Monk Bridge Construction Company,Limited(The)

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 00181897

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,291,425		1,673,739
Investments	5		12,646		12,646

			2,304,071		1,686,385
CURRENT ASSETS
Stocks	6	156,137		92,127
Debtors	7	1,790,329		1,732,437
Cash at bank and in hand		152,402		726,114

		2,098,868		2,550,678
Creditors: Amounts Falling Due Within One Year	8	(1,391,435 )		(1,691,551 )

NET CURRENT ASSETS (LIABILITIES)			707,433		859,127

TOTAL ASSETS LESS CURRENT LIABILITIES			3,011,504		2,545,512

Creditors: Amounts Falling Due After More Than One Year	9		(2,446 )		(17,770 )

NET ASSETS			3,009,058		2,527,742

CAPITAL AND RESERVES
Called up share capital	11		12,000		12,000
Revaluation reserve	12		1,571,664		861,324
Profit and Loss Account			1,425,394		1,654,418

SHAREHOLDERS' FUNDS			3,009,058		2,527,742

Page 1

Page 2

Monk Bridge Construction Company,Limited(The)

Balance Sheet (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 Profit and Loss Account.

On behalf of the board

Mr R.J. Newsome

Director

01/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Monk Bridge Construction Company,Limited(The) is a private company, limited by shares, incorporated in England & Wales, registered number 00181897 . The registered office is Elvington Industrial Estate, Elvington, York, YO41 4AR.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Freehold	NIL
Plant & Machinery	12.5% on Cost and 5% on Cost
Motor Vehicles	25% on Cost
Fixtures & Fittings	25% on Cost and 20% on Cost

The Freehold land and buildings at Elvington Industrial Estate were revalued by Lambert, Smith Hampton Chartered Surveyors on 8th October 2024 The valuation was made on an open market basis with full vacant possession.

The directors incorporated this revaluation in the financial statements during the year ended 31 March 2025 and the uplift in value has been credited to the property revaluation reserve.

No depreciation is provided in respect of these freehold properties

The historic cost of the freehold land and buildings is £248,336 (2024 - £228,336)

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. 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.

Page 3

Page 4

Monk Bridge Construction Company,Limited(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable .

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 years 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2024: 24)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost or Valuation
As at 1 April 2024	1,089,660	1,164,007	2,253,667
Additions	20,000	38,031	58,031
Revaluation	710,340	-	710,340

As at 31 March 2025	1,820,000	1,202,038	3,022,038

Depreciation
As at 1 April 2024	-	579,928	579,928
Provided during the period	-	150,685	150,685

As at 31 March 2025	-	730,613	730,613

Net Book Value
As at 31 March 2025	1,820,000	471,425	2,291,425

As at 1 April 2024	1,089,660	584,079	1,673,739

5. Investments

	Other
	£
Cost or Valuation
As at 1 April 2024	12,646

As at 31 March 2025	12,646

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	12,646

As at 1 April 2024	12,646

Page 4

Page 5

Monk Bridge Construction Company,Limited(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	2025	2024
	£	£
Stock	16,650	16,220
Work in progress	139,487	75,907

	156,137	92,127

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,468,549	1,358,692
Other debtors	321,780	373,745

	1,790,329	1,732,437

Debtors include an amount of £61,457 (2024 - £93,624), which is due after more than one year.

Included in other debtors is £25,884 (2024 - NIL) owed by the directors of the company

Since the year end this amount has been repaid in full.

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	5,142	25,065
Trade creditors	1,173,585	1,078,316
Bank loans and overdrafts	10,648	27,641
Taxation & Social security	58,467	200,577
Other creditors	143,593	359,952

	1,391,435	1,691,551

The bank loan and overdraft are secured.

Included in other creditors are amounts totalling £140,265 (2024 - £352,378) due to the directors of the company.

Included in other creditors falling due within one year are net obligations under hire purchase contracts of £5,142

(2024 - £25,065). These obligations are secured on the asset to which they relate.

On 21st February 2013 a legal mortgage was created securing all monies due or to become due from the company to HSBC Bank plc.

On 22nd February 2013 a debenture was created securing all monies due or to become due from the company to HSBC Bank plc.

Page 5

Page 6

Monk Bridge Construction Company,Limited(The)

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	5,142
Bank loans	2,446	12,628

	2,446	17,770

The bank loan is secured.

Included in other creditors are amounts totalling £Nil (2024 - NIL) due to the directors of the company.

Included in other creditors falling due after one year are net obligations under hire purchase contracts of £NIL (2024 - £5,142). These obligations are secured on the asset to which they relate.

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	5,142	25,065
Later than one year and not later than five years	-	5,142

	5,142	30,207

	5,142	30,207

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	12,000	12,000

12. Reserves

	Revaluation Reserve
	£
As at 1 April 2024	861,324
Surplus on revaluation	710,340

As at 31 March 2025	1,571,664

The freehold land and buildings at Elvington Industrial Estate were revalued by Lambert Smith Hampton on 8th October 2024.

The valuation was made on an open market valuation basis with full vacant possession.

The directors have incorporated this revaluation in the financial statements and the uplift has been credited to the property valuation reserve.

Page 6