M3 Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05519055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2018

FOR

M3 CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I A Majid

C Munir

N Patel

REGISTERED OFFICE:

Suite 1a, Ground floor

1 Dovecote Business Park

Old hall Road

Sale, Manchester

Lancashire

M33 2GZ

REGISTERED NUMBER:

05519055 (England and Wales)

ACCOUNTANTS:

DBF Associates

Chartered Accountants

South Cheetham B C

10 Park Place

Manchester

Lancashire

M4 4EY

FIXED ASSETS

Tangible assets

4

363,027

177,847

CURRENT ASSETS

Debtors

5

3,297,113

2,878,179

Cash at bank

50,736

3,939

3,347,849

2,882,118

CREDITORS

Amounts falling due within one year

6

2,510,496

2,091,013

NET CURRENT ASSETS

837,353

791,105

TOTAL ASSETS LESS CURRENT LIABILITIES

1,200,380

968,952

CAPITAL AND RESERVES

Called up share capital

7

100,003

30,003

Retained earnings

8

1,100,377

938,949

SHAREHOLDERS' FUNDS

1,200,380

968,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

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 26th April 2019 and were signed on its behalf by:

I A Majid - Director

1.	STATUTORY INFORMATION

M3 Construction Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2017 - 48 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

Plant and

Equipment

vehicles

machinery

Totals

£

£

£

£

COST

At 1st August 2017

1,800

60,370

164,161

226,331

Additions

5,454

55,907

191,246

252,607

Disposals

-

(3,364

)

-

(3,364

)

At 31st July 2018

7,254

112,913

355,407

475,574

DEPRECIATION

At 1st August 2017

695

23,165

24,624

48,484

Charge for year

984

13,462

49,617

64,063

At 31st July 2018

1,679

36,627

74,241

112,547

NET BOOK VALUE

At 31st July 2018

5,575

76,286

281,166

363,027

At 31st July 2017

1,105

37,205

139,537

177,847

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,958,776

2,130,581

Other debtors

315,377

731,991

Prepayments

22,960

15,607

3,297,113

2,878,179

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,531,664

1,176,848

Tax

88,165

67,706

Social security and other taxes

259,673

243,250

VAT

33,819

53,990

Other creditors

229,112

191,261

Directors' loan accounts

357,818

341,627

Accrued expenses

10,245

16,331

2,510,496

2,091,013

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100,003

Ordinary

£1

100,003

30,003

(2017 - 30,003 )

70,000 Ordinary shares of £1 each were allotted as fully paid as a bonus issue out of reserves during the year.

8.

RESERVES

Retained

earnings

£

At 1st August 2017

938,949

Profit for the year

231,428

Bonus share issue

(70,000

)

At 31st July 2018

1,100,377

9.	RELATED PARTY DISCLOSURES

In other debtors: Following relating parties owes money to M3 Construction Limited.

1:- PIN Property Consultancy Ltd £10,586 (2018) and £5,032 (2017)

2:- North West Properties Ltd £7,000 (2018) and NIL (2017)

3:- NAP (UK) Ltd £16,593 (2018) and £16,293 (2017)

4:- Chadderton Properties Ltd NIL (2018) and £936 (2017)

5:- Cantt Pak Limited NIL (2018) and £277,062 (2017)

6:- Highgate Property UK Ltd NIL (2018) and £7,374 (2017)

7:- Construction & Property Solutions Ltd £1,106 (2018) and £1,106 (2017)

8:- IPS (NW) Ltd £20,000 (2018) and £500 (2017)

9:- MSL (UK) Ltd £3,223 (2018) and £2,476 (2017)

10:- MSL Holdings (MCR) Ltd £1,236 (2018) and NIL (2017)

11: The ZIP Partnership LLP £7,373 (2018) and NIL (2017)

In other Creditors: M3 Construction Ltd owes to following related parties.

1:- Belle vue properties (NW) Ltd £47,921 (2018) and £48,667 (2017)

2:- Northwest Properties Ltd NIL (2018) and £26,000 (2017)