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Registered number: 08008282
Mordconstruct Ltd
Financial Statements
For The Year Ended 30 September 2024
ANDREW MURRAY & CO
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08008282
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,605 94,572
103,605 94,572
CURRENT ASSETS
Stocks 148,900 131,291
Debtors 5 34,628 145,499
Cash at bank and in hand 141,666 12,326
325,194 289,116
Creditors: Amounts Falling Due Within One Year 6 (336,074 ) (281,114 )
NET CURRENT ASSETS (LIABILITIES) (10,880 ) 8,002
TOTAL ASSETS LESS CURRENT LIABILITIES 92,725 102,574
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,572 ) (11,572 )
NET ASSETS 81,153 91,002
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 81,143 90,992
SHAREHOLDERS' FUNDS 81,153 91,002
Page 1
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For the year ending 30 September 2024 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 20 February 2025 and were signed on its behalf by:
Mr G Fintinariu
Director
20th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mordconstruct Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08008282 . The registered office is 31 Sullivan Way, Elstree, Borehamwood, Hertfordshire, WD6 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 89,620 141,673 620 231,913
Additions - 41,549 2,020 43,569
As at 30 September 2024 89,620 183,222 2,640 275,482
Depreciation
As at 1 October 2023 70,147 66,671 523 137,341
Provided during the period 4,868 29,138 530 34,536
As at 30 September 2024 75,015 95,809 1,053 171,877
Net Book Value
As at 30 September 2024 14,605 87,413 1,587 103,605
As at 1 October 2023 19,473 75,002 97 94,572
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,120 36,001
VAT 19,508 -
Other taxes and social security - 109,498
34,628 145,499
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,064 23,227
Bank loans and overdrafts 28,372 11,252
Corporation tax 24,143 28,623
Other taxes and social security 31,451 -
VAT - 7,449
Accruals and deferred income 20,146 38,000
Directors' loan accounts 207,898 172,563
336,074 281,114
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 100,000 80,000
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