IRIS Accounts Production v24.2.0.383 08198906 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081989062023-03-31081989062024-03-31081989062023-04-012024-03-31081989062022-03-31081989062022-04-012023-03-31081989062023-03-3108198906ns15:EnglandWales2023-04-012024-03-3108198906ns14:PoundSterling2023-04-012024-03-3108198906ns10:Director12023-04-012024-03-3108198906ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108198906ns10:SmallEntities2023-04-012024-03-3108198906ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108198906ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108198906ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108198906ns10:FullAccounts2023-04-012024-03-3108198906ns10:RegisteredOffice2023-04-012024-03-3108198906ns5:CurrentFinancialInstruments2024-03-3108198906ns5:CurrentFinancialInstruments2023-03-3108198906ns5:ShareCapital2024-03-3108198906ns5:ShareCapital2023-03-3108198906ns5:RetainedEarningsAccumulatedLosses2024-03-3108198906ns5:RetainedEarningsAccumulatedLosses2023-03-3108198906ns5:PlantMachinery2023-04-012024-03-3108198906ns5:LandBuildings2023-03-3108198906ns5:LeaseholdImprovements2023-03-3108198906ns5:PlantMachinery2023-03-3108198906ns5:MotorVehicles2023-03-3108198906ns5:LandBuildings2023-04-012024-03-3108198906ns5:LeaseholdImprovements2023-04-012024-03-3108198906ns5:MotorVehicles2023-04-012024-03-3108198906ns5:LandBuildings2024-03-3108198906ns5:LeaseholdImprovements2024-03-3108198906ns5:PlantMachinery2024-03-3108198906ns5:MotorVehicles2024-03-3108198906ns5:LandBuildings2023-03-3108198906ns5:LeaseholdImprovements2023-03-3108198906ns5:PlantMachinery2023-03-3108198906ns5:MotorVehicles2023-03-3108198906ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108198906ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08198906 (England and Wales)














MMP Electrovibe UK Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






MMP Electrovibe UK Limited (Registered number: 08198906)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MMP Electrovibe UK Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Davies





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 08198906 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10 Victoria Road South
Southsea
Hampshire
PO5 2DA

MMP Electrovibe UK Limited (Registered number: 08198906)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,927 314,406

CURRENT ASSETS
Debtors 5 600,937 657,790
Cash at bank and in hand 872,459 658,585
1,473,396 1,316,375
CREDITORS
Amounts falling due within one year 6 327,429 335,753
NET CURRENT ASSETS 1,145,967 980,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,460,894

1,295,028

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,460,792 1,294,926
SHAREHOLDERS' FUNDS 1,460,894 1,295,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MMP Electrovibe UK Limited (Registered number: 08198906)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 August 2024 and were signed by:





M Davies - Director


MMP Electrovibe UK Limited (Registered number: 08198906)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MMP Electrovibe UK 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.

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 reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 43 (2023 - 45 ) .

MMP Electrovibe UK Limited (Registered number: 08198906)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 200,000 25,982 170,954 81,656 478,592
Additions - - 7,097 29,878 36,975
At 31 March 2024 200,000 25,982 178,051 111,534 515,567
DEPRECIATION
At 1 April 2023 - - 121,839 42,347 164,186
Charge for year - - 13,232 23,222 36,454
At 31 March 2024 - - 135,071 65,569 200,640
NET BOOK VALUE
At 31 March 2024 200,000 25,982 42,980 45,965 314,927
At 31 March 2023 200,000 25,982 49,115 39,309 314,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 599,112 657,790
Other debtors 1,825 -
600,937 657,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,188 87,898
Taxation 94,246 75,662
Social security and other taxes 24,875 27,756
VAT 93,504 103,104
Other creditors 15,688 14,830
Hire purchase 36,928 26,503
327,429 335,753