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REGISTERED NUMBER: 04248958 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

MPE INTERIORS LIMITED

MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MPE INTERIORS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr R C Grainger
Mr J F Whetnall
Mr D A Williams





SECRETARY: Mr R C Grainger





REGISTERED OFFICE: 68 Old Bidston Road
Birkenhead
Wirral
CH41 8BL





REGISTERED NUMBER: 04248958 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,309 252,481

CURRENT ASSETS
Debtors 5 819,147 812,526
Cash at bank 354,398 163,924
1,173,545 976,450
CREDITORS
Amounts falling due within one year 6 427,813 529,762
NET CURRENT ASSETS 745,732 446,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,041

699,169

CREDITORS
Amounts falling due after more than one
year

7

(359,518

)

(467,643

)

PROVISIONS FOR LIABILITIES (44,577 ) (25,356 )
NET ASSETS 519,946 206,170

CAPITAL AND RESERVES
Called up share capital 8 52 52
Retained earnings 9 519,894 206,118
SHAREHOLDERS' FUNDS 519,946 206,170

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 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.

MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:




Mr R C Grainger - Director



Mr J F Whetnall - Director


MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)

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

1. STATUTORY INFORMATION

MPE Interiors 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts for on-going services is recognised by reference to the stage of completion.

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 cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 34 (2022 - 32 ) .

MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 562,379
Additions 4,618
At 31 July 2023 566,997
DEPRECIATION
At 1 August 2022 309,898
Charge for year 78,790
At 31 July 2023 388,688
NET BOOK VALUE
At 31 July 2023 178,309
At 31 July 2022 252,481


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 669,425 277,575
Other debtors 149,722 534,951
819,147 812,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 2,760 17,663
Trade creditors 245,845 370,382
Taxation and social security 148,012 120,131
Other creditors 31,196 21,586
427,813 529,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2,739
Taxation and social security - 51,411
Other creditors 359,518 413,493
359,518 467,643

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
25 Ordinary A 1 25 25
25 Ordinary B 1 25 25
1 Ordinary C 1 1 1
1 Ordinary D 1 1 1
52 52

MPE INTERIORS LIMITED (REGISTERED NUMBER: 04248958)

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

9. RESERVES
Retained
earnings
£   

At 1 August 2022 206,118
Profit for the year 351,776
Dividends (38,000 )
At 31 July 2023 519,894

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts owing to Mr RC Grainger £48,423 (2022 £108,559) and to Mr JF Whetnall £311,095 (2022 £304,934). Both of whom held office during the year.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr Grainger and Mr Whetnall throughout the current and previous year, by virtue of their equal majority holding in the company's share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MPE Interiors Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MPE Interiors Limited for the year ended 31 July 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MPE Interiors Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MPE Interiors Limited and state those matters that we have agreed to state to the Board of Directors of MPE Interiors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MPE Interiors Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MPE Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MPE Interiors Limited. You consider that MPE Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MPE Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................