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MME Loft Conversions Ltd
Registered Number:11043891
For the period ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the period ended 31 July 2024
MME Loft Conversions Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11043891
As at 31 July 2024
MME Loft Conversions Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
3,883
4,992
2
Property, plant and equipment
11,874
13,503
3
15,757
18,495
Current assets
Inventories
3,000
3,500
4
Trade and other receivables
50,325
1,264
5
66,570
Cash and cash equivalents
37,593
42,357
119,895
Trade and other payables: amounts falling due within one
year
(71,690)
(51,702)
6
48,205
(9,345)
Net current liabilities
Total assets less current liabilities
6,412
66,700
(2,256)
(2,566)
Provisions for liabilities
4,156
Net assets
64,134
Capital and reserves
Called up share capital
100
100
Retained earnings
4,056
64,034
4,156
64,134
Shareholders' funds
For the period ended 31 July 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 of its financial statements for the period 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Michael Eldridge Director
These financial statements were approved and authorised for issue by the Board on 07 November 2024 and were signed by:
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4
Registered Number :
11043891
For the period ended 31 July 2024
MME Loft Conversions Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 31 July 2024
MME Loft Conversions Ltd
Notes to the Financial Statements
Statutory Information
MME Loft Conversions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11043891.
Registered address:
21 Beechway
Bexley
DA5 3DQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable in respect of building services.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of 12 years.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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6
For the period ended 31 July 2024
MME Loft Conversions Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2023
20,000
At 31 July 2024
20,000
Amortisation
At 01 December 2023
15,008
1,109
Charge for period
At 31 July 2024
16,117
Net book value
At 31 July 2024
3,883
At 30 November 2023
4,992
3. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
£
£
£
Cost or
valuation
At 01 December 2023
57,509
826
56,683
199
199
-
Additions
At 31 July 2024
56,683
1,025
57,708
Provision for depreciation and impairment
At 01 December 2023
44,006
597
43,409
Charge for period
1,828
58
1,770
At 31 July 2024
45,834
655
45,179
At 31 July 2024
Net book value
11,504
370
11,874
At 30 November 2023
13,274
229
13,503
4. Inventories
2023
2024
£
£
Stocks
3,500
3,000
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7
For the period ended 31 July 2024
MME Loft Conversions Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Other debtors
1,264
50,325
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
19,765
18,251
Taxation and social security
29,360
52,439
Other creditors
2,577
1,000
51,702
71,690
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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