Mike Howe (Joinery & Groundworks) Limited

Registered number

06091097

Unaudited Filleted Accounts

28 February 2025

Mike Howe (Joinery & Groundworks) Limited
Registered number:		06091097
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		609,451			579,576

Current assets
Debtors	4	34,933			37,679
Cash at bank and in hand		4,166			7,734
		39,099			45,413

Creditors: amounts falling due within one year	5	(162,371)			(140,927)

Net current liabilities			(123,272)			(95,514)

Total assets less current liabilities			486,179			484,062

Creditors: amounts falling due after more than one year	6		(114,175)			(205,735)

Provisions for liabilities			(94,818)			(69,989)


Net assets			277,186			208,338

Capital and reserves
Called up share capital			1			1
Profit and loss account			277,185			208,337

Shareholder's funds			277,186			208,338

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Howe
Director
Approved by the board on 27 November 2025

Mike Howe (Joinery & Groundworks) Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			11		12


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	716,936		67,049		783,985
	Additions	101,150		19,990		121,140
	At 28 February 2025	818,086		87,039		905,125

	Depreciation
	At 1 March 2024	180,606		23,803		204,409
	Charge for the year	80,453		10,812		91,265
	At 28 February 2025	261,059		34,615		295,674

	Net book value
	At 28 February 2025	557,027		52,424		609,451
	At 29 February 2024	536,330		43,246		579,576


4	Debtors			2025		2024
£					£

	Trade debtors			15,785		37,679
	Other debtors			19,148		-
				34,933		37,679


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,414		10,160
	Obligations under finance lease and hire purchase contracts			133,916		117,972
	Trade creditors			10,246		6,395
	Taxation and social security costs			5,917		6,246
	Other creditors			1,878		154
				162,371		140,927


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			3,708		14,005
	Obligations under finance lease and hire purchase contracts			110,467		191,730
				114,175		205,735


7	Other information

	Mike Howe (Joinery & Groundworks) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Fairfield
	Tree Road
	Brampton
	Cumbria
	CA8 1TX