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REGISTERED NUMBER: 01086570 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Machinery Plant Services Limited

Machinery Plant Services Limited (Registered number: 01086570)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Machinery Plant Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: R S Habicher
M A Harris





REGISTERED OFFICE: 3 Bakers Lane
Shutlanger, Towcester
Northamptonshire
NN12 7RT





REGISTERED NUMBER: 01086570 (England and Wales)





ACCOUNTANTS: Haes Cooper And Company Limited
3 Bakers Lane
Shutlanger, Towcester
Northamptonshire
NN12 7RT

Machinery Plant Services Limited (Registered number: 01086570)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305,964 308,127

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 82,709 99,537
Prepayments and accrued income 304 304
Cash at bank 71,631 68,494
184,644 198,335
CREDITORS
Amounts falling due within one year 6 165,719 155,831
NET CURRENT ASSETS 18,925 42,504
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,889

350,631

CREDITORS
Amounts falling due after more than one year 7 183,879 193,630
NET ASSETS 141,010 157,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,910 156,901
SHAREHOLDERS' FUNDS 141,010 157,001

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

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

Machinery Plant Services Limited (Registered number: 01086570)

Balance Sheet - continued
31 July 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 17 November 2023 and were signed on its behalf by:





R S Habicher - Director


Machinery Plant Services Limited (Registered number: 01086570)

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

1. STATUTORY INFORMATION

Machinery Plant Services 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension scheme
The company operates a defined contribution pension scheme on behalf of staff with an insurance company.Pension contributions are charged to the profit and loss account as they become payable.

Machinery Plant Services Limited (Registered number: 01086570)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 309,973 98,527 408,500
Additions - 6,966 6,966
Disposals - (12,133 ) (12,133 )
At 31 July 2023 309,973 93,360 403,333
DEPRECIATION
At 1 August 2022 6,199 94,174 100,373
Charge for year 6,199 2,930 9,129
Eliminated on disposal - (12,133 ) (12,133 )
At 31 July 2023 12,398 84,971 97,369
NET BOOK VALUE
At 31 July 2023 297,575 8,389 305,964
At 31 July 2022 303,774 4,353 308,127

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 82,709 99,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 14,000 14,000
Trade creditors 59,204 35,403
Taxation and social security 55,616 56,375
Other creditors 36,899 50,053
165,719 155,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 183,879 193,630

8. RELATED PARTY DISCLOSURES

Personal guarantees have been provided by the two directors to the bank in support of any overdraft and other facilities.

Machinery Plant Services Limited (Registered number: 01086570)

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

9. UNDISCOUNTED TAX ASSET

No provision is made for an undiscounted tax asset of £8,324 for recovery against future capital gains.