Montford Development Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02826659 (England and Wales)

Financial Statements for the Year Ended 30 June 2024

for

Montford Development Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Wilkinson Jnr

SECRETARY:

Mrs J Wilkinson

REGISTERED OFFICE:

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

02826659 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

18,571

75,553

CURRENT ASSETS

Debtors

5

423,798

306,881

Cash at bank

22,996

47,924

446,794

354,805

CREDITORS

Amounts falling due within one year

6

196,476

152,758

NET CURRENT ASSETS

250,318

202,047

TOTAL ASSETS LESS CURRENT
LIABILITIES

268,889

277,600

PROVISIONS FOR LIABILITIES

7

3,528

12,000

NET ASSETS

265,361

265,600

CAPITAL AND RESERVES

Called up share capital

8

192,000

Retained earnings

73,361

73,600

SHAREHOLDERS' FUNDS

265,361

265,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 October 2025 and were signed by:

Mr J Wilkinson Jnr - Director

1.	STATUTORY INFORMATION

Montford Development Company 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.

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 equipment

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

33% on reducing balance

Hire purchase and leasing commitments

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 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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

equipment

vehicles

equipment

Totals

£

COST

At 1 July 2023

75,424

65,408

1,536

142,368

Disposals

(48,500

)

(41,408

)

-

(89,908

)

At 30 June 2024

26,924

24,000

1,536

52,460

DEPRECIATION

At 1 July 2023

31,277

34,321

1,217

66,815

Charge for year

4,063

2,243

105

6,411

Eliminated on disposal

(23,105

)

(16,232

)

-

(39,337

)

At 30 June 2024

12,235

20,332

1,322

33,889

NET BOOK VALUE

At 30 June 2024

14,689

3,668

214

18,571

At 30 June 2023

44,147

31,087

319

75,553

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Trade debtors

19,472

38,996

Amounts recoverable on contract

400,000

245,124

Tax

-

14,917

VAT

-

2,577

Prepayments and accrued income

4,326

5,267

423,798

306,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Trade creditors

12,395

11,566

Corporation tax

9,971

-

PAYE and NIC

1,191

720

VAT

1,850

-

Other creditors

35,987

Directors' current accounts

118,565

101,287

Accruals

16,517

3,198

196,476

152,758

7.	PROVISIONS FOR LIABILITIES

30.6.24

30.6.23

£

Deferred tax

3,528

12,000

Deferred

tax

£

Balance at 1 July 2023

12,000

Credit to Statement of Income and Retained Earnings during year

(8,472

)

Prior year losses carried back

Balance at 30 June 2024

3,528

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

192,000

Ordinary

£1

192,000