REGISTERED NUMBER: 05265778 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MD TAPP BUILDERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M D Tapp

REGISTERED OFFICE:

13 Cadwell Road

Paignton

TQ3 2SX

REGISTERED NUMBER:

05265778 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

BANKERS:

HSBC Bank Plc

7 Palace Avenue

Paignton

Devon

TQ3 3ED

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

22,195

136,444

Investment property

6

180,000

-

202,195

136,444

CURRENT ASSETS

Debtors

7

132,037

74,585

Cash at bank

174,666

302,695

306,703

377,280

CREDITORS

Amounts falling due within one year

8

78,762

58,827

NET CURRENT ASSETS

227,941

318,453

TOTAL ASSETS LESS CURRENT LIABILITIES

430,136

454,897

CREDITORS

Amounts falling due after more than one year

9

(4,410

)

(14,814

)

PROVISIONS FOR LIABILITIES

(21,758

)

(7,366

)

NET ASSETS

403,968

432,717

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

10

48,650

-

Retained earnings

355,308

432,707

SHAREHOLDERS' FUNDS

403,968

432,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2025 and were signed by:

Mr M D Tapp - Director

1.	STATUTORY INFORMATION

MD Tapp Builders 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

34,000

AMORTISATION

At 1 April 2024

and 31 March 2025

34,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

113,809

12,820

61,080

187,709

Reclassification/transfer

(113,809

)

-

-

(113,809

)

At 31 March 2025

-

12,820

61,080

73,900

DEPRECIATION

At 1 April 2024

6,828

10,873

33,564

51,265

Charge for year

-

389

6,879

7,268

Eliminated on disposal

(6,828

)

-

-

(6,828

)

At 31 March 2025

-

11,262

40,443

51,705

NET BOOK VALUE

At 31 March 2025

-

1,558

20,637

22,195

At 31 March 2024

106,981

1,947

27,516

136,444

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

66,191

Reclassification/transfer

113,809

At 31 March 2025

180,000

NET BOOK VALUE

At 31 March 2025

180,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

180,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,961

14,981

Amounts recoverable on contract

55,434

50,403

Directors' current accounts

38,642

9,201

132,037

74,585

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,404

10,149

Trade creditors

36,348

11,834

Tax

1,251

11,270

Social security and other taxes

6,417

4,060

VAT

21,827

19,274

Other creditors

2,315

2,040

Accrued expenses

200

200

78,762

58,827

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,410

14,814

10.

RESERVES

Revaluation

reserve

£

Investment properties

48,650

At 31 March 2025

48,650

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr M D Tapp

Balance outstanding at start of year

9,201

(2,342

)

Amounts advanced

125,976

28,786

Amounts repaid

(96,535

)

(17,243

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,642

9,201

Loans are unsecured and repayable on demand. Interest is charged at 2.5% in the year on debit loan balances.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,328 (2024 - £4,700) were paid to the director .

Mr M D Tapp, a director of the company, lived at 14a Cadwell Road until May 2024, a property owned by the company. Mr M D Tapp paid no rent during the period.