IRIS Accounts Production v25.2.0.378 03921526 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false false true false 'A' ordinary shares 50.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039215262023-08-31039215262024-08-31039215262023-09-012024-08-31039215262022-08-31039215262022-09-012023-08-31039215262023-08-3103921526ns15:EnglandWales2023-09-012024-08-3103921526ns14:PoundSterling2023-09-012024-08-3103921526ns10:Director12023-09-012024-08-3103921526ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103921526ns10:SmallEntities2023-09-012024-08-3103921526ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103921526ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103921526ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103921526ns10:FullAccounts2023-09-012024-08-310392152612023-09-012024-08-3103921526ns10:OrdinaryShareClass12023-09-012024-08-3103921526ns10:Director42023-09-012024-08-3103921526ns10:RegisteredOffice2023-09-012024-08-3103921526ns5:CurrentFinancialInstruments2024-08-3103921526ns5:CurrentFinancialInstruments2023-08-3103921526ns5:ShareCapital2024-08-3103921526ns5:ShareCapital2023-08-3103921526ns5:SharePremium2024-08-3103921526ns5:SharePremium2023-08-3103921526ns5:CapitalRedemptionReserve2024-08-3103921526ns5:CapitalRedemptionReserve2023-08-3103921526ns5:RetainedEarningsAccumulatedLosses2024-08-3103921526ns5:RetainedEarningsAccumulatedLosses2023-08-3103921526ns5:NetGoodwill2023-09-012024-08-3103921526ns5:NetGoodwill2023-08-3103921526ns5:NetGoodwill2024-08-3103921526ns5:NetGoodwill2023-08-3103921526ns5:LandBuildings2023-08-3103921526ns5:PlantMachinery2023-08-3103921526ns5:LandBuildings2023-09-012024-08-3103921526ns5:PlantMachinery2023-09-012024-08-3103921526ns5:LandBuildings2024-08-3103921526ns5:PlantMachinery2024-08-3103921526ns5:LandBuildings2023-08-3103921526ns5:PlantMachinery2023-08-3103921526ns5:CostValuation2023-08-3103921526ns5:RevaluationsIncreaseDecreaseInInvestments2024-08-3103921526ns5:CostValuation2024-08-3103921526ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103921526ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3103921526ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 03921526 (England and Wales)






















M H Industrial Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






M H Industrial Limited (Registered number: 03921526)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M H Industrial Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: K J Mulgrove
Mrs L F Mulgrove





REGISTERED OFFICE: MH House
Madeley Street
Clive Sullivan Way
Hull
East Yorkshire
HU3 2AH





REGISTERED NUMBER: 03921526 (England and Wales)






M H Industrial Limited (Registered number: 03921526)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 908,069 838,785
Investments 6 892,520 824,582
1,800,589 1,663,367

CURRENT ASSETS
Stocks 50,577 47,800
Debtors 7 816,444 1,460,362
Cash at bank and in hand 4,740,332 3,513,796
5,607,353 5,021,958
CREDITORS
Amounts falling due within one year 8 1,042,347 627,788
NET CURRENT ASSETS 4,565,006 4,394,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,365,595

6,057,537

PROVISIONS FOR LIABILITIES 184,616 162,953
NET ASSETS 6,180,979 5,894,584

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Share premium 4,142 4,142
Capital redemption reserve 470,357 470,357
Retained earnings 5,681,480 5,395,085
SHAREHOLDERS' FUNDS 6,180,979 5,894,584

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 H Industrial Limited (Registered number: 03921526)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:





K J Mulgrove - Director


M H Industrial Limited (Registered number: 03921526)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

M H Industrial 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is the amount, excluding value added tax, receivable by the company in the ordinary course of business for goods supplied as a principal and for services provided. In the case of contract work turnover is calculated on the basis of the value of work executed during the year.

Goodwill
Goodwill is written off evenly over its estimated economic life of 20 years and is stated in the balance sheet at cost less amounts written off.


Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is calculated to write down the cost of all fixed assets (excluding freehold land) over their useful lives.

The rates generally applicable are:

Freehold land and buildings2% straight line
Plant and machinery15% to 25% reducing balance
Fixtures and fittings15% to 33.33% reducing balance
Computer equipment33.33% straight line
Motor vehicles25% reducing balance

Stocks
Stock and work in progress is stated at the lower of cost and net realisable value.

In the case of raw materials, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis.

Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing, selling and distribution.

Contract work in progress included in debtors is stated at net realisable value. Cumulative turnover (i.e. the total turnover recorded in respect of the contract in the profit and loss accounts of all accounting periods since inception of the contract) is compared with total payments on account. If turnover exceeds payments on account an "amount recoverable on contracts" is established and separately disclosed within debtors. If payments on account are greater than turnover to date, the excess is classified within creditors.


M H Industrial Limited (Registered number: 03921526)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. 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 taxation
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.

Employee benefits
The company operates a defined contribution scheme for the benefit of directors. The assets of this scheme are held in an independently administered trust fund. Contributions to this scheme are charged to the profit and loss account as they become payable. In addition the company makes contributions to personal pension arrangements for employees and directors and these contributions are charged to the profit and loss account as they become payable.

Investments
Investments are initially measured at cost and adjusted for market value through the profit and loss account.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 620,952
AMORTISATION
At 1 September 2023
and 31 August 2024 620,952
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

M H Industrial Limited (Registered number: 03921526)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 545,428 1,206,532 1,751,960
Additions - 208,768 208,768
Disposals - (36,305 ) (36,305 )
At 31 August 2024 545,428 1,378,995 1,924,423
DEPRECIATION
At 1 September 2023 304,404 608,771 913,175
Charge for year 11,215 115,325 126,540
Eliminated on disposal - (23,361 ) (23,361 )
At 31 August 2024 315,619 700,735 1,016,354
NET BOOK VALUE
At 31 August 2024 229,809 678,260 908,069
At 31 August 2023 241,024 597,761 838,785

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 824,582
Revaluations 67,938
At 31 August 2024 892,520
NET BOOK VALUE
At 31 August 2024 892,520
At 31 August 2023 824,582

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 152,520
Cost 740,000
892,520

M H Industrial Limited (Registered number: 03921526)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 740,000 740,000

The company holds an investment with Scottish Widows cautious solution share class A accumulation fund.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 700,890 1,269,413
Other debtors 58,998 57,982
Contract work in progress 56,556 132,967
816,444 1,460,362

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 265,982 435,178
Corporation tax 53,258 31,292
Social security and other taxes 12,049 66,683
Other creditors 711,058 94,635
1,042,347 627,788

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 'A' ordinary shares 50p 25,000 25,000

10. OTHER FINANCIAL COMMITMENTS

The company had commitments to purchase second hand equipment for resale as follows:

2024 2023
£ £

Within one year-97,805

In the second to fifth years inclusive--

11. CONTROL RELATIONSHIPS

The company is controlled by K J Mulgrove by virtue of his 100% holding of the issued share capital of the company.