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REGISTERED NUMBER: 05110612 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

M P JAMES (CONSTRUCTION) LIMITED

M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M P JAMES (CONSTRUCTION) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M P James
Mrs C James





SECRETARY: Mrs C James





REGISTERED OFFICE: 28 Panorama Road
Sandbanks
Poole
Dorset
BH13 7RD





REGISTERED NUMBER: 05110612 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,857 25,780

CURRENT ASSETS
Stocks 431,595 418,580
Debtors 5 429,986 509,567
Cash at bank 40,361 147,112
901,942 1,075,259
CREDITORS
Amounts falling due within one year 6 145,458 232,639
NET CURRENT ASSETS 756,484 842,620
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,341

868,400

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES 8 (3,963 ) (6,445 )
NET ASSETS 761,711 840,288

CAPITAL AND RESERVES
Called up share capital 110 10
Retained earnings 761,601 840,278
SHAREHOLDERS' FUNDS 761,711 840,288

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.

M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:




M P James - Director



Mrs C James - Director


M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)

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

1. STATUTORY INFORMATION

M P James (Construction) 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.

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.
Plant and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Income and Retained Earnings, 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.

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.

M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 - 52,151 1,907 54,058
Additions 606 - 1,343 1,949
At 30 June 2024 606 52,151 3,250 56,007
DEPRECIATION
At 1 July 2023 - 27,619 659 28,278
Charge for year 91 6,133 648 6,872
At 30 June 2024 91 33,752 1,307 35,150
NET BOOK VALUE
At 30 June 2024 515 18,399 1,943 20,857
At 30 June 2023 - 24,532 1,248 25,780

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 353,317 372,801
Other debtors 76,669 136,766
429,986 509,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 38,690 81,915
Taxation and social security 69,304 107,386
Other creditors 27,464 33,338
145,458 232,639

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,963 6,445

M P JAMES (CONSTRUCTION) LIMITED (REGISTERED NUMBER: 05110612)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 6,445
Credit to Statement of Income and Retained Earnings during year (2,482 )
Balance at 30 June 2024 3,963

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
M P James and Mrs C James
Balance outstanding at start of year 72,052 36,234
Amounts advanced 64,457 90,144
Amounts repaid (136,509 ) (54,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 72,052

Interest at the official rate of 2.25% has been provided for on the directors' loan account.