REGISTERED NUMBER: 06156033 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

M&L Associates Design And Build Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Moody

T W Moody

SECRETARY:

J Moody

REGISTERED OFFICE:

Oakwood

Ebchester

Consett

Co. Durham

DH8 0PQ

REGISTERED NUMBER:

06156033 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

21 Sherburn Terrace

Consett

Co. Durham

DH8 6ND

Fixed assets

Tangible assets

3

28,162

37,549

Investment property

4

775,000

775,000

803,162

812,549

Current assets

Debtors

5

11,231

132,723

Prepayments and accrued income

1,290

6,369

Cash at bank

390,662

474,541

403,183

613,633

Creditors

Amounts falling due within one year

6

(33,298

)

(110,919

)

Net current assets

369,885

502,714

Total assets less current liabilities

1,173,047

1,315,263

Creditors

Amounts falling due after more than one year

7

(250,493

)

(407,647

)

Provisions for liabilities

(24,951

)

(7,134

)

Net assets

897,603

900,482

Capital and reserves

Called up share capital

1,000

1,000

Fair value reserve

8

83,558

103,158

Retained earnings

8

813,045

796,324

897,603

900,482

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 19 December 2025 and were signed on its behalf by:

K Moody - Director

1.	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.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

73,969

65,015

138,984

DEPRECIATION

At 1 April 2024

66,242

35,193

101,435

Charge for year

1,932

7,455

9,387

At 31 March 2025

68,174

42,648

110,822

NET BOOK VALUE

At 31 March 2025

5,795

22,367

28,162

At 31 March 2024

7,727

29,822

37,549

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

775,000

NET BOOK VALUE

At 31 March 2025

775,000

At 31 March 2024

775,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

88,158

Valuation in 2022

15,000

Cost

671,842

775,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,231

132,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

14,570

Trade creditors

12,265

26,471

Corporation tax

5,653

30,441

Social security and other tax

2,865

4,313

VAT

7,634

30,273

Other creditors

101

101

Accruals and deferred income

4,780

4,750

33,298

110,919

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

14,570

Bank loans - 2-5 years

-

50,147

Bank loans more than 5 years

-

114,013

Directors' loan accounts

250,493

228,917

250,493

407,647

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

114,013

8.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.