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REGISTERED NUMBER: 11529902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

M L Hughes Construction Ltd

M L Hughes Construction Ltd (Registered number: 11529902)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M L Hughes Construction Ltd

Company Information
for the Year Ended 31st August 2024







DIRECTOR: Mr K E Hughes





REGISTERED OFFICE: Unit 1
Cyttir Lane
Bangor
Gwynedd
LL57 4DA





REGISTERED NUMBER: 11529902 (England and Wales)





ACCOUNTANTS: A.Hughes-Jones, Dyson & Co.
Capel Moreia
South Penrallt
Caernarfon
Gwynedd
LL55 1NS

M L Hughes Construction Ltd (Registered number: 11529902)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,757,801 1,622,716

CURRENT ASSETS
Stocks 30,000 29,000
Debtors 5 103,253 188,090
Cash at bank 5,862 52,124
139,115 269,214
CREDITORS
Amounts falling due within one year 6 92,927 89,116
NET CURRENT ASSETS 46,188 180,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,803,989

1,802,814

CREDITORS
Amounts falling due after more than one year 7 1,055,271 1,109,985
NET ASSETS 748,718 692,829

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 748,717 692,828
748,718 692,829

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

M L Hughes Construction Ltd (Registered number: 11529902)

Balance Sheet - continued
31st 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 director and authorised for issue on 25th August 2025 and were signed by:





Mr K E Hughes - Director


M L Hughes Construction Ltd (Registered number: 11529902)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

M L Hughes Construction 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.

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.

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

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 and 20% 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

M L Hughes Construction Ltd (Registered number: 11529902)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2023 - 1,881,032 1,881,032
Additions 25,000 283,880 308,880
Disposals - (64,245 ) (64,245 )
At 31st August 2024 25,000 2,100,667 2,125,667
DEPRECIATION
At 1st September 2023 - 258,316 258,316
Charge for year - 117,181 117,181
Eliminated on disposal - (7,631 ) (7,631 )
At 31st August 2024 - 367,866 367,866
NET BOOK VALUE
At 31st August 2024 25,000 1,732,801 1,757,801
At 31st August 2023 - 1,622,716 1,622,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 43,667 55,113
Other debtors 59,586 132,977
103,253 188,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 7,253 25,251
Taxation and social security 35,976 15,567
Other creditors 49,698 48,298
92,927 89,116

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 947,150 975,649
Other creditors 108,121 134,336
1,055,271 1,109,985