Registered number
04833083
MPLI Limited
Filleted Accounts
31 December 2023
MPLI Limited
Registered number: 04833083
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 200,000 200,000
Tangible assets 5 277,574 277,574
477,574 477,574
Current assets
Stocks 4,974 5,302
Prepayments - -
Cash at bank and in hand 17,179 24,184
22,153 29,486
Creditors: amounts falling due within one year 6 (25,266) (23,942)
Net current (liabilities)/assets (3,113) 5,544
Total assets less current liabilities 474,461 483,118
Creditors: amounts falling due after more than one year 7 (55,651) (55,658)
Net assets 418,810 427,460
Capital and reserves
Called up share capital 350 350
Equity Reserve 134,773 134,773
Profit and loss account 283,687 292,337
Shareholders' funds 418,810 427,460
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A M Butler
Director
Approved by the board on 31 July 2024
MPLI Limited
Statement of Changes in Equity
for the year ended 31 December 2023
Share Equity Profit Total
capital Reserve and loss
account
£ £ £ £
At 1 January 2022 350 134,773 300,235 435,358
Profit for the financial year 2,317 2,317
Gain on revaluation of land and buildings -
Deferred taxation arising on the revaluation of land and buildings -
Other comprehensive income for the financial year - - - -
Total comprehensive income for the financial year - - 2,317 2,317
Dividends (10,215) (10,215)
Shares issued - - -
Shares redeemed - - -
At 31 December 2022 350 134,773 292,337 427,460
Correction of prior year errors - -
Effect of retrospective changes in accounting policies - -
At 31 December 2022 as restated 350 134,773 292,337 427,460
At 1 January 2023 350 134,773 292,337 427,460
Loss for the financial year (5,565) (5,565)
Gain on revaluation of land and buildings -
Deferred taxation arising on the revaluation of land and buildings -
Other comprehensive income for the financial year - - - -
Total comprehensive income for the financial year - - (5,565) (5,565)
Dividends (3,085) (3,085)
Shares issued - - -
Shares redeemed - - -
At 31 December 2023 350 134,773 283,687 418,810
MPLI Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & Machinery 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Exceptional items 2023 2022
£ £
- -
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 8
4 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 200,000
Additions -
Disposals -
At 31 December 2023 200,000
Amortisation
At 1 January 2023 -
Provided during the year -
On disposals -
At 31 December 2023 -
Net book value
At 31 December 2023 200,000
At 31 December 2022 200,000
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 277,377 12,058 - 289,435
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 December 2023 277,377 12,058 - 289,435
Depreciation
At 1 January 2023 - 11,861 - 11,861
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 December 2023 - 11,861 - 11,861
Net book value
At 31 December 2023 277,377 197 - 277,574
At 31 December 2022 277,377 197 - 277,574
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 10,407 8,796
Taxes and social security costs 14,859 15,146
Other creditors - -
25,266 23,942
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - -
Other creditors 55,651 55,658
55,651 55,658
8 Loans 2023 2022
£ £
Secured bank loans - -
9 Other information
MPLI Limited is a private company limited by shares and incorporated in England. Its registered office is:
Mount Pleasant Inn
Nomansland
Tiverton
Devon
EX16 8NN
MPLI Limited 04833083 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts October 2023 release 2 Mrs A M Butler No description of principal activity 04833083 2022-01-01 2022-12-31 04833083 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04833083 core:LandBuildings 2022-01-01 2022-12-31 04833083 core:ShareCapital 2022-01-01 2022-12-31 04833083 bus:AllOrdinaryShares core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 04833083 core:RetainedEarningsAccumulatedLosses core:PriorPeriodErrorIncreaseDecrease 2022-01-01 2022-12-31 04833083 core:PriorPeriodErrorIncreaseDecrease 2022-01-01 2022-12-31 04833083 core:RetainedEarningsAccumulatedLosses core:AccountingPolicyChangeIncreaseDecrease 2022-01-01 2022-12-31 04833083 core:AccountingPolicyChangeIncreaseDecrease 2022-01-01 2022-12-31 04833083 core:WithinOneYear 2022-12-31 04833083 core:AfterOneYear 2022-12-31 04833083 core:ShareCapital 2022-12-31 04833083 core:OtherCapitalReserve 2022-12-31 04833083 core:RetainedEarningsAccumulatedLosses 2022-12-31 04833083 core:ShareCapital core:RestatedAmount 2022-12-31 04833083 core:RetainedEarningsAccumulatedLosses core:RestatedAmount 2022-12-31 04833083 core:RestatedAmount 2022-12-31 04833083 2021-12-31 04833083 core:ShareCapital 2021-12-31 04833083 core:RetainedEarningsAccumulatedLosses 2021-12-31 04833083 2023-01-01 2023-12-31 04833083 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04833083 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04833083 bus:Director40 2023-01-01 2023-12-31 04833083 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04833083 core:LandBuildings 2023-01-01 2023-12-31 04833083 core:ShareCapital 2023-01-01 2023-12-31 04833083 bus:AllOrdinaryShares core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04833083 2 2023-01-01 2023-12-31 04833083 core:Goodwill 2023-01-01 2023-12-31 04833083 core:PlantMachinery 2023-01-01 2023-12-31 04833083 core:Vehicles 2023-01-01 2023-12-31 04833083 countries:England 2023-01-01 2023-12-31 04833083 bus:FRS102 2023-01-01 2023-12-31 04833083 bus:FullAccounts 2023-01-01 2023-12-31 04833083 2023-12-31 04833083 core:WithinOneYear 2023-12-31 04833083 core:AfterOneYear 2023-12-31 04833083 core:ShareCapital 2023-12-31 04833083 core:OtherCapitalReserve 2023-12-31 04833083 core:RetainedEarningsAccumulatedLosses 2023-12-31 04833083 core:Goodwill 2023-12-31 04833083 core:LandBuildings 2023-12-31 04833083 core:PlantMachinery 2023-12-31 04833083 core:Vehicles 2023-12-31 04833083 2022-12-31 04833083 core:Goodwill 2022-12-31 04833083 core:LandBuildings 2022-12-31 04833083 core:PlantMachinery 2022-12-31 04833083 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure