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REGISTERED NUMBER: 05814969 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

MP9INE LTD

MP9INE LTD (REGISTERED NUMBER: 05814969)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MP9INE LTD

Company Information
for the year ended 31 March 2023







Directors: Mrs V Coull
Mr D K Coull





Registered office: 30 Fontayne Avenue
Romford
Essex
RM1 4NR





Registered number: 05814969 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

MP9INE LTD (REGISTERED NUMBER: 05814969)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,070 10,767

Current assets
Debtors 5 16,630 4,458
Cash at bank and in hand 202,131 206,381
218,761 210,839
Creditors
Amounts falling due within one year 6 37,852 26,674
Net current assets 180,909 184,165
Total assets less current liabilities 184,979 194,932

Provisions for liabilities 7 773 2,046
Net assets 184,206 192,886

Capital and reserves
Called up share capital 8 6 6
Retained earnings 184,200 192,880
Shareholders' funds 184,206 192,886

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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mrs V Coull - Director


MP9INE LTD (REGISTERED NUMBER: 05814969)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

MP9INE Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 3 (2022 - 3 ) .

MP9INE LTD (REGISTERED NUMBER: 05814969)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 19,966 3,522 51,545 5,078 80,111
Disposals (10,831 ) (3,405 ) (6,837 ) (2,881 ) (23,954 )
At 31 March 2023 9,135 117 44,708 2,197 56,157
Depreciation
At 1 April 2022 18,576 3,442 42,745 4,581 69,344
Charge for year 798 30 5,685 185 6,698
Eliminated on disposal (10,831 ) (3,405 ) (6,838 ) (2,881 ) (23,955 )
At 31 March 2023 8,543 67 41,592 1,885 52,087
Net book value
At 31 March 2023 592 50 3,116 312 4,070
At 31 March 2022 1,390 80 8,800 497 10,767

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 14,510 1,010
Other debtors 2,120 3,448
16,630 4,458

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,594 872
Taxation and social security 7,681 1,840
Other creditors 28,577 23,962
37,852 26,674

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 773 2,046

Deferred
tax
£   
Balance at 1 April 2022 2,046
Provided during year (1,273 )
Balance at 31 March 2023 773

MP9INE LTD (REGISTERED NUMBER: 05814969)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6 Ordinary £1 6 6

9. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Mrs V Coull
Balance outstanding at start of year (21,216 ) (35,324 )
Amounts advanced 6,042 29,783
Amounts repaid (12,597 ) (15,675 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,771 ) (21,216 )

Mr D K Coull
Balance outstanding at start of year (1,906 ) (592 )
Amounts advanced 26,762 29,558
Amounts repaid (25,092 ) (30,872 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (236 ) (1,906 )