MPMH Construction Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC267394 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended

31 May 2016

for

MPMH CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H Hill

G Hancock

J B Snodgrass

REGISTERED OFFICE:

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

REGISTERED NUMBER:

SC267394 (Scotland)

ACCOUNTANTS:

WDM Associates

Oakfield House

378 Brandon Street

Motherwell

ML1 1XA

FIXED ASSETS

Tangible assets

2

49,097

69,363

Investments

3

100

49,197

69,463

CURRENT ASSETS

Stocks

852,219

847,184

Debtors

595,091

597,851

Cash at bank

6,574

75,080

1,453,884

1,520,115

CREDITORS

Amounts falling due within one year

4

(1,100,718

)

(1,081,300

)

NET CURRENT ASSETS

353,166

438,815

TOTAL ASSETS LESS CURRENT
LIABILITIES

402,363

508,278

CREDITORS

Amounts falling due after more than one
year

4

(99,942

)

(108,417

)

PROVISIONS FOR LIABILITIES

-

(1,319

)

NET ASSETS

302,421

398,542

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

301,421

397,542

SHAREHOLDERS' FUNDS

302,421

398,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 January 2017 and were signed on its
behalf by:

J B Snodgrass - Director

G Hancock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015).

Preparation of consolidated financial statements

The financial statements contain information about MPMH Construction Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Provision is made for deferred taxation in so far as a liability or asset arose as a result of transactions

that had occurred by the balance sheet date and gave rise to an obligation to pay more tax in the future, or

a right to pay less tax in the future with the following exception: Deferred tax assets are recognised only

to the extent that the Directors consider that it is more likely than not that there will be suitable taxable

profits from which the future reversal of the underlying timing differences can be deducted. Deferred

tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

149,565

Additions

1,967

Disposals

(27,215

)

At 31 May 2016

124,317

DEPRECIATION

At 1 June 2015

80,202

Charge for year

15,774

Eliminated on disposal

(20,756

)

At 31 May 2016

75,220

NET BOOK VALUE

At 31 May 2016

49,097

At 31 May 2015

69,363

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

and 31 May 2016

100

NET BOOK VALUE

At 31 May 2016

100

At 31 May 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Global Hybrid Roofing Solutions (North Installations) Ltd

Nature of business: Supply of roofing products

%

Class of shares:

holding

Ordinary

100.00

2016

2015

£

Aggregate capital and reserves

(114,066

)

(106,226

)

Loss for the year

(7,840

)

(8,209

)

4.

CREDITORS

Creditors include an amount of £ 126,199 (2015 - £ 88,207 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1.00

1,000

6.	RELATED PARTY DISCLOSURES

RHH Scotland Limited

A company in which Mr Hill is a director

During the year RHH Scotland Limited provided management services amounting to £60,000 to MPMH

Construction Limited.

2016

2015

£

Amount due to related party at the balance sheet date

151,486

74,226

JSGH Limited

A company in which Mr Snodgrass and Mr Hancock are directors

During the year dividends of £74,100 (2015 - £ 83,635) and management charges of £20,000 were paid

by MPMH Construction Limited to JSGH Limited.