| Michael J Clements Construction Ltd |
| Registered Number:04183714 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
Michael J Clements Construction Ltd
Statement of Financial Position
2024
2025
| Property, plant and equipment |
388,592
395,942
2
388,592
395,942
700,000
670,000
3
| Trade and other receivables |
11,486
11,021
4
9,427
| Cash and cash equivalents |
12,719
693,740
720,913
| Trade and other payables: amounts falling due within one |
| year |
(1,055,133)
(1,042,431)
5
(334,220)
(348,691)
Net current liabilities
| Total assets less current liabilities |
39,901
61,722
| Trade and other payables: amounts falling due after more |
| than one year |
(16,037)
(5,760)
6
34,141
Net assets
45,685
2
2
34,139
45,683
34,141
45,685
Shareholders' funds
| For the year ended 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 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Michael John Clements Director |
| These financial statements were approved and authorised for issue by the Board on 19 November 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Michael J Clements Construction Ltd
Notes to the Financial Statements
Statutory Information
| Michael J Clements Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04183714. |
| Principal place of business: |
Bow Farm
Badgworth
Axbridge
Somerset
BS26 2QA
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 March 2025
Michael J Clements Construction Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
442,719
1,916
58,229
8,681
373,893
8,681
58,229
1,916
442,719
373,893
| Provision for depreciation and impairment |
46,777
1,916
36,180
8,681
-
Charge for year
7,350
-
7,350
-
-
54,127
1,916
43,530
8,681
-
373,893
-
14,699
-
388,592
373,893
-
22,049
-
395,942
2024
2025
670,000
700,000
| 4. Trade and other receivables |
2024
2025
-
840
11,021
10,646
11,486
11,021
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
10,000
10,000
2,710
2,279
| Taxation and social security |
-
528
1,029,721
1,042,326
1,042,431
1,055,133
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For the year ended 31 March 2025
Michael J Clements Construction Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
5,760
16,037
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
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