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REGISTERED NUMBER: 09927751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MP APPROVED LIMITED

MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)






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


MP APPROVED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Miss M A Preston





REGISTERED OFFICE: Flat 3
Tyndale House
2 Tyndale Lane
Islington
London
N1 2UL





REGISTERED NUMBER: 09927751 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,300 4,400
Tangible assets 5 1,725 2,300
5,025 6,700

CURRENT ASSETS
Debtors 6 4,800 9,600
Cash at bank 146,835 160,954
151,635 170,554
CREDITORS
Amounts falling due within one year 7 42,726 44,855
NET CURRENT ASSETS 108,909 125,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,934

132,399

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 113,834 132,299
SHAREHOLDERS' FUNDS 113,934 132,399

MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)

BALANCE SHEET - continued
31 MARCH 2023


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 her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





Miss M A Preston - Director


MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

MP Approved 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 11,000
AMORTISATION
At 1 April 2022 6,600
Amortisation for year 1,100
At 31 March 2023 7,700
NET BOOK VALUE
At 31 March 2023 3,300
At 31 March 2022 4,400

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2022
and 31 March 2023 5,891
DEPRECIATION
At 1 April 2022 3,591
Charge for year 575
At 31 March 2023 4,166
NET BOOK VALUE
At 31 March 2023 1,725
At 31 March 2022 2,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 4,800 9,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 30,146 31,095
Social Security and other Taxes 319 347
Vat Creditor 9,979 10,296
Director's Loan Account 362 1,257
Other Creditors & Accruals 1,920 1,860
42,726 44,855

MP APPROVED LIMITED (REGISTERED NUMBER: 09927751)

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: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 132,299
Profit for the year 126,535
Dividends (145,000 )
At 31 March 2023 113,834