MMB Construction Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08107205 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2018

for

MMB CONSTRUCTION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

Mrs S C Nicholls

M Martin

REGISTERED OFFICE:

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

REGISTERED NUMBER:

08107205 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Tangible assets

4

12,698

18,569

CURRENT ASSETS

Debtors

5,588

14,740

Cash at bank

3

3

5,591

14,743

CREDITORS

Amounts falling due within one year

20,292

27,611

NET CURRENT LIABILITIES

(14,701

)

(12,868

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,003

)

5,701

CREDITORS

Amounts falling due after more than one year

-

(4,294

)

PROVISIONS FOR LIABILITIES

(2,413

)

(3,528

)

NET LIABILITIES

(4,416

)

(2,121

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,516

)

(2,221

)

SHAREHOLDERS' FUNDS

(4,416

)

(2,121

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 21st March 2019 and were signed on its behalf by:

Mrs S C Nicholls - Director

1.	STATUTORY INFORMATION

MMB Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis of accounting. At the balance sheet date

the company's liabilities exceeded its assets by £4,149. The directors have confirmed that they will provide

assisstance to the company when required.

Turnover

Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding

value added tax. Income is being recognised according to the stage of completion of work done.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2017

33,675

Disposals

(9,500

)

At 30th June 2018

24,175

DEPRECIATION

At 1st July 2017

15,106

Charge for year

3,896

Eliminated on disposal

(7,525

)

At 30th June 2018

11,477

NET BOOK VALUE

At 30th June 2018

12,698

At 30th June 2017

18,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st July 2017

and 30th June 2018

17,653

DEPRECIATION

At 1st July 2017

6,779

Charge for year

2,719

At 30th June 2018

9,498

NET BOOK VALUE

At 30th June 2018

8,155

At 30th June 2017

10,874

5.	SECURED DEBTS

The following secured debts are included within creditors:

30/6/18

30/6/17

£

£

Hire purchase contracts

3,031

9,229

The debts are secured against the assets to which they relate.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2018 and

30th June 2017:

30/6/18

30/6/17

£

£

Mrs S C Nicholls and M Martin

Balance outstanding at start of year

11,780

17,213

Amounts advanced

5,489

11,780

Amounts repaid

(11,780

)

(17,213

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,489

11,780

This loan is repayable within 9 months.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of MMB Construction Limited for the year ended 30th June 2018 which comprise the Abridged

Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of MMB Construction Limited, as a body, in accordance with the terms of our engagement letter dated 14th February 2019. Our work has been undertaken solely to prepare for your approval the financial statements of MMB Construction Limited and state those matters that we have agreed to state to the Board of Directors of MMB Construction Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MMB Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MMB Construction Limited. You consider that MMB Construction Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MMB Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

21st March 2019