IRIS Accounts Production v24.2.0.383 08905764 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089057642023-06-30089057642024-06-30089057642023-07-012024-06-30089057642022-06-30089057642022-07-012023-06-30089057642023-06-3008905764ns15:EnglandWales2023-07-012024-06-3008905764ns14:PoundSterling2023-07-012024-06-3008905764ns10:Director12023-07-012024-06-3008905764ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008905764ns10:SmallEntities2023-07-012024-06-3008905764ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008905764ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008905764ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008905764ns10:FullAccounts2023-07-012024-06-3008905764ns10:CompanySecretary12023-07-012024-06-3008905764ns10:RegisteredOffice2023-07-012024-06-3008905764ns5:CurrentFinancialInstruments2024-06-3008905764ns5:CurrentFinancialInstruments2023-06-3008905764ns5:ShareCapital2024-06-3008905764ns5:ShareCapital2023-06-3008905764ns5:RetainedEarningsAccumulatedLosses2024-06-3008905764ns5:RetainedEarningsAccumulatedLosses2023-06-3008905764ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3008905764ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 08905764 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

MPS Associates (Lechlade) Ltd

MPS Associates (Lechlade) Ltd (Registered number: 08905764)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPS Associates (Lechlade) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N Morley FCA,





SECRETARY: Mrs N M Morley





REGISTERED OFFICE: 24 Briary Road
Lechlade
Gloucestershire
GL7 3DD





REGISTERED NUMBER: 08905764 (England and Wales)





ACCOUNTANTS: Morley & Co (UK) Ltd
Chartered Certified Accountants,
2 Cricklade Court
Old Town
Swindon
Wiltshire
SN1 3EY

MPS Associates (Lechlade) Ltd (Registered number: 08905764)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 100,000 -
Cash at bank 58,307 184,754
158,307 184,754
CREDITORS
Amounts falling due within one year 5 116,616 77,165
NET CURRENT ASSETS 41,691 107,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,691

107,589

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 41,091 106,989
SHAREHOLDERS' FUNDS 41,691 107,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MPS Associates (Lechlade) Ltd (Registered number: 08905764)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





N Morley FCA, - Director


MPS Associates (Lechlade) Ltd (Registered number: 08905764)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

MPS Associates (Lechlade) Ltd 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.

Financial instruments
Classification

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Debt instruments are subsequently measured at cost.

Impairment

Financial assets that are measured at cost or amortised cost, are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairments are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial assets that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 balance sheet date.

MPS Associates (Lechlade) Ltd (Registered number: 08905764)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100,000 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 116,616 77,165