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Company Registration No. 14439708 (England and Wales)
MAPEL NEWPORT LIMITED Unaudited accounts for the period from 24 October 2022 to 31 October 2023
MAPEL NEWPORT LIMITED Unaudited accounts Contents
Page
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MAPEL NEWPORT LIMITED Company Information for the period from 24 October 2022 to 31 October 2023
Director
ASLAM, Mohammed
Company Number
14439708 (England and Wales)
Registered Office
32 MALPAS ROAD NEWPORT GWENT NP20 5PA UNITED KINGDOM
Accountants
XEN ACCOUNTANTS LTD 102 A COMMERCIAL STREET NEWPORT NP20 1LU
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MAPEL NEWPORT LIMITED Statement of financial position as at 31 October 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
6,400 
Tangible assets
3,676 
10,076 
Current assets
Inventories
41,675 
Debtors
194 
Cash at bank and in hand
2,576 
44,445 
Creditors: amounts falling due within one year
(52,866)
Net current liabilities
(8,421)
Net assets
1,655 
Capital and reserves
Called up share capital
100 
Profit and loss account
1,555 
Shareholders' funds
1,655 
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
ASLAM, Mohammed Director Company Registration No. 14439708
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MAPEL NEWPORT LIMITED Notes to the Accounts for the period from 24 October 2022 to 31 October 2023
1
Statutory information
MAPEL NEWPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14439708. The registered office is 32 MALPAS ROAD, NEWPORT, GWENT, NP20 5PA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Fixtures & fittings
10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 24 October 2022
- 
Additions
8,000 
At 31 October 2023
8,000 
Amortisation
At 24 October 2022
- 
Charge for the period
1,600 
At 31 October 2023
1,600 
Net book value
At 31 October 2023
6,400 
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MAPEL NEWPORT LIMITED Notes to the Accounts for the period from 24 October 2022 to 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 24 October 2022
- 
- 
- 
Additions
1,148 
3,000 
4,148 
At 31 October 2023
1,148 
3,000 
4,148 
Depreciation
Charge for the period
172 
300 
472 
At 31 October 2023
172 
300 
472 
Net book value
At 31 October 2023
976 
2,700 
3,676 
6
Debtors
2023 
£ 
Amounts falling due within one year
VAT
194 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
1,087 
Trade creditors
1,664 
Other creditors
5,423 
Loans from directors
44,092 
Accruals
600 
52,866 
8
Average number of employees
During the period the average number of employees was 5.
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