REGISTERED NUMBER: 02966957 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M. & K. BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

T Gaughan

J Gaughan

P J Gaughan

SECRETARY:

Mrs A Gaughan

REGISTERED OFFICE:

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

REGISTERED NUMBER:

02966957 (England and Wales)

ACCOUNTANTS:

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Tangible assets

4

881,341

890,007

CURRENT ASSETS

Stocks

19,280

-

Debtors

5

601,805

494,352

Cash at bank

527,493

950,853

1,148,578

1,445,205

CREDITORS

Amounts falling due within one year

6

219,788

372,455

NET CURRENT ASSETS

928,790

1,072,750

TOTAL ASSETS LESS CURRENT LIABILITIES

1,810,131

1,962,757

CREDITORS

Amounts falling due after more than one year

7

326,412

341,532

NET ASSETS

1,483,719

1,621,225

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,483,619

1,621,125

SHAREHOLDERS' FUNDS

1,483,719

1,621,225

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

P J Gaughan - Director

1.	STATUTORY INFORMATION

M. & K. Builders 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is derived from contracts to install concrete groundwork and is measured at the fair value of consideration receivable. If the ultimate profitability of a contract can be assessed with reasonable certainty after having made prudent allowance for future risks and uncertainties, then turnover is recognised in proportion to the contract work completed. Immediate provision is made for foreseeable losses. Income accrued but not invoiced at the year end is included within "Prepayments and accrued income " in debtors.

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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Land and buildings represent freehold land, which is not depreciated.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

744,119

172,182

42,684

Additions

-

-

-

At 31 December 2024

744,119

172,182

42,684

DEPRECIATION

At 1 January 2024

-

101,221

39,713

Charge for year

-

10,644

743

At 31 December 2024

-

111,865

40,456

NET BOOK VALUE

At 31 December 2024

744,119

60,317

2,228

At 31 December 2023

744,119

70,961

2,971

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

143,085

1,962

1,104,032

Additions

25,000

375

25,375

At 31 December 2024

168,085

2,337

1,129,407

DEPRECIATION

At 1 January 2024

72,873

218

214,025

Charge for year

22,156

498

34,041

At 31 December 2024

95,029

716

248,066

NET BOOK VALUE

At 31 December 2024

73,056

1,621

881,341

At 31 December 2023

70,212

1,744

890,007

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

437,865

449,778

Other debtors

1,595

1,595

VAT

-

30,276

Prepayments and accrued income

162,345

12,703

601,805

494,352

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,966

22,153

Hire purchase contracts

5,928

-

Trade creditors

105,045

245,631

Taxation and social security

44,847

23,575

Other creditors

41,002

81,096

219,788

372,455

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

318,566

341,532

Hire purchase contracts

7,846

-

326,412

341,532

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

217,958

244,486

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

341,532

363,685

Hire purchase contracts

13,774

-

355,306

363,685

Bank loans are secured on the company's freehold property and hire purchase liabilities are secured on the associated plant and machinery.

The following reproduces the text of the report prepared for the directors 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 Profit and Loss Account and certain other primary statements and the Report of the Directors 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. & K. Builders Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet 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 Board of Directors of M. & K. Builders Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M. & K. Builders Limited and state those matters that we have agreed to state to the Board of Directors of M. & K. Builders Limited, as a body, 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. & K. Builders Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M. & K. Builders Limited 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. & K. Builders Limited. You consider that M. & K. Builders Limited 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. & K. Builders Limited. 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.

Xeinadin Swiss Cottage Limited

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

29 September 2025