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REGISTERED NUMBER: 04113215 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

M & O Building Contractors Limited

M & O Building Contractors Limited (Registered number: 04113215)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Notes to the Financial Statements 12


M & O Building Contractors Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J L Middleton
E J O'Shea
C R Clarke
R S Cufflin
E L Veasey





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 04113215 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

M & O Building Contractors Limited (Registered number: 04113215)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
Turnover increased from £32,401,318 to £41,535,453 in the year with operating profit increasing from £2,517,597 to £5,039,678. The directors are pleased with these results and much credit is due to the management and staff throughout the company.

PRINCIPAL RISKS AND UNCERTAINTIES
The company's operations expose it to a variety of financial risks, outlined in more detail below. The company has several risk management strategies in place that aim to reduce the adverse effects on the financial performance of the company by monitoring levels of a number of financial costs.

Price Risk
The company can be exposed to increases in material and supplier costs as tenders can be sent up to six months before a project contract is awarded. The company aims to ensure that tenders take any anticipated price increases into account.

Credit Risk
The company continues to monitor and review policies surrounding credit checks on both new and existing customers when looking at offering credit limits and reviewing payment terms. The company has no bad debts and has a good relationship with all its customers which ensures prompt payment.

Interest Rate Risk
The company finances its operations primarily through retained profits, and also has access to bank borrowings if required.

Other Risks
As a contractor, the company is dependent on retaining the loyalty of both its customers and its suppliers. For customers this is addressed by maintaining a constant focus on customer service and quality.

The company manages supplier risk via its relationship with its suppliers. Communication and liaison takes place on a regular basis to ensure that these relationships remain strong.

It remains the company's intention to continue to operate the business so it will be well-placed to take advantage of appropriate commercial opportunities in the foreseeable future.

KEY PERFORMANCE INDICATORS
The directors use a number of performance indicators to evaluate the company's performance, the key ones being turnover, gross profit and profit before tax. These numbers are detailed on page 9. Gross profit and overhead percentage are tracked on a quarterly basis and compared to the annual budgets and prior year. Project margins are tracked on a monthly basis ensuring that each project is profitable.

FUTURE DEVELOPMENTS
The future prospects of the company remain healthy. The directors are pleased with the company's performance and expect its results for the next financial year to be satisfactory.

ON BEHALF OF THE BOARD:





E J O'Shea - Director


17 June 2025

M & O Building Contractors Limited (Registered number: 04113215)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of construction management and building.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £765,923.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

J L Middleton
E J O'Shea
C R Clarke
R S Cufflin

Other changes in directors holding office are as follows:

E L Veasey was appointed as a director after 31 December 2024 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

M & O Building Contractors Limited (Registered number: 04113215)

Report of the Directors
for the Year Ended 31 December 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





E J O'Shea - Director


17 June 2025

Report of the Independent Auditors to the Members of
M & O Building Contractors Limited

Opinion
We have audited the financial statements of M & O Building Contractors Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
M & O Building Contractors Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
M & O Building Contractors Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

The capability to detect irregularities is based on the auditor identifying and assessing the risks of material misstatement of the financial statements, whether due to fraud or error, and then designing and performing audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

a) Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, the following approach was taken:

- Understanding the nature of the industry and sector, control environment and business performance;
- Consideration of the results of our enquiries of management and those charged with governance
about their own identification and assessment of the risks of irregularities;
- Understanding the company's policies and procedures on compliance with laws and regulations and
management of fraud risk, including documentation of instances of non-compliance of laws and
regulations and instances of actual, suspected or alleged fraud;
- Consideration of matters discussed among the audit engagement team regarding how and where
fraud might occur in the financial statements and any potential indicators of fraud;
- Understanding the legal and regulatory frameworks that the company operates in through enquiry of
management and those charged with governance and understanding the company's industry and
sector. The key laws and regulations that were considered to have an effect on material amounts and
disclosures in the financial statements included the Companies Act and tax legislation.

b) Audit response to risks identified

Based on this understanding, the following audit procedures were designed and performed to respond to the risks identified:

- Reviewing the financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations described as having a direct effect on the financial
statement;
- Enquiring of management, those charged with governance and, where applicable, the company's
solicitors concerning actual and potential litigation and claims;
- Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatement due to fraud;
- Reviewing minutes of meetings of those charged with governance and, where applicable,
correspondence with regulators;
- Performing audit work over the risk of management override of controls, including testing of journal
entries and other adjustments for appropriateness and evaluating the business rationale of significant
transactions outside the normal course of business;
- Communication of potential fraud risks to all engagement team members and remaining alert to any
indications of fraud or non-compliance with laws and regulations throughout the audit.


Report of the Independent Auditors to the Members of
M & O Building Contractors Limited

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mark Andrew Torr FCCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

17 June 2025

M & O Building Contractors Limited (Registered number: 04113215)

Statement of Comprehensive
Income
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 3 41,535,453 32,401,318

Cost of sales (33,200,398 ) (27,009,249 )
GROSS PROFIT 8,335,055 5,392,069

Administrative expenses (3,340,667 ) (2,878,062 )
4,994,388 2,514,007

Other operating income 45,290 3,590
OPERATING PROFIT 5 5,039,678 2,517,597

Interest receivable and similar income 80,750 30,373
PROFIT BEFORE TAXATION 5,120,428 2,547,970

Tax on profit 6 (1,291,314 ) (603,413 )
PROFIT FOR THE FINANCIAL YEAR 3,829,114 1,944,557

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

3,829,114

1,944,557

M & O Building Contractors Limited (Registered number: 04113215)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 8 630,913 495,385

CURRENT ASSETS
Debtors 9 6,771,980 7,698,980
Cash at bank and in hand 6,431,908 3,006,202
13,203,888 10,705,182
CREDITORS
Amounts falling due within one year 10 (7,044,903 ) (7,521,043 )
NET CURRENT ASSETS 6,158,985 3,184,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,789,898

3,679,524

PROVISIONS FOR LIABILITIES 12 (143,579 ) (96,396 )
NET ASSETS 6,646,319 3,583,128

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 6,646,219 3,583,028
SHAREHOLDERS' FUNDS 6,646,319 3,583,128

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:




J L Middleton - Director E J O'Shea - Director




C R Clarke - Director


M & O Building Contractors Limited (Registered number: 04113215)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 100 2,172,794 2,172,894

Changes in equity
Dividends - (534,323 ) (534,323 )
Total comprehensive income - 1,944,557 1,944,557
Balance at 31 December 2023 100 3,583,028 3,583,128

Changes in equity
Dividends - (765,923 ) (765,923 )
Total comprehensive income - 3,829,114 3,829,114
Balance at 31 December 2024 100 6,646,219 6,646,319

M & O Building Contractors Limited (Registered number: 04113215)

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

1. STATUTORY INFORMATION

M & O Building Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of MOBC Holdings Limited and these financial statements may be obtained from Companies House, Cardiff, CF4 3UZ.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of financial statements requires the company's directors to make judgements, assumptions and estimates that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on a regular basis.

The company does not have any key assumptions concerning the future, or other key sources of estimation uncertainty in the reporting period that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Notwithstanding this, the company's activities are undertaken through construction contracts and the company is required to make estimates in accounting for revenue and margin. These estimates may depend upon the outcome of future events and may need to be revised as circumstances change.

M & O Building Contractors Limited (Registered number: 04113215)

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

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Construction contracts
When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to costs incurred for work performed to date bear to the estimated total costs.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Improvements to property- 10% on cost
Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 33% on cost

The expected useful lives of assets are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

M & O Building Contractors Limited (Registered number: 04113215)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Government grants
Government grants receivable in relation to expenditure is recognised when the expenditure is charged to the Statement of Comprehensive Income.

3. TURNOVER

The company's revenue for the year from continuing operations is as follows:
31.12.2431.12.23
££
Rendering of services41,535,45332,401,318

CONSTRUCTION CONTRACTS
31.12.2431.12.23
££
Amounts due from customers for construction contracts1,925,9682,286,279
Amounts due to customers for construction contracts874,4441,010,910

Contract revenue recognised as revenue during the year41,535,45332,401,318

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 3,513,155 3,358,996
Social security costs 414,395 395,485
Other pension costs 75,950 73,371
4,003,500 3,827,852

The average number of employees during the year was as follows:
31.12.24 31.12.23

Directors 4 4
Office and administration 41 38
Operations 28 31
73 73

M & O Building Contractors Limited (Registered number: 04113215)

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

4. EMPLOYEES AND DIRECTORS - continued

31.12.24 31.12.23
£    £   
Directors' remuneration 144,715 128,038
Directors' pension contributions to money purchase schemes 8,052 7,407

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Other operating leases 130,903 75,343
Depreciation - owned assets 141,645 116,984
Loss on disposal of fixed assets 31,364 15,639
Auditors' remuneration 13,000 12,500
Government grant income - revenue in nature (20,304 ) (3,590 )

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax 1,240,897 552,978
UK corporation tax - prior year 3,234 (3,536 )
Total current tax 1,244,131 549,442

Deferred tax 47,183 53,971
Tax on profit 1,291,314 603,413

UK corporation tax has been charged at 25% (2023 - 23.52%).

M & O Building Contractors Limited (Registered number: 04113215)

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

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24 31.12.23
£    £   
Profit before tax 5,120,428 2,547,970
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 23.521%)

1,280,107

599,308

Effects of:
Expenses not deductible for tax purposes 8,622 5,215
Adjustments to tax charge in respect of previous periods 3,425 (3,536 )
Change in tax rates - 3,193
Group relief (840 ) (767 )

Total tax charge 1,291,314 603,413

7. DIVIDENDS

31.12.2431.12.23
££
Interim765,923534,323

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 87,490 30,890 10,733
Additions - 2,404 450
Disposals - (2,439 ) (435 )
At 31 December 2024 87,490 30,855 10,748
DEPRECIATION
At 1 January 2024 54,887 14,146 10,350
Charge for year 7,561 4,353 116
Eliminated on disposal - (1,068 ) (255 )
At 31 December 2024 62,448 17,431 10,211
NET BOOK VALUE
At 31 December 2024 25,042 13,424 537
At 31 December 2023 32,603 16,744 383

M & O Building Contractors Limited (Registered number: 04113215)

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

8. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 644,663 86,732 860,508
Additions 367,895 5,996 376,745
Disposals (183,411 ) (8,000 ) (194,285 )
At 31 December 2024 829,147 84,728 1,042,968
DEPRECIATION
At 1 January 2024 226,814 58,926 365,123
Charge for year 113,079 16,536 141,645
Eliminated on disposal (85,479 ) (7,911 ) (94,713 )
At 31 December 2024 254,414 67,551 412,055
NET BOOK VALUE
At 31 December 2024 574,733 17,177 630,913
At 31 December 2023 417,849 27,806 495,385

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,045,374 5,221,952
Amounts due from customers for
contract work

1,293,835

1,590,213
Other debtors 1,286,054 739,412
Prepayments 146,717 147,403
6,771,980 7,698,980

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts due to customers for contract
work

874,444

1,010,910
Trade creditors 2,829,246 3,316,568
Amounts owed to group undertakings 7,360 10,000
Corporation tax 637,710 313,847
Social security and other taxes 609,617 842,943
Other creditors 605,971 464,374
Directors' current accounts 43,540 12,034
Accrued expenses 1,437,015 1,550,367
7,044,903 7,521,043

M & O Building Contractors Limited (Registered number: 04113215)

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

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 42,983 56,245
Between one and five years - 37,733
42,983 93,978

12. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 143,579 96,396

Deferred
tax
£   
Balance at 1 January 2024 96,396
Charge to Statement of Comprehensive Income during year 47,183
Balance at 31 December 2024 143,579

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
38 Ordinary 'A' £1 38 38
38 Ordinary 'B' £1 38 38
12 Ordinary 'C' £1 12 12
12 Ordinary 'D' £1 12 12
100 100

All share classes carry full voting rights with no restrictions and have no restrictions on the repayment of capital. The directors are entitled to vote an individual dividend on one class of share without the same dividend being voted to any other type of share.

14. RESERVES

Called up share capital
This represents the nominal value of shares that have been issued.

Retained earnings
This includes all current and prior period retained profits and losses.

15. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between companies in this group.

Where companies are not part of the group for the entire year, transactions occurring only during the period in which the companies were part of the group are excluded from disclosure.

M & O Building Contractors Limited (Registered number: 04113215)

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

15. RELATED PARTY DISCLOSURES - continued

Key management personnel of the entity or its parent (in the aggregate)
31.12.24 31.12.23
£    £   
Amount due to related party 43,540 12,034

Key personnel are considered to be the directors of the company. Their remuneration is stated in note 4.

Other related parties
31.12.24 31.12.23
£    £   
Sales 101,303 75,908
Purchases 2,114,264 1,860,113
Rent and insurance 124,183 69,566
Amount due from related party 604,232 45,421
Amount due to related party 538,431 421,987

Other related parties are entities under common control.

16. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MOBC Holdings Limited, which is incorporated in the United Kingdom. The parent undertaking of the largest and smallest group of which consolidated financial statements are prepared is MOBC Holdings Limited. The registered office address is Park House, 37 Clarence Street, Leicester, LE1 3RW.