Mammoth Construction Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07791460 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2019

for

Mammoth Construction Limited

Page

Company Information

1

Abridged Balance Sheet

2

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTOR:

B S Chima

SECRETARY:

Mrs A K Chima

REGISTERED OFFICE:

86-90 Paul Street

London

EC2A 4NE

REGISTERED NUMBER:

07791460 (England and Wales)

ACCOUNTANTS:

Philip Gale & Co

Churchill House

Stirling Way

Borehamwood

Hertfordshire

WD6 2HP

FIXED ASSETS

Tangible assets

4

39,026

6,909

CURRENT ASSETS

Stocks

325,000

225,000

Debtors

3,584,888

2,267,850

Cash at bank and in hand

22,041

59,364

3,931,929

2,552,214

CREDITORS

Amounts falling due within one year

3,749,430

1,305,099

NET CURRENT ASSETS

182,499

1,247,115

TOTAL ASSETS LESS CURRENT
LIABILITIES

221,525

1,254,024

PROVISIONS FOR LIABILITIES

7,415

1,313

NET ASSETS

214,110

1,252,711

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

214,010

1,252,611

SHAREHOLDERS' FUNDS

214,110

1,252,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2019 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 director and authorised for issue on 20 January 2021 and were signed by:

B S Chima - Director

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1 December 2017

100

810,456

810,556

Changes in equity

Total comprehensive income

-

442,155

Balance at 30 November 2018

100

1,252,611

1,252,711

Changes in equity

Dividends

-

(1,500,000

)

(1,500,000

)

Total comprehensive income

-

461,399

Balance at 30 November 2019

100

214,010

214,110

1.	STATUTORY INFORMATION

Mammoth 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The ability for the company to continue as a going concern is based on the director's judgement and his estimate of the company's future trading performance. With the current level of uncertainty regarding the further impact of Covid-19 on the economy, there is a greater risk to the business than usual. However, the director is extremely positive about the outlook for the company over the next four to five years having already established a strong order book and a good future contracts pipeline

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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 6 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2018

10,038

Additions

40,362

At 30 November 2019

50,400

DEPRECIATION

At 1 December 2018

3,129

Charge for year

8,245

At 30 November 2019

11,374

NET BOOK VALUE

At 30 November 2019

39,026

At 30 November 2018

6,909

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the Director, B S Chima, £NIL (2018: £764,479) which is included within other creditors.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mammoth Capital Limited.

The ultimate controlling party is B S Chima.

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

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