M & P Contractors Wales Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03897269 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M & P Contractors Wales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M T Huntley

J P Huntley

R P Davies

N P Huntley

J M Huntley

J G Huntley

J T Huntley

Secretary:

P R Davies

Registered office:

M & P House

6 Cambrian Industrial Estate

Clydach Vale

Tonypandy

Rhondda Cynon Taff

CF40 2XX

Registered number:

03897269 (England and Wales)

Accountants:

Curtis, Bowden and Thomas Limited

101 Dunraven Street

Tonypandy

Rhondda Cynon Taff

CF40 1AR

Fixed assets

Tangible assets

4

75,734

99,486

Current assets

Debtors

5

1,635,259

1,829,519

Cash at bank

2,349,139

1,842,147

3,984,398

3,671,666

Creditors

Amounts falling due within one year

6

661,881

602,585

Net current assets

3,322,517

3,069,081

Total assets less current liabilities

3,398,251

3,168,567

Provisions for liabilities

11,189

16,518

Net assets

3,387,062

3,152,049

Capital and reserves

Called up share capital

200

Retained earnings

3,386,862

3,151,849

Shareholders' funds

3,387,062

3,152,049

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 18 November 2025 and were signed on its behalf by:

M T Huntley - Director

1.	Statutory information

M & P Contractors Wales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 8 ) .

4.	Tangible fixed assets

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

Cost

At 1 April 2024

39,757

43,640

93,101

Additions

-

At 31 March 2025

39,757

43,640

93,101

Depreciation

At 1 April 2024

39,093

37,547

86,278

Charge for year

166

1,523

1,705

At 31 March 2025

39,259

39,070

87,983

Net book value

At 31 March 2025

498

4,570

5,118

At 31 March 2024

664

6,093

6,823

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 April 2024

292,065

51,953

520,516

Additions

-

1,249

At 31 March 2025

292,065

53,202

521,765

Depreciation

At 1 April 2024

213,926

44,186

421,030

Charge for year

19,535

2,072

25,001

At 31 March 2025

233,461

46,258

446,031

Net book value

At 31 March 2025

58,604

6,944

75,734

At 31 March 2024

78,139

7,767

99,486

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

Trade debtors

782,116

1,037,372

Other debtors

853,143

792,147

1,635,259

1,829,519

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

Trade creditors

445,881

333,355

Taxation and social security

216,000

269,230

661,881

602,585

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

M T Huntley

Balance outstanding at start of year

547,943

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

547,943

8.	Related party disclosures

Mr M Huntley and Mr J M Huntley are also directors of Huntley Trade Specialists Limited with which M & P Contractors Wales Limited entered into transactions totalling £2,922,912 (2024 : £3,549,867) All of these transactions were undertaken on a commercial basis.

Included within other debtors is an inter company loan of £20,000 (2024 : £20,000) to Cambrian Trade Specialists Limited, a company in which Mr M T Huntley and Mr J T Huntley are directors. This is an interest free loan repayable on demand and is included in other debtors in the accounts.

Mr J T Huntley and Mr J G Huntley are also directors of Huntley Developments Limited for which a loan of £20,000 has been made during the year. This is an interest free loan repayable on demand and is included within other debtors.

Included within other debtors is an inter company loan of £70,000 (2024 : £20,000) to Huntley Developments Limited, a company in which Mr M T Huntley and Mr J G Huntley are directors. This is an interest free loan repayable on demand and is included in other debtors in the accounts.

9.	Ultimate controlling party

The controlling party is M T Huntley.