M & N Contracts Limited

	Page
Abridged Statement of Financial Position	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: NI045351

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		58,346		51,262

			58,346		51,262
CURRENT ASSETS
Stocks		20,337		24,563
Debtors		3,927		57,890
Cash at bank and in hand		118,325		86,566

		142,589		169,019
Creditors: Amounts Falling Due Within One Year		(72,771 )		(72,074 )

NET CURRENT ASSETS (LIABILITIES)			69,818		96,945

TOTAL ASSETS LESS CURRENT LIABILITIES			128,164		148,207

Creditors: Amounts Falling Due After More Than One Year			(7,139 )		(5,806 )

NET ASSETS			121,025		142,401

CAPITAL AND RESERVES
Called up share capital	5		300		300
Income Statement			120,725		142,101

SHAREHOLDERS' FUNDS			121,025		142,401

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M & N Contracts Limited

Abridged Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Martin Neeson

Director

02/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

M & N Contracts Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI045351 . The registered office is 18 Market Road, Ballymena, Co Antrim, BT43 6EL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Motor Vehicles	20%
Computer Equipment	20%

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 6)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	137,229
Additions	21,670

As at 31 March 2025	158,899

...CONTINUED

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M & N Contracts Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	85,967
Provided during the period	14,586

As at 31 March 2025	100,553

Net Book Value
As at 31 March 2025	58,346

As at 1 April 2024	51,262

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	300	300

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