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
MAPEL NEWPORT LIMITED
Company Information
for the period from 24 October 2022 to 31 October 2023
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
MAPEL NEWPORT LIMITED
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
2,576
Creditors: amounts falling due within one year
(52,866)
Net current liabilities
(8,421)
Called up share capital
100
Profit and loss account
1,555
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
MAPEL NEWPORT LIMITED
Notes to the Accounts
for the period from 24 October 2022 to 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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
Charge for the period
1,600
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
Additions
1,148
3,000
4,148
At 31 October 2023
1,148
3,000
4,148
Charge for the period
172
300
472
At 31 October 2023
172
300
472
At 31 October 2023
976
2,700
3,676
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
Loans from directors
44,092
8
Average number of employees
During the period the average number of employees was 5.