Company Registration No. 14092773 (England and Wales)
M2P2 LTD
Unaudited accounts
for the year ended 31 May 2024
M2P2 LTD
Unaudited accounts
Contents
M2P2 LTD
Company Information
for the year ended 31 May 2024
Directors
Mohsen VARSHANGI
Parham VARSHANGI
Company Number
14092773 (England and Wales)
Registered Office
BRAEMAR HOUSE
SALFORD ROAD
BOLTON
BL5 1BW
ENGLAND
Accountants
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
M2P2 LTD
Accountants' report
Accountants' report to the board of directors of M2P2 LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
M2P2 LTD for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M2P2 LTD, as a body, in accordance with the terms of our engagement letter dated 20 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of M2P2 LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M2P2 LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M2P2 LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M2P2 LTD. You consider that M2P2 LTD 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 accounts of M2P2 LTD. 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 accounts.
Fouladi and Co Accountants
30 High Street
Cradley Heath
West Midlands
B64 5HL
20 August 2024
M2P2 LTD
Statement of financial position
as at 31 May 2024
Tangible assets
11,599
13,646
Cash at bank and in hand
196
254
Creditors: amounts falling due within one year
(3,044)
(3,855)
Net current liabilities
(2,848)
(3,601)
Total assets less current liabilities
8,751
10,045
Creditors: amounts falling due after more than one year
(7,451)
(9,523)
Called up share capital
2
2
Profit and loss account
1,298
520
Shareholders' funds
1,300
522
For the year ending 31 May 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 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 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 of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by
Mohsen VARSHANGI
Director
Company Registration No. 14092773
M2P2 LTD
Notes to the Accounts
for the year ended 31 May 2024
M2P2 LTD is a private company, limited by shares, registered in England and Wales, registration number 14092773. The registered office is BRAEMAR HOUSE, SALFORD ROAD, BOLTON, BL5 1BW, 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.
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.
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:
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
886
1,764
Loans from directors
1,513
1,446
M2P2 LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,451
9,523
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).