Registered number
15048608
MOSSDALE CONSTRUCTION LIMITED
Filleted Accounts
31 August 2024
MOSSDALE CONSTRUCTION LIMITED
Registered number: 15048608
Balance Sheet
as at 31 August 2024
Notes 2024
£
Fixed assets
Tangible assets 3 9,906
9,906
Current assets
Debtors 4 40,692
Cash at bank and in hand 69,654
110,346
Creditors: amounts falling due within one year 5 (101,207)
Net current assets 9,139
Total assets less current liabilities 19,045
Creditors: amounts falling due after more than one year 6 2,745
Provisions for liabilities (1,882)
Net assets 19,908
Capital and reserves
Called up share capital 100
Profit and loss account 19,808
Shareholders' funds 19,908
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Frank Stephen Peck
Director
Approved by the board on 22 April 2025
MOSSDALE CONSTRUCTION LIMITED
Notes to the Accounts
for the period from 4 August 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 4
3 Tangible fixed assets
Motor vehicles Total
£ £
Cost
At 4 August 2023 - -
Additions 13,000 13,000
At 31 August 2024 13,000 13,000
Depreciation
At 4 August 2023 - -
Charge for the period 3,094 3,094
At 31 August 2024 3,094 3,094
Net book value
At 31 August 2024 9,906 9,906
At 3 August 2023 - -
4 Debtors 2024
£
Mr. Frank Stephen Peck 6,687
Mr. Stuart Merrin 6,731
Trade debtors 7,958
Construction Industry Scheme tax repayable 18,827
Prepayments 489
40,692
5 Creditors: amounts falling due within one year 2024
£
Obligations under finance lease and hire purchase contracts -
Trade creditors 13,730
Pension fund 396
PAYE and NI 16,004
VAT 18,937
Corporation tax 26,548
Accruals 25,592
101,207
6 Creditors: amounts falling due after one year 2024
£
Obligations under finance lease and hire purchase contracts (2,745)
(2,745)
7 Ultimate controlling party and related party transactions
The company was under the control of Mr. Frank Stephen Peck and Mr. Stuart Merrin throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
2024
£
Equity dividends paid to Mr. Frank Stephen Peck 38,000
Equity dividends paid to Mr. Stuart Merrin 38,000
Balance owing (to) / from Mr. Frank Stephen Peck 6,687
Balance owing (to) / from Mr. Stuart Merrin 6,731
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
8 Other information
MOSSDALE CONSTRUCTION LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London WC2H 9JQ
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