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

REGISTERED NUMBER: 07791460 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2020

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

Suite 207, Devonshire House

Manor Way

Borehamwood

Hertfordshire

WD6 1QQ

FIXED ASSETS

Tangible assets

4

114,615

39,026

CURRENT ASSETS

Stocks

375,000

325,000

Debtors

3,298,966

3,584,888

Cash at bank and in hand

4,216

22,041

3,678,182

3,931,929

CREDITORS

Amounts falling due within one year

1,645,145

3,749,430

NET CURRENT ASSETS

2,033,037

182,499

TOTAL ASSETS LESS CURRENT LIABILITIES

2,147,652

221,525

CREDITORS

Amounts falling due after more than one year

(554,043

)

-

PROVISIONS FOR LIABILITIES

(7,326

)

(7,415

)

NET ASSETS

1,586,283

214,110

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,586,183

214,010

SHAREHOLDERS' FUNDS

1,586,283

214,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 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 2020 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 22 September 2021 and were signed by:

B S Chima - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 December 2018

100

1,252,611

1,252,711

Changes in equity

Dividends

-

(1,500,000

)

(1,500,000

)

Total comprehensive income

-

461,399

461,399

Balance at 30 November 2019

100

214,010

214,110

Changes in equity

Total comprehensive income

-

1,372,173

1,372,173

Balance at 30 November 2020

100

1,586,183

1,586,283

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.

The Covid-19 pandemic, and the lockdown measures associated with it, caused problems with the procurement of building materials and restricted the building work being carried out by the company. Whilst some uncertainties remain, the director believes that the company remains a going concern and that there will not be a long term impact on the company.

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.

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 and 25% 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 5 (2019 - 6 ) .

4.	Tangible fixed assets

Totals

£

COST

At 1 December 2019

50,400

Additions

107,962

At 30 November 2020

158,362

DEPRECIATION

At 1 December 2019

11,374

Charge for year

32,373

At 30 November 2020

43,747

NET BOOK VALUE

At 30 November 2020

114,615

At 30 November 2019

39,026

5.	Related party disclosures

At the balance sheet date, the company owed the Director, B S Chima, £NIL (2019: £NIL).

6.	Ultimate controlling party

The controlling party is Mammoth Capital Limited.

The ultimate controlling party is B S Chima.