REGISTERED NUMBER: 10318432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MLS BUILDING & CONSTRUCTION LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,681

15,423

CURRENT ASSETS

Stocks

1,284

1,806

Debtors

5

3,042

15,886

Cash at bank

3,442

6,460

7,768

24,152

CREDITORS

Amounts falling due within one year

6

50,064

47,365

NET CURRENT LIABILITIES

(42,296

)

(23,213

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,615

)

(7,790

)

PROVISIONS FOR LIABILITIES

-

2,930

NET LIABILITIES

(38,615

)

(10,720

)

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

(38,617

)

(10,722

)

SHAREHOLDERS' FUNDS

(38,615

)

(10,720

)

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 directors acknowledge their 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 Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr M J Lewis - Director

1.	STATUTORY INFORMATION

MLS Building & Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10318432

Registered office:

14 Gelliwastad Road

Pontypridd

RCT

CF37 2BW

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.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. The directors undertake to supply funds to allow the company to meet its debts as they fall due for the foreseeable future.

The directors have agreed not to seek repayment of the directors loan account of £43,478 until the company has sufficient funds to do so.

Therefore the financial statements have been prepared on a going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

42,023

Disposals

(28,149

)

Transfer to ownership

1

At 31 March 2025

13,875

DEPRECIATION

At 1 April 2024

26,600

Charge for year

649

Eliminated on disposal

(17,055

)

At 31 March 2025

10,194

NET BOOK VALUE

At 31 March 2025

3,681

At 31 March 2024

15,423

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

39,467

Disposals

(28,149

)

Transfer to ownership

(11,318

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

26,600

Eliminated on disposal

(17,055

)

Transfer to ownership

(9,545

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

12,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

-

15,886

Other debtors

3,042

-

3,042

15,886

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

-

3,589

Trade creditors

3,090

1,277

Taxation and social security

740

1,980

Other creditors

46,234

40,519

50,064

47,365

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

50

Ordinary A

0.1

1

1

50

Ordinary B

0.1

1

1

2

2