M.A.M. CONTRACTING LIMITED

Company Registration Number:
SC273835 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

M.A.M. CONTRACTING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

M.A.M. CONTRACTING LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,997,836 1,848,799
Total fixed assets: 1,997,836 1,848,799
Current assets
Stocks: 4 329,086 321,350
Debtors: 5 1,388,011 1,548,353
Cash at bank and in hand: 260,024 569,964
Total current assets: 1,977,121 2,439,667
Creditors: amounts falling due within one year: 6 ( 800,105 ) ( 1,052,202 )
Net current assets (liabilities): 1,177,016 1,387,465
Total assets less current liabilities: 3,174,852 3,236,264
Creditors: amounts falling due after more than one year: 7 ( 444,533 ) ( 437,196 )
Provision for liabilities: ( 354,678 ) ( 337,040 )
Total net assets (liabilities): 2,375,641 2,462,028
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,374,641 2,461,028
Total Shareholders' funds: 2,375,641 2,462,028

The notes form part of these financial statements

M.A.M. CONTRACTING LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 January 2025
and signed on behalf of the board by:

Name: Michael Melville
Status: Director

The notes form part of these financial statements

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Plant and machinery 15% straight line Furniture and fittings 25% straight line Motor vehicles 25% straight line

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 40 33

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 61,230 3,159,392 312,093 3,532,715
Additions 401,199 97,665 498,864
Disposals ( 115,600 ) ( 17,469 ) ( 133,069 )
Revaluations
Transfers
At 31 March 2024 61,230 3,444,991 392,289 3,898,510
Depreciation
At 1 April 2023 1,514,650 169,266 1,683,916
Charge for year 200,090 58,493 258,583
On disposals ( 31,733 ) ( 10,092 ) ( 41,825 )
Other adjustments
At 31 March 2024 1,683,007 217,667 1,900,674
Net book value
At 31 March 2024 61,230 1,761,984 174,622 1,997,836
At 31 March 2023 61,230 1,644,742 142,827 1,848,799

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 329,086 321,350
Total 329,086 321,350

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 638,368 777,186
Other debtors 749,643 771,167
Total 1,388,011 1,548,353

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Amounts due under finance leases and hire purchase contracts 270,265 252,672
Trade creditors 343,190 575,051
Taxation and social security 173,705 192,346
Accruals and deferred income 2,945 2,675
Other creditors 0 19,458
Total 800,105 1,052,202

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 13,334 23,333
Amounts due under finance leases and hire purchase contracts 431,199 413,863
Total 444,533 437,196

M.A.M. CONTRACTING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Director's loan account
£
Balance at 31 March 2023 162,299
Advances or credits made: 100,348
Advances or credits repaid: 162,299
Balance at 31 March 2024 100,348