IRIS Accounts Production v25.2.0.378 09331171 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093311712023-11-30093311712024-11-30093311712023-12-012024-11-30093311712022-11-30093311712022-12-012023-11-30093311712023-11-3009331171ns15:EnglandWales2023-12-012024-11-3009331171ns14:PoundSterling2023-12-012024-11-3009331171ns10:Director12023-12-012024-11-3009331171ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009331171ns10:SmallEntities2023-12-012024-11-3009331171ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3009331171ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009331171ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009331171ns10:FullAccounts2023-12-012024-11-300933117112023-12-012024-11-3009331171ns10:RegisteredOffice2023-12-012024-11-3009331171ns5:CurrentFinancialInstruments2024-11-3009331171ns5:CurrentFinancialInstruments2023-11-3009331171ns5:Non-currentFinancialInstruments2024-11-3009331171ns5:Non-currentFinancialInstruments2023-11-3009331171ns5:ShareCapital2024-11-3009331171ns5:ShareCapital2023-11-3009331171ns5:RetainedEarningsAccumulatedLosses2024-11-3009331171ns5:RetainedEarningsAccumulatedLosses2023-11-3009331171ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3009331171ns5:NetGoodwill2023-11-3009331171ns5:NetGoodwill2024-11-3009331171ns5:NetGoodwill2023-11-3009331171ns5:PlantMachinery2023-11-3009331171ns5:PlantMachinery2023-12-012024-11-3009331171ns5:PlantMachinery2024-11-3009331171ns5:PlantMachinery2023-11-3009331171ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009331171ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3009331171ns5:CurrentFinancialInstruments2023-12-012024-11-30
REGISTERED NUMBER: 09331171 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

M & M Building and Decorating Ltd

M & M Building and Decorating Ltd (Registered number: 09331171)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


M & M Building and Decorating Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr M Warwick





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 09331171 (England and Wales)

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M & M Building and Decorating Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & M Building and Decorating Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M & M Building and Decorating Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & M Building and Decorating Ltd and state those matters that we have agreed to state to the director of M & M Building and Decorating Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & M Building and Decorating Ltd and its director for our work or for this report.

It is your duty to ensure that M & M Building and Decorating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M & M Building and Decorating Ltd. You consider that M & M Building and Decorating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M & M Building and Decorating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HSA & Co
Chartered Accountants
Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF


Date: .............................................

M & M Building and Decorating Ltd (Registered number: 09331171)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 6,262 8,350
6,262 8,350

CURRENT ASSETS
Stocks - 5,335
Debtors 7 23,425 17,921
Cash at bank - 7,702
23,425 30,958
CREDITORS
Amounts falling due within one year 8 15,899 14,445
NET CURRENT ASSETS 7,526 16,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,788

24,863

CREDITORS
Amounts falling due after more than one year 9 (15,343 ) (23,182 )

PROVISIONS FOR LIABILITIES (1,190 ) (1,587 )
NET (LIABILITIES)/ASSETS (2,745 ) 94

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (2,746 ) 93
SHAREHOLDERS' FUNDS (2,745 ) 94

M & M Building and Decorating Ltd (Registered number: 09331171)

Balance Sheet - continued
30 November 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2025 and were signed by:





Mr M Warwick - Director


M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

M & M Building and Decorating 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The Company incurred a loss for the year and as at the year end has, as disclosed on the balance sheet, net liabilities. The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 5,000
AMORTISATION
At 1 December 2023
and 30 November 2024 5,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 19,794
DEPRECIATION
At 1 December 2023 11,444
Charge for year 2,088
At 30 November 2024 13,532
NET BOOK VALUE
At 30 November 2024 6,262
At 30 November 2023 8,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23,425 17,921

Other debtors include tax of £6,018 (2023 - £5,870) and directors' loan account of £17,407 (2023 - £12,051).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,797 7,508
Taxation and social security 1,677 1,466
Other creditors 4,425 5,471
15,899 14,445

Other creditors include accrued expense of £35 (2023 - £35) and credit card of £4,390 (2023 - £5,436).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 15,343 23,182

M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,593 5,463

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the company continued to provide an interest-bearing loan to its director. Amounts advanced to the director totalled £20,154 (2023 - £36,144), amounts repaid to the company totalled £15,776 (2023 - £42,856) and interest charged on the loan at a rate of 5.8% totalled £976 (2023 - £482). The balance owed to the company at the year end totalled £17,407 (2023 - £12,053) and is repayable on demand.