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REGISTERED NUMBER: 08875728 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 April 2023

for

MV Reinforcement Ltd

MV Reinforcement Ltd (Registered number: 08875728)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MV Reinforcement Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Miss P J McGuire
Miss L St Pierre





REGISTERED OFFICE: Finance House
20/21 Aviation Way
Southend on Sea
Essex
SS2 6UN





REGISTERED NUMBER: 08875728 (England and Wales)





ACCOUNTANTS: Mango Accountancy Ltd
The Quay House
Fullbridge Quay
Maldon
Essex
CM9 4DB

MV Reinforcement Ltd (Registered number: 08875728)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,618 2,748

CURRENT ASSETS
Debtors 5 686,434 371,678
Cash at bank 17 17
686,451 371,695
CREDITORS
Amounts falling due within one year 6 675,065 356,538
NET CURRENT ASSETS 11,386 15,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,004

17,905

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 18,002 17,903
SHAREHOLDERS' FUNDS 18,004 17,905

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 April 2024 and were signed on its behalf by:



Miss P J McGuire - Director



Miss L St Pierre - Director


MV Reinforcement Ltd (Registered number: 08875728)

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

1. STATUTORY INFORMATION

MV Reinforcement Ltd 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.
Plant and machinery etc - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

MV Reinforcement Ltd (Registered number: 08875728)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 14,685
Additions 4,797
At 30 April 2023 19,482
DEPRECIATION
At 1 May 2022 11,937
Charge for year 927
At 30 April 2023 12,864
NET BOOK VALUE
At 30 April 2023 6,618
At 30 April 2022 2,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 676,556 368,040
Other debtors 9,878 3,638
686,434 371,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 50,478 49,410
Taxation and social security 608,083 302,407
Other creditors 16,504 4,721
675,065 356,538

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of V & B Holdings Limited, a company registered in England and Wales.