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REGISTERED NUMBER: 05750315 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MPS Building Ltd

MPS Building Ltd (Registered number: 05750315)






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


MPS Building Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M P Sturgess





SECRETARY: Mrs K Sturgess





REGISTERED OFFICE: Unit 30 Glenmore Business Park
Blackhill Road
Holton Heath Trading Park
Poole
Dorset
BH16 6NL





REGISTERED NUMBER: 05750315 (England and Wales)





ACCOUNTANTS: Birkett & Co Ltd
186b Lower Blandford Road
Broadstone
Dorset
BH18 8DP

MPS Building Ltd (Registered number: 05750315)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,250 3,000
Tangible assets 5 159,305 163,581
161,555 166,581

CURRENT ASSETS
Stocks 237,453 37,255
Debtors 6 133,251 75,011
Cash at bank 90,531 74,947
461,235 187,213
CREDITORS
Amounts falling due within one year 7 (318,103 ) (174,185 )
NET CURRENT ASSETS 143,132 13,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,687

179,609

CREDITORS
Amounts falling due after more than
one year

8

(79,065

)

(89,623

)

PROVISIONS FOR LIABILITIES (2,617 ) (3,430 )
NET ASSETS 223,005 86,556

MPS Building Ltd (Registered number: 05750315)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,905 86,456
223,005 86,556

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 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.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:





M P Sturgess - Director


MPS Building Ltd (Registered number: 05750315)

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

1. STATUTORY INFORMATION

MPS Building 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


MPS Building Ltd (Registered number: 05750315)

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

2. ACCOUNTING POLICIES - continued
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 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022 12,000
Amortisation for year 750
At 31 March 2023 12,750
NET BOOK VALUE
At 31 March 2023 2,250
At 31 March 2022 3,000

MPS Building Ltd (Registered number: 05750315)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 145,528 1,842 8,526
Additions - - -
At 31 March 2023 145,528 1,842 8,526
DEPRECIATION
At 1 April 2022 - 1,467 5,621
Charge for year - 94 726
At 31 March 2023 - 1,561 6,347
NET BOOK VALUE
At 31 March 2023 145,528 281 2,179
At 31 March 2022 145,528 375 2,905

Motor Office
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2022 27,345 1,840 185,081
Additions - 316 316
At 31 March 2023 27,345 2,156 185,397
DEPRECIATION
At 1 April 2022 12,990 1,422 21,500
Charge for year 3,589 183 4,592
At 31 March 2023 16,579 1,605 26,092
NET BOOK VALUE
At 31 March 2023 10,766 551 159,305
At 31 March 2022 14,355 418 163,581

MPS Building Ltd (Registered number: 05750315)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,405 65,797
Other debtors 595 -
VAT 4,718 -
Prepayments 12,533 9,214
133,251 75,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,120 83,879
Provision for bad debts 83,959 -
Corporation tax 43,554 3,215
PAYE, NI & CIS 5,618 2,784
Pension control 918 385
VAT - 34,937
Credit card (190 ) 21,412
Directors' current accounts 102,999 20,089
Accrued expenses 6,125 7,484
318,103 174,185

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 14,706
Bank loans - 2-5 years 65,140 69,998
PAYE NI & CIS 3,925 4,919
79,065 89,623