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REGISTERED NUMBER: 07709997 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Mr M Power Ltd

Mr M Power Ltd (Registered number: 07709997)






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


Mr M Power Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Marinelli
T L Marinelli





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 07709997 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Mr M Power Ltd (Registered number: 07709997)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,260 9,352

CURRENT ASSETS
Debtors 5 12,617 13,799
Cash at bank 65,263 68,072
77,880 81,871
CREDITORS
Amounts falling due within one year 6 25,179 26,378
NET CURRENT ASSETS 52,701 55,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,961

64,845

PROVISIONS FOR LIABILITIES 7 5,300 2,300
NET ASSETS 69,661 62,545

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 69,561 62,445
SHAREHOLDERS' FUNDS 69,661 62,545

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 directors acknowledge their 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.

Mr M Power Ltd (Registered number: 07709997)

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 Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





M Marinelli - Director


Mr M Power Ltd (Registered number: 07709997)

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

1. STATUTORY INFORMATION

Mr M Power Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is Rivermill House, 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue represents fair value of consideration receivable for goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicles - 25% reducing balance
Equipment - 33% on cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

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

Mr M Power Ltd (Registered number: 07709997)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 19,299 10,436 29,735
Additions 28,374 708 29,082
Disposals (19,299 ) - (19,299 )
At 30 June 2024 28,374 11,144 39,518
DEPRECIATION
At 1 July 2023 11,157 9,226 20,383
Charge for year 7,093 939 8,032
Eliminated on disposal (11,157 ) - (11,157 )
At 30 June 2024 7,093 10,165 17,258
NET BOOK VALUE
At 30 June 2024 21,281 979 22,260
At 30 June 2023 8,142 1,210 9,352

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 11,648 13,511
Prepayments 969 288
12,617 13,799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 8,767 14,947
Social security and other taxes 3,396 7,047
Other creditors 13,016 4,384
25,179 26,378

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 5,300 2,300

Mr M Power Ltd (Registered number: 07709997)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 2,300
Deferred tax provided 3,000
Balance at 30 June 2024 5,300

Deferred tax is incurred when capital allowances exceed depreciation. Deferred tax is charged at 25% (2023 - 25%).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary Shares £1 100 100