred income 62,500 87,250
77,943 110,089

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 610,000

MARFLEET CIVIL ENGINEERING LIMITED (REGISTERED NUMBER: 08079307)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 610,000

The bank loan was secured by way of a fixed and floating charge in favour of Allica Bank Limited over the assets of the company. The charge was satisfied on 1 June 2024.

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023 923,393
Revaluation (350,000 )
Deferred tax on revaluation 66,500

At 30 June 2024 639,893