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Company Registration No. 12517101 (England and Wales)
MLO INSTALLATIONS LTD Unaudited accounts for the year ended 31 March 2024
MLO INSTALLATIONS LTD Unaudited accounts Contents
Page
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MLO INSTALLATIONS LTD Company Information for the year ended 31 March 2024
Director
Miles Pettit
Company Number
12517101 (England and Wales)
Registered Office
11A COLES LANE OAKINGTON CAMBRIDGE CB24 3AF ENGLAND
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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MLO INSTALLATIONS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,371 
12,775 
Current assets
Debtors
61,578 
49,769 
Cash at bank and in hand
52,099 
12,488 
113,677 
62,257 
Creditors: amounts falling due within one year
(43,268)
(23,167)
Net current assets
70,409 
39,090 
Total assets less current liabilities
76,780 
51,865 
Creditors: amounts falling due after more than one year
(6,594)
(9,892)
Provisions for liabilities
Deferred tax
(1,210)
(2,427)
Net assets
68,976 
39,546 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
68,975 
39,545 
Shareholders' funds
68,976 
39,546 
For the year ending 31 March 2024 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 July 2024 and were signed on its behalf by
Miles Pettit Director Company Registration No. 12517101
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MLO INSTALLATIONS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MLO INSTALLATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12517101. The registered office is 11A COLES LANE, OAKINGTON, CAMBRIDGE, CB24 3AF, ENGLAND.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MLO INSTALLATIONS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
25,486 
129 
25,615 
At 31 March 2024
25,486 
129 
25,615 
Depreciation
At 1 April 2023
12,744 
96 
12,840 
Charge for the year
6,372 
32 
6,404 
At 31 March 2024
19,116 
128 
19,244 
Net book value
At 31 March 2024
6,370 
1 
6,371 
At 31 March 2023
12,742 
33 
12,775 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,422 
16,378 
Other debtors
41,156 
33,391 
61,578 
49,769 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,521 
4,535 
Obligations under finance leases and hire purchase contracts
3,297 
3,297 
Trade creditors
1,282 
170 
Taxes and social security
32,160 
14,654 
Loans from directors
158 
(339)
Accruals
850 
850 
43,268 
23,167 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,594 
9,892 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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