Makers Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06348341

Makers Construction Limited

Filleted Financial Statements

31 December 2024

Makers Construction Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		53,083	167,218

Current assets

Stocks		22,500	2,500
Debtors	6	3,496,708	4,377,750
Cash at bank and in hand		117,061	231,665
		-----------	-----------
		3,636,269	4,611,915

Prepayments and accrued income	114,405		70,061

Creditors: amounts falling due within one year	7	3,323,976		4,362,399
		-----------		-----------
Net current assets			426,698	319,577
			--------	--------
Total assets less current liabilities			479,781	486,795

Creditors: amounts falling due after more than one year	8		–	10,503

Accruals and deferred income	106,388	225,335
	--------	--------
Net assets	373,393	250,957
	--------	--------

Capital and reserves

Called up share capital	9	600	600
Profit and loss account		372,793	250,357
		--------	--------
Shareholders funds		373,393	250,957
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

S. Rooker

Director

Company registration number: 06348341

Makers Construction Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares incorporated, registered and trading in England with company number 06348341 . The address of the registered office is Building 4, Shenstone Business Park, Lynn Lane, Shenstone, Staffordshire, WS14 0SB.

2. Statement of compliance

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.

Judgements and key sources of estimation uncertainty

In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. The estimates and underlying assumptions on contracts are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	25% straight line
Plant & Machinery	-	25% straight line
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	33% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Construction contracts

Where the outcome of construction contracts can be reliably estimated, contract revenue and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, revenue is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred. The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Financial instruments

The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 47 (2023: 50 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	12,822	170,453	12,260	766,875	167,934	1,130,344
Additions	–	–	–	–	2,995	2,995
Disposals	–	–	–	( 116,841)	–	( 116,841)
	-------	--------	-------	--------	--------	-----------
At 31 Dec 2024	12,822	170,453	12,260	650,034	170,929	1,016,498
	-------	--------	-------	--------	--------	-----------
Depreciation
At 1 Jan 2024	12,822	151,107	12,260	633,020	153,917	963,126
Charge for the year	–	6,542	–	101,058	6,575	114,175
Disposals	–	–	–	( 113,886)	–	( 113,886)
	-------	--------	-------	--------	--------	-----------
At 31 Dec 2024	12,822	157,649	12,260	620,192	160,492	963,415
	-------	--------	-------	--------	--------	-----------
Carrying amount
At 31 Dec 2024	–	12,804	–	29,842	10,437	53,083
	-------	--------	-------	--------	--------	-----------
At 31 Dec 2023	–	19,346	–	133,855	14,017	167,218
	-------	--------	-------	--------	--------	-----------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 December 2024	–
	----
At 31 December 2023	14,817
	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	2,037,549	3,135,832
Other debtors	1,459,159	1,241,918
	-----------	-----------
	3,496,708	4,377,750
	-----------	-----------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Trade debtors	124,742	162,108
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,411,204	3,669,094
Social security and other taxes	810,215	654,442
Other creditors	102,557	38,863
	-----------	-----------
	3,323,976	4,362,399
	-----------	-----------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	–	10,503
	----	-------

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	600	600	600	600
	----	----	----	----

The shares all have full voting rights, full dividend rights and full distribution rights.

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	37,765	11,876
Later than 1 year and not later than 5 years	129,685	14,251
Later than 5 years	160,860	–
	--------	-------
	328,310	26,127
	--------	-------

11. Limitation of auditors liability

The company on 05 August 2025 has entered into a limitation of auditors liability with the auditor limiting the auditor's liability to a maximum of £1,500,000(including interest).

12. Summary audit opinion

The auditor's report dated 22 September 2025 was unqualified .

The senior statutory auditor was David Pearson , for and on behalf of Edwards Pearson & White (Audit) Limited .

13. Directors' advances, credits and guarantees

At the reporting date the directors loan account was in debit by £230,000 (2023: £230,000). There is no fixed term for repayment and no interest is charged. Transactions during the year can be summarised as follows: Opening Balance Brought Forward £230,000 Net Advance in the year £0 Closing Balance Carried Forward £230,000

14. Related party transactions

There were no related party transactions during the year.