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REGISTERED NUMBER: 12489718 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Focus MEP Limited

Focus MEP Limited (Registered number: 12489718)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Focus MEP Limited

Company Information
for the Year Ended 31 March 2023







Directors: G J Moss
M A Phillips





Registered office: 39 Cardiff Road
Llandaff
Cardiff
CF5 2DP





Registered number: 12489718 (England and Wales)





Accountants: BYB Accountancy Ltd
Incorporated Financial Accountants
39 Cardiff Road
Llandaff
Cardiff
South Glamorgan
CF5 2DP

Focus MEP Limited (Registered number: 12489718)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 210,039 85,572

Current assets
Debtors 5 1,417,746 314,696
Cash at bank 8,750 63,990
1,426,496 378,686
Creditors
Amounts falling due within one year 6 1,215,160 249,999
Net current assets 211,336 128,687
Total assets less current liabilities 421,375 214,259

Creditors
Amounts falling due after more than one
year

7

206,782

80,615
Net assets 214,593 133,644

Capital and reserves
Called up share capital 100 100
Retained earnings 214,493 133,544
214,593 133,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Focus MEP Limited (Registered number: 12489718)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




G J Moss - Director



M A Phillips - Director


Focus MEP Limited (Registered number: 12489718)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Focus MEP 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.

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.

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 14 (2022 - 6 ) .

Focus MEP Limited (Registered number: 12489718)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 9,058 102,636 4,296 115,990
Additions - 175,180 808 175,988
At 31 March 2023 9,058 277,816 5,104 291,978
Depreciation
At 1 April 2022 2,265 26,721 1,432 30,418
Charge for year 2,264 47,556 1,701 51,521
At 31 March 2023 4,529 74,277 3,133 81,939
Net book value
At 31 March 2023 4,529 203,539 1,971 210,039
At 31 March 2022 6,793 75,915 2,864 85,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,144,911 271,393
Other debtors 272,835 43,303
1,417,746 314,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 39,854 12,366
Trade creditors 1,100,833 161,016
Taxation and social security 36,666 74,817
Other creditors 37,807 1,800
1,215,160 249,999

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,500 12,586
Hire purchase contracts 197,282 68,029
206,782 80,615

Focus MEP Limited (Registered number: 12489718)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
G J Moss
Balance outstanding at start of year 15,415 -
Amounts advanced - 15,415
Amounts repaid (15,415 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 15,415

M A Phillips
Balance outstanding at start of year 14,856 -
Amounts advanced - 14,856
Amounts repaid (14,856 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 14,856