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REGISTERED NUMBER: 05186638 (England and Wales)















M P Carroll Ltd

Unaudited Financial Statements for the Year Ended 31 July 2024






M P Carroll Ltd (Registered number: 05186638)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M P Carroll Ltd

Company Information
for the Year Ended 31 July 2024







Directors: Martin Patrick Carroll
Janet Carroll





Registered office: 23 Elmridge
Leigh
Lancashire
WN7 1HN





Registered number: 05186638 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

M P Carroll Ltd (Registered number: 05186638)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 1,178 1,571

Current assets
Debtors 5 417,565 399,236
Cash at bank 103,612 162,489
521,177 561,725
Creditors
Amounts falling due within one year 6 127,884 166,756
Net current assets 393,293 394,969
Total assets less current liabilities 394,471 396,540

Provisions for liabilities 7 312 417
Net assets 394,159 396,123

Capital and reserves
Called up share capital 8 100 100
Retained earnings 394,059 396,023
Shareholders' funds 394,159 396,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Carroll Ltd (Registered number: 05186638)

Statement of Financial Position - continued
31 July 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 4 April 2025 and were signed on its behalf by:





Martin Patrick Carroll - Director


M P Carroll Ltd (Registered number: 05186638)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. Statutory information

M P Carroll Ltd 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 represents the amount receivable in respect of general construction and contracting services net of Value Added Tax provided by the company during the year.

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 machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

M P Carroll Ltd (Registered number: 05186638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2023
and 31 July 2024 4,615 7,825 12,440
Depreciation
At 1 August 2023 4,484 6,385 10,869
Charge for year 33 360 393
At 31 July 2024 4,517 6,745 11,262
Net book value
At 31 July 2024 98 1,080 1,178
At 31 July 2023 131 1,440 1,571

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 160,445 162,332
Other debtors 257,120 236,904
417,565 399,236

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 56,107 61,794
Taxation and social security 67,877 101,262
Other creditors 3,900 3,700
127,884 166,756

M P Carroll Ltd (Registered number: 05186638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 312 417

Deferred
tax
£   
Balance at 1 August 2023 417
Credit to Statement of Income and Retained Earnings during year (105 )
Balance at 31 July 2024 312

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Martin Patrick Carroll and Janet Carroll
Balance outstanding at start of year 195,986 171,218
Amounts advanced 130,603 145,288
Amounts repaid (113,521 ) (120,520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 213,068 195,986