REGISTERED NUMBER: 06395892 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MM Building Services (Sheffield) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Kelsey

Mrs S A Kelsey

REGISTERED OFFICE:

63

Bawtry Road

Bramley

Rotherham

South Yorkshrie

S66 2TN

REGISTERED NUMBER:

06395892 (England and Wales)

FIXED ASSETS

Tangible assets

4

73,513

38,501

CURRENT ASSETS

Stocks

234,256

440,789

Debtors

5

317,966

612,228

Cash at bank and in hand

409,536

245,602

961,758

1,298,619

CREDITORS

Amounts falling due within one year

6

590,762

831,892

NET CURRENT ASSETS

370,996

466,727

TOTAL ASSETS LESS CURRENT LIABILITIES

444,509

505,228

CREDITORS

Amounts falling due after more than one year

7

(196,867

)

(281,617

)

PROVISIONS FOR LIABILITIES

(7,335

)

(6,169

)

NET ASSETS

240,307

217,442

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

240,305

217,440

SHAREHOLDERS' FUNDS

240,307

217,442

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 Income Statement 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:

J R Kelsey - Director

1.	STATUTORY INFORMATION

MM Building Services (Sheffield) 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

Revenue in respect of construction contracts is recognised as the company performs its obligations and when the outcome of the transaction can be estimated reliably. The company is able to reliably estimate the outcome of a construction contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Where the company renders invoices in advance of work performed, the sale is deferred in the balance sheet as deferred income and is presented within creditors falling due within one year until the revenue recognition criteria in FRS 102, Section 23 Revenue is met.

Revenue from the sale of materials is recognised in accordance with FRS 102, Section 23 Revenue.

The company recognises a sale at the point at which the risks and rewards of ownership of the goods pass from the Company to the customer and the Company has no further obligations to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes employer pension contributions to personal pensions and complies with auto enrolment legislation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

71,666

Additions

65,462

Disposals

(17,500

)

At 31 December 2024

119,628

DEPRECIATION

At 1 January 2024

33,165

Charge for year

16,450

Eliminated on disposal

(3,500

)

At 31 December 2024

46,115

NET BOOK VALUE

At 31 December 2024

73,513

At 31 December 2023

38,501

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

34,390

Transfer to ownership

(34,390

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

20,285

Charge for year

3,526

Transfer to ownership

(23,811

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

14,105

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

77,801

474,401

Amounts recoverable

on contracts

120,689

113,927

Other debtors

119,476

23,900

317,966

612,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

8,598

Trade creditors

229,940

413,703

Taxation and social security

243,719

236,626

Other creditors

117,103

172,965

590,762

831,892

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

196,867

281,617

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

-

8,598

9.	OTHER FINANCIAL COMMITMENTS

At 31st December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £58,501, (2023: £48,792).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr J Kelsey

Loaned monies to the company on an interest free basis. The balance owing to the director and included in other creditors at 31st December 2024: £246.867, (31st December 2023: £331,617).