Company Registration No. 12276187 (England and Wales)
MPW TECHNOLOGY GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
31 March 2023
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
MPW TECHNOLOGY GROUP LIMITED
COMPANY INFORMATION
Director
Mr M P Williams
Company number
12276187
Registered office
5 Anchor Court
Commercial Road
Darwen
Lancashire
BB3 0DB
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
MPW TECHNOLOGY GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MPW TECHNOLOGY GROUP LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
101
101
Current assets
Cash at bank and in hand
970,886
749,963
Creditors: amounts falling due within one year
4
(100,000)
(100,000)
Net current assets
870,886
649,963
Net assets
870,987
650,064
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
870,887
649,964
Total equity
870,987
650,064

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 September 2023
Mr M P Williams
Director
Company registration number 12276187 (England and Wales)
MPW TECHNOLOGY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

MPW Technology Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Anchor Court, Commercial Road, Darwen, Lancashire, BB3 0DB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Fixed asset investments

Fixed asset investments, being the purchase of Tagtronics Limited and Concept Integrated Systems Limited, are stated at cost less provision for impairment.

2
Employees

The average monthly number of persons employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
101
101
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
100,000
100,000
MPW TECHNOLOGY GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
5
Related party transactions

At the end of the reporting period, the company owed £100,000 (2022 - £100,000) to one of its subsidiaries.

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