MPFINESTDESIGN LTD

Company Registration Number:
12843401 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

MPFINESTDESIGN LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MPFINESTDESIGN LTD

Company Information

for the Period Ended 31 August 2023




Director: MICHAEL ADEKUNLE POPOOLA
Registered office: 36
Lupton Street
Leeds
England
LS10 2QR
Company Registration Number: 12843401 (England and Wales)

MPFINESTDESIGN LTD

Directors' Report Period Ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The director(s) shown below were appointed to the company during the period
MICHAEL ADEKUNLE POPOOLA
12 June 2023

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: MICHAEL ADEKUNLE POPOOLA
Status: Director

MPFINESTDESIGN LTD

Balance sheet

As at 31 August 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 0 70
Tangible assets: 5 5,889 6,500
Total fixed assets: 5,889 6,570
Current assets
Stocks: 6,000 300
Debtors: 6 300 300
Cash at bank and in hand: 250 100
Total current assets: 6,550 700
Prepayments and accrued income: 1,600 600
Creditors: amounts falling due within one year: 7 ( 30,000 ) ( 15,000 )
Net current assets (liabilities): ( 21,850 ) ( 13,700 )
Total assets less current liabilities: ( 15,961 ) ( 7,130 )
Creditors: amounts falling due after more than one year: 8 ( 5,889 ) ( 2,101 )
Provision for liabilities: ( 200 ) ( 160 )
Accruals and deferred income: ( 100 ) ( 140 )
Total net assets (liabilities): ( 22,150 ) ( 9,531 )

The notes form part of these financial statements

MPFINESTDESIGN LTD

Balance sheet continued

As at 31 August 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Revaluation reserve: 9 111 100
Profit and loss account: ( 22,262 ) ( 9,632 )
Shareholders funds: ( 22,150 ) ( 9,531 )

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 July 2024
And Signed On Behalf Of The Board By:

Name: MICHAEL ADEKUNLE POPOOLA
Status: Director

The notes form part of these financial statements

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 5 2

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 3. Off balance sheet disclosure

    No

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 September 2022 200 200
Additions 300 300
Disposals ( 200 ) ( 200 )
Revaluations 200 200
Transfers 200 200
At 31 August 2023 700 700
Amortisation
Amortisation at 01 September 2022 130 130
Charge for year 600 600
On disposals ( 30 ) ( 30 )
Other adjustments - -
Amortisation at 31 August 2023 700 700
Net book value
Net book value at 31 August 2023 0 0
Net book value at 31 August 2022 70 70

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 01 September 2022 5,000 2,000 1,500 10,000 25,000 43,500
Additions 100 20 240 450 549 1,359
Disposals ( 200 ) ( 200 ) ( 100 ) ( 200 ) ( 300 ) ( 1,000 )
Revaluations 50 503 336 200 10 1,099
Transfers - - - - - -
At 31 August 2023 4,950 2,323 1,976 10,450 25,259 44,958
Depreciation
At 01 September 2022 - 2,000 - 10,000 25,000 37,000
Charge for year 400 - - 364 856 1,620
On disposals ( 10 ) ( 10 ) ( 646 ) ( 203 ) ( 500 ) ( 1,369 )
Other adjustments 305 - 200 313 1,000 1,818
At 31 August 2023 695 1,990 ( 446 ) 10,474 26,356 39,069
Net book value
At 31 August 2023 4,255 333 2,422 ( 24 ) ( 1,097 ) 5,889
At 31 August 2022 5,000 0 1,500 0 0 6,500

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Debtors


2023
£

2022
£
Trade debtors 150 100
Prepayments and accrued income 100
Other debtors 150 100
Total 300 300

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 5,050 2,500
Amounts due under finance leases and hire purchase contracts 5,680 2,000
Trade creditors 6,500 3,057
Taxation and social security 4,930 973
Accruals and deferred income 4,353 5,470
Other creditors 3,487 1,000
Total 30,000 15,000

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

8.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 4,000 1,000
Amounts due under finance leases and hire purchase contracts 889 500
Other creditors 1,000 601
Total 5,889 2,101

MPFINESTDESIGN LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

9. Revaluation reserve


2023
£
Balance at 01 September 2022 100
Surplus or deficit after revaluation 11
Balance at 31 August 2023 111