M & N Contracts Limited - Accounts to registrar (filleted) - small 18.2

M & N Contracts Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: NI045351(Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

M & N Contracts Limited

M & N Contracts Limited (Registered number: NI045351)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


M & N Contracts Limited

Company Information
for the Year Ended 31 March 2019







DIRECTOR: J M Neeson





SECRETARY: Mrs F Neeson





REGISTERED OFFICE: 18 Market Road
Ballymena
BT43 7PA





REGISTERED NUMBER: NI045351(Northern Ireland)





ACCOUNTANTS: J A McNicholl & Company Limited
18 Market Road
Ballymena
BT43 6EL

M & N Contracts Limited (Registered number: NI045351)

Abridged Statement of Financial Position
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 16,263 19,118

CURRENT ASSETS
Inventories 166,484 139,972
Debtors 45,256 10,832
Cash at bank (7,871 ) 2,927
203,869 153,731
CREDITORS
Amounts falling due within one year 196,138 156,963
NET CURRENT ASSETS/(LIABILITIES) 7,731 (3,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,994

15,886

CREDITORS
Amounts falling due after more than
one year

4,240

-
NET ASSETS 19,754 15,886

M & N Contracts Limited (Registered number: NI045351)

Abridged Statement of Financial Position - continued
31 March 2019

31.3.19 31.3.18
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 19,454 15,586
SHAREHOLDERS' FUNDS 19,754 15,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Financial Position for the year ended 31 March 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 on 8 November 2019and were signed by:





J M Neeson- Director


M & N Contracts Limited (Registered number: NI045351)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

M & N Contracts Limited is a private company, limited by shares, registered in Northern
Ireland. 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
Revenue 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 etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

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(2018 - 6) .

M & N Contracts Limited (Registered number: NI045351)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2018 46,506
Additions 1,211
At 31 March 2019 47,717
DEPRECIATION
At 1 April 2018 27,388
Charge for year 4,066
At 31 March 2019 31,454
NET BOOK VALUE
At 31 March 2019 16,263
At 31 March 2018 19,118