Manchester Demolition Company Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11987045 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2022 TO 30 MAY 2023

FOR

MANCHESTER DEMOLITION COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

B Fisher

REGISTERED OFFICE:

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

REGISTERED NUMBER:

11987045 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

-

256

CURRENT ASSETS

Debtors

5

10,618

-

Cash at bank and in hand

174

16,986

10,792

16,986

CREDITORS

Amounts falling due within one year

6

11,114

9,259

NET CURRENT (LIABILITIES)/ASSETS

(322

)

7,727

TOTAL ASSETS LESS CURRENT LIABILITIES

(322

)

7,983

CREDITORS

Amounts falling due after more than one year

7

37,964

42,594

NET LIABILITIES

(38,286

)

(34,611

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(38,287

)

(34,612

)

(38,286

)

(34,611

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 May 2023 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2024 and were signed by:

B Fisher - Director

1.	STATUTORY INFORMATION

Manchester Demolition Company 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 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The principle accounting policies adopted in the preparation of the financial statements are set out below.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Financial instruments

The company has elected to apply the provision's of FRS 102 Section 11 'Basic Financial Instruments' to all its financial instruments.

The following assets and liabilities are classified as financial instruments; Directors loan account and accruals.

Financial instruments that are payable or receivable within one year, typically Directors loan accounts and accruals are measured initially and subsequently at the undiscounted amount of the cash or consideration that is expected to be paid or received.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

and 30 May 2023

767

DEPRECIATION

At 1 June 2022

511

Charge for period

256

At 30 May 2023

767

NET BOOK VALUE

At 30 May 2023

-

At 31 May 2022

256

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

10,618

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

(1

)

(2

)

Taxation and social security

2,679

-

Other creditors

2,880

3,705

11,114

9,259

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

37,964

42,594

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

15,741

20,371

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 May 2023 and the year ended 31 May 2022:

2023

2022

£

£

B Fisher

Balance outstanding at start of period

-

10,326

Amounts advanced

7,939

-

Amounts repaid

-

(10,326

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

7,939

-

There are no fixed repayment terms and interest has been charged at a rate of 2.5% per annum.