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REGISTERED NUMBER: 09073531 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

MLPS Engineering Limited

MLPS Engineering Limited (Registered number: 09073531)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLPS Engineering Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R Lambert
R Mason
M Sutton





REGISTERED OFFICE: Unit 3 C Boardman Industrial Estate
Boardman Road
Swadlincote
Derbyshire
DE11 9DL





REGISTERED NUMBER: 09073531 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

MLPS Engineering Limited (Registered number: 09073531)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,423 84,361

CURRENT ASSETS
Stocks 25,000 25,000
Debtors 5 222,250 239,503
Cash at bank 141,646 63,057
388,896 327,560
CREDITORS
Amounts falling due within one year 6 159,455 180,746
NET CURRENT ASSETS 229,441 146,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,864

231,175

CREDITORS
Amounts falling due after more than
one year

7

(77,376

)

(45,503

)

PROVISIONS FOR LIABILITIES (31,244 ) (15,774 )
NET ASSETS 288,244 169,898

MLPS Engineering Limited (Registered number: 09073531)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 6 6
Capital redemption reserve 2 2
Retained earnings 288,236 169,890
SHAREHOLDERS' FUNDS 288,244 169,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 5 February 2024 and were signed on its behalf by:





M Sutton - Director


MLPS Engineering Limited (Registered number: 09073531)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

MLPS Engineering 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.

Turnover is recognised when the outcome of a transaction can be estimated reliably, this is usually upon the supply of parts and completion of the agreed service.

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 etc - 33% on cost, 33% on reducing balance and 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.


MLPS Engineering Limited (Registered number: 09073531)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 15,996 304,948 320,944
Additions 2,481 133,331 135,812
Disposals - (1,600 ) (1,600 )
At 30 June 2023 18,477 436,679 455,156
DEPRECIATION
At 1 July 2022 12,407 224,176 236,583
Charge for year 1,317 51,433 52,750
Eliminated on disposal - (1,600 ) (1,600 )
At 30 June 2023 13,724 274,009 287,733
NET BOOK VALUE
At 30 June 2023 4,753 162,670 167,423
At 30 June 2022 3,589 80,772 84,361

MLPS Engineering Limited (Registered number: 09073531)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 215,456 226,402
Other debtors 6,794 13,101
222,250 239,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 11,134 10,040
Hire purchase contracts 25,921 9,992
Taxation and social security 96,607 70,119
Other creditors 25,793 90,595
159,455 180,746

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 27,500 37,501
Hire purchase contracts 49,876 8,002
77,376 45,503