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Registered number: 10795035
AB MFC Construction Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Revis & Co Accountancy Services Ltd
AAT
1st Floor 50 High Street
Cosham
Portsmouth
Hampshire
PO6 3AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10795035
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 695 927
695 927
CURRENT ASSETS
Debtors 5 19,163 8,496
Cash at bank and in hand 2,382 21,555
21,545 30,051
Creditors: Amounts Falling Due Within One Year 6 (710 ) (2,157 )
NET CURRENT ASSETS (LIABILITIES) 20,835 27,894
TOTAL ASSETS LESS CURRENT LIABILITIES 21,530 28,821
PROVISIONS FOR LIABILITIES
Deferred Taxation (132 ) (176 )
NET ASSETS 21,398 28,645
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 21,298 28,545
SHAREHOLDERS' FUNDS 21,398 28,645
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr Aidan Boyle
Director
30/10/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AB MFC Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10795035 . The registered office is 1st Floor , 50 High Street, PORTSMOUTH, Hampshire, PO6 2UJ.
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. 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:
Computer Equipment 25% Reducing balance
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 2,531
As at 31 May 2025 2,531
Depreciation
As at 1 June 2024 1,604
Provided during the period 232
As at 31 May 2025 1,836
...CONTINUED
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Net Book Value
As at 31 May 2025 695
As at 1 June 2024 927
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income - 33
Other taxes and social security 8,463 8,463
Director's loan account 10,700 -
19,163 8,496
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 326 291
Accruals and deferred income 384 326
Director's loan account - 1,540
710 2,157
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2024 Amounts advanced Amounts repaid Amounts written off As at 31 May 2025
£ £ £ £ £
Mr Aidan Boyle - 10,700 - - 10,700
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Aiden Boyle by virtue of his ownership of 100% of the issued share capital in the company.
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