Registration number: 12813094

MHD Construction Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

MHD Construction Services Limited

Company Information

Directors

Mr S McCormack Mrs M McCormack

Registered office

Enterprise Road Mablethorpe Lincolnshire LN12 1NB

MHD Construction Services Limited

(Registration number: 12813094)
Balance Sheet as at 30 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	6,150	7,380
Tangible assets	5	2,069,889	1,050,738
		2,076,039	1,058,118
Current assets
Stocks	6	12,963	15,265
Debtors	7	195,179	440,330
Cash at bank and in hand		64,584	305,135
		272,726	760,730
Creditors: Amounts falling due within one year	8	(600,261)	(435,550)
Net current (liabilities)/assets		(327,535)	325,180
Total assets less current liabilities		1,748,504	1,383,298
Creditors: Amounts falling due after more than one year	8	(932,595)	(484,260)
Provisions for liabilities		(215,407)	(233,280)
Net assets		600,502	665,758
Capital and reserves
Called up share capital	9	100	100
Retained earnings		600,402	665,658
Shareholders' funds		600,502	665,758

For the financial year ending 30 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr S McCormack Director

......................................... Mrs M McCormack Director

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

1	General information

The company is a private company, limited by share capital, incorporated in England and Wales and the company registration number is 12813094.

The address of its registered office is:
Enterprise Road
Mablethorpe
Lincolnshire
LN12 1NB

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance basis
Motor vehicles	25% reducing balance basis
Office equipment	33% straight line basis
Yard	10% reducing balance basis
Tools and equipment	10% reducing balance basis
Land	nil

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10 years straight line basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 15 (2024 - 14).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 31 August 2024	12,300	12,300
At 30 August 2025	12,300	12,300
Amortisation
At 31 August 2024	4,920	4,920
Amortisation charge	1,230	1,230
At 30 August 2025	6,150	6,150
Carrying amount
At 30 August 2025	6,150	6,150
At 30 August 2024	7,380	7,380

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 31 August 2024	14,968	1,297,775	69,050	1,381,793
Additions	2,500	1,255,839	226,175	1,484,514
Disposals	-	(85,484)	(121,490)	(206,974)
At 30 August 2025	17,468	2,468,130	173,735	2,659,333
Depreciation
At 31 August 2024	8,746	305,163	17,146	331,055
Charge for the year	685	234,541	24,975	260,201
Eliminated on disposal	-	-	(1,812)	(1,812)
At 30 August 2025	9,431	539,704	40,309	589,444
Carrying amount
At 30 August 2025	8,037	1,928,426	133,426	2,069,889
At 30 August 2024	6,222	992,612	51,904	1,050,738

Included within the net book value of land and buildings above is £8,037 (2024 - £6,222) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	12,963	15,265

7

Debtors

Current	2025 £	2024 £
Trade debtors	193,979	440,330
Other debtors	1,200	-
	195,179	440,330

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	335,915	211,699
Trade creditors		196,882	109,978
Taxation and social security		61,936	109,283
Accruals and deferred income		4,560	4,590
Other creditors		968	-
		600,261	435,550

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £327,156 (2024: £184,440).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	932,595	484,260

Creditors net obligations under finance lease and hire purchase contracts which are secured of £882,595 (2024: £384,260).

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	90	90	90	90
Ordinary B of £1 each	10	10	10	10
	100	100	100	100

MHD Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 August 2025

10	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	50,000	100,000
Hire purchase contracts	882,595	384,260
	932,595	484,260

	2025 £	2024 £
Current loans and borrowings
Hire purchase contracts	327,156	184,440
Other borrowings	8,759	27,259
	335,915	211,699

Bank borrowings

Bounceback loans is denominated in Pound Sterling with a nominal interest rate of 2.5%, and the final instalment is due on 1 August 2028. The carrying amount at year end is £50,000 (2024 - £100,000).