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Registered number: 09535605
MH Plastering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09535605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,325 7,008
5,325 7,008
CURRENT ASSETS
Debtors 5 10,856 10,856
Cash at bank and in hand 4,233 4,210
15,089 15,066
Creditors: Amounts Falling Due Within One Year 6 (14,339 ) (9,586 )
NET CURRENT ASSETS (LIABILITIES) 750 5,480
TOTAL ASSETS LESS CURRENT LIABILITIES 6,075 12,488
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,012 ) (336 )
NET ASSETS 5,063 12,152
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 5,059 12,148
SHAREHOLDERS' FUNDS 5,063 12,152
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Martin Hyden
Director
28/12/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
MH Plastering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09535605 . The registered office is 77 Bradford Street, Hednesford, Staffs, WS11 2TQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 stated at cost less depreciation. 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:
Plant & Machinery 20% per annum reducing balance
Motor Vehicles 25% per annum reducing balance
Fixtures & Fittings 20% per annum reducing balance
Computer Equipment 33.33% per annum reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 2,500 7,500 495 1,137 11,632
As at 31 March 2025 2,500 7,500 495 1,137 11,632
Depreciation
As at 1 April 2024 1,220 1,875 392 1,137 4,624
Provided during the period 256 1,406 21 - 1,683
As at 31 March 2025 1,476 3,281 413 1,137 6,307
Net Book Value
As at 31 March 2025 1,024 4,219 82 - 5,325
As at 1 April 2024 1,280 5,625 103 - 7,008
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 10,856 10,856
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 13,680 8,809
Accruals and deferred income 500 499
Director's loan account 159 278
14,339 9,586
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
8. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 25,500 22,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Martin Hyden by virtue of his ownership of 100% of the issued share capital in the company.
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