Company Registration No. 10947658 (England and Wales)
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Unaudited accounts
for the year ended 30 September 2024
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Unaudited accounts
Contents
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Company Information
for the year ended 30 September 2024
Directors
Mr Edward Kelvin Smith
Mrs Claire Maria Smith
Company Number
10947658 (England and Wales)
Registered Office
222 Lower Higham Road
Gravesend
Kent
DA12 2NN
United Kingdom
Accountants
MCC Partners
1a Saddington Street
Gravesend
Kent
DA12 1ED
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
4,466
13,931
Cash at bank and in hand
35,795
35,914
Creditors: amounts falling due within one year
(12,748)
(8,236)
Net current assets
29,932
31,043
Total assets less current liabilities
34,398
44,974
Creditors: amounts falling due after more than one year
(6,736)
(10,974)
Provisions for liabilities
Deferred tax
(3,822)
(2,469)
Called up share capital
2
2
Profit and loss account
23,838
31,529
Shareholders' funds
23,840
31,531
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2025 and were signed on its behalf by
Mr Edward Kelvin Smith
Director
Company Registration No. 10947658
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
MAYFIELD CONSTRUCTION & BUILDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10947658. The registered office is 222 Lower Higham Road, Gravesend, Kent, DA12 2NN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
25% Reducing Balance method
Motor vehicles
25% on straight line
Fixtures & fittings
25% on straight line
Computer equipment
25% on straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
MAYFIELD CONSTRUCTION & BUILDING LIMITED
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
28,660
15,000
1,200
44,860
At 30 September 2024
28,660
15,000
1,200
44,860
At 1 October 2023
22,829
7,500
600
30,929
Charge for the year
5,415
3,750
300
9,465
At 30 September 2024
28,244
11,250
900
40,394
At 30 September 2024
416
3,750
300
4,466
At 30 September 2023
5,831
7,500
600
13,931
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,570
2,859
Taxes and social security
3,055
1,063
Loans from directors
488
(5,948)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).