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REGISTERED NUMBER: 03642339 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

M.P.L. Building Services Limited

M.P.L. Building Services Limited (Registered number: 03642339)






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


M.P.L. Building Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M P Lambkin





REGISTERED OFFICE: Reeds Cottages
The Reeds
Frensham
Farnham
Surrey
GU10 3BP





REGISTERED NUMBER: 03642339 (England and Wales)





ACCOUNTANTS: Corporate Finance Solutions Ltd
Fernhill Cottage
Fernhill Lane, Hawley
Camberley, Surrey
GU17 9HE

M.P.L. Building Services Limited (Registered number: 03642339)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,006 80,787
69,006 80,787

CURRENT ASSETS
Stocks 30,633 -
Debtors 6 4,654 34,666
Cash at bank 70,706 103,740
105,993 138,406
CREDITORS
Amounts falling due within one year 7 92,023 93,585
NET CURRENT ASSETS 13,970 44,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,976

125,608

CREDITORS
Amounts falling due after more than one
year

8

(89,167

)

(109,167

)

PROVISIONS FOR LIABILITIES (13,111 ) (11,331 )
NET (LIABILITIES)/ASSETS (19,302 ) 5,110

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 (19,305 ) 5,107
SHAREHOLDERS' FUNDS (19,302 ) 5,110

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 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.

M.P.L. Building Services Limited (Registered number: 03642339)

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 director and authorised for issue on 30 January 2024 and were signed by:





M P Lambkin - Director


M.P.L. Building Services Limited (Registered number: 03642339)

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

1. STATUTORY INFORMATION

M.P.L. Building 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of business is capitalised at cost and amortised over its estimated useful life.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

M.P.L. Building Services Limited (Registered number: 03642339)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 75,000
AMORTISATION
At 1 August 2022
and 31 July 2023 75,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

M.P.L. Building Services Limited (Registered number: 03642339)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 3,225 162,066 2,724 168,015
Additions 511 21,990 - 22,501
Disposals - (46,475 ) - (46,475 )
At 31 July 2023 3,736 137,581 2,724 144,041
DEPRECIATION
At 1 August 2022 2,815 82,756 1,657 87,228
Charge for year 173 15,767 267 16,207
Eliminated on disposal - (28,400 ) - (28,400 )
At 31 July 2023 2,988 70,123 1,924 75,035
NET BOOK VALUE
At 31 July 2023 748 67,458 800 69,006
At 31 July 2022 410 79,310 1,067 80,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 58 28,190
Tax 768 2,194
Prepayments 3,828 4,282
4,654 34,666

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,218 7,600
Tax - 1,015
Social security and other taxes 930 2,016
VAT 13,401 11,906
Other creditors 11,253 9,097
Directors' current accounts 46,861 49,776
Accrued expenses 2,360 2,175
92,023 93,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 19,167 29,167
Director's loan 70,000 80,000
89,167 109,167

M.P.L. Building Services Limited (Registered number: 03642339)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
3 3

10. RESERVES
Retained
earnings
£   

At 1 August 2022 5,107
Deficit for the year (18,412 )
Dividends (6,000 )
At 31 July 2023 (19,305 )

The director is confident in the future profitability of the company and is supporting the continued finance of the company through his loan account balance available to the company. He is satisfied that the company has the resources to continue to trade for the foreseeable future.