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

REGISTERED NUMBER: 03974058 (England and Wales)

MCP Construction Limited

Unaudited financial statements

For the year ended

31st July 2018

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

5

Director:

A G Barnard

Secretary:

Ms M A Barnard

Registered office:

High Paddock

Main Road

Swardston

Norfolk

NR14 8AD

Registered number:

03974058 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

97 Yarmouth Road

Norwich

Norfolk

NR7 0HF

Fixed assets

Tangible assets

4

19,254

25,049

Current assets

Debtors

5

15,394

15,646

Cash in hand

10

10

15,404

15,656

Creditors

Amounts falling due within one year

6

23,829

29,345

Net current liabilities

(8,425

)

(13,689

)

Total assets less current liabilities

10,829

11,360

Creditors

Amounts falling due after more than one year

7

(7,403

)

(11,232

)

Provisions for liabilities

(3,273

)

-

Net assets

153

128

Capital and reserves

Called up share capital

101

101

Retained earnings

52

27

153

128

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 director acknowledges his 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 director on 30th April 2019 and were signed by:

A G Barnard - Director

1.	Statutory information

MCP 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.

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.

Plant and machinery

-

20% 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.

3.	Employees and directors

The average number of employees during the year was 2 (2017 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1st August 2017

18,532

63,033

5,942

87,507

Additions

499

-

-

499

At 31st July 2018

19,031

63,033

5,942

88,006

Depreciation

At 1st August 2017

12,226

45,332

4,900

62,458

Charge for year

1,608

4,425

261

6,294

At 31st July 2018

13,834

49,757

5,161

68,752

Net book value

At 31st July 2018

5,197

13,276

781

19,254

At 31st July 2017

6,306

17,701

1,042

25,049

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

15,394

15,646

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank loans and overdrafts

7,759

7,521

Hire purchase contracts

3,819

7,485

Taxation and social security

10,153

9,670

Other creditors

2,098

4,669

23,829

29,345

7.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Hire purchase contracts

7,403

11,221

Other creditors

-

11

7,403

11,232

8.	Related party disclosures

At the year end the company owed the directors £nil (2018 - £4,123)