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REGISTERED NUMBER: 05149235















Financial Statements

for the Year Ended

28 February 2023

for

M&P Engineering (Midlands) Limited

M&P Engineering (Midlands) Limited (Registered number: 05149235)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M&P Engineering (Midlands) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M Buttery
P Hodnett





SECRETARY: P Hodnett





REGISTERED OFFICE: Whitwell
Sheinton Road
Much Wenlock
Shropshire
TF13 6NP





REGISTERED NUMBER: 05149235





ACCOUNTANTS: Vaughan Davies Enterprise Ltd
15 St Mary's Street
Newport
Shropshire
TF10 7AF

M&P Engineering (Midlands) Limited (Registered number: 05149235)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 200,899 203,698
200,899 203,698

CURRENT ASSETS
Debtors 6 110,095 49,047
Cash at bank 145,559 123,733
255,654 172,780
CREDITORS
Amounts falling due within one year 7 133,051 77,228
NET CURRENT ASSETS 122,603 95,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

323,502

299,250

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 323,399 299,147
SHAREHOLDERS' FUNDS 323,502 299,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




M Buttery - Director


M&P Engineering (Midlands) Limited (Registered number: 05149235)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

M&P Engineering (Midlands) Limited is a private company, limited by shares , registered in Not specified/Other. 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 2004, 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.
Plant and machinery - 25% on reducing balance
Computer 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

M&P Engineering (Midlands) Limited (Registered number: 05149235)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 110,000
AMORTISATION
At 1 March 2022
and 28 February 2023 110,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 192,500 93,381 16,796 302,677
DEPRECIATION
At 1 March 2022 - 83,308 15,671 98,979
Charge for year - 2,518 281 2,799
At 28 February 2023 - 85,826 15,952 101,778
NET BOOK VALUE
At 28 February 2023 192,500 7,555 844 200,899
At 28 February 2022 192,500 10,073 1,125 203,698

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 110,095 49,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 49,284 36,538
Tax 35,763 4,489
Social security and other taxes 2,363 3,636
VAT 24,661 9,911
Other creditors 2,161 2,897
Directors' current accounts 16,419 16,807
Accrued expenses 2,400 2,950
133,051 77,228