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Registered number: 12175164
MM Drylining Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12175164
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 13,959 5,533
Cash at bank and in hand 26,080 24,038
40,039 29,571
Creditors: Amounts Falling Due Within One Year 5 (64,905 ) (61,361 )
NET CURRENT ASSETS (LIABILITIES) (24,866 ) (31,790 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,866 ) (31,790 )
Creditors: Amounts Falling Due After More Than One Year 6 - (7,350 )
NET LIABILITIES (24,866 ) (39,140 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (24,867 ) (39,141 )
SHAREHOLDERS' FUNDS (24,866) (39,140)
For the year ending 31 August 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 M Macinica
Director
21st May 2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MM Drylining Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12175164 . The registered office is 14 Berkeley Road, London, NW9 9DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 September 2024 to 31 August 2025 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,452 -
Tax recoverable 1,507 5,533
13,959 5,533
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 78
Bank loans and overdrafts 7,350 9,800
VAT 16,839 17,447
Net wages 1,044 1,044
Accruals 600 500
Director's loan account 39,073 32,492
64,905 61,361
Page 2
Page 3
6. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 7,350
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
8. Related Party Transactions
During the year, no dividend was paid to the director.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr M Macinica by virtue of his ownership of 100% of the issued share capital in the company.
Page 3