1 December 2022 false No description of principal activity Taxfiler 2024.5 13701207business:PrivateLimitedCompanyLtd2022-12-012023-11-30 137012072022-11-30 137012072022-12-012023-11-30 13701207business:AuditExemptWithAccountantsReport2022-12-012023-11-30 13701207business:AbridgedAccounts2022-12-012023-11-30 137012072023-11-30 13701207business:Director12022-12-012023-11-30 13701207business:RegisteredOffice2022-12-012023-11-30 137012072022-11-30 13701207core:WithinOneYear2023-11-30 13701207core:WithinOneYear2022-11-30 13701207core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 13701207core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 13701207core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 13701207core:RevaluationReservecore:PreviouslyStatedAmount2022-11-30 13701207core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 13701207core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 13701207core:PreviouslyStatedAmount2023-11-30 13701207core:PreviouslyStatedAmount2022-11-30 13701207business:SmallEntities2022-12-012023-11-30 13701207countries:EnglandWales2022-12-012023-11-30 13701207core:AcceleratedTaxDepreciationDeferredTax2023-11-30 13701207core:AcceleratedTaxDepreciationDeferredTax2022-11-30 137012072021-10-24 137012072021-10-252022-11-30 iso4217:GBP xbrli:pure
MVIndustries Limited Unaudited accounts Contents
Page
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MVIndustries Limited Company Information for the year ended 30 November 2023
Director
A Hiley-Mann
Company Number
13701207 (England and Wales)
Registered Office
52C Browning Road London E11 3AR
Accountants
TFA Accountants Limited Arena Business Centre Holyrood Close Poole Dorset BH17 7FJ
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MVIndustries Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,256,644 
639,519 
Tangible assets
57,852 
77,304 
1,314,496 
716,823 
Current assets
Debtors
334,424 
75,188 
Cash at bank and in hand
658 
18,974 
335,082 
94,162 
Creditors: amounts falling due within one year
(278,136)
(180,392)
Net current assets/(liabilities)
56,946 
(86,230)
Total assets less current liabilities
1,371,442 
630,593 
Provisions for liabilities
Deferred tax
(13,306)
(14,688)
Net assets
1,358,136 
615,905 
Capital and reserves
Called up share capital
1,000 
100,000 
Revaluation reserve
36,924 
11,057 
Profit and loss account
1,320,212 
504,848 
Shareholders' funds
1,358,136 
615,905 
For the year ending 30 November 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 3 September 2024 and were signed on its behalf by
A Hiley-Mann Director Company Registration No. 13701207
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MVIndustries Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MVIndustries Limited is a private company, limited by shares, registered in England and Wales, registration number 13701207. The registered office is 52C Browning Road, London, E11 3AR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at their revalued amount at the year end
4
Intangible fixed assets
Total 
£ 
Cost
At 1 December 2022
639,519 
Additions
591,258 
Revaluations
25,867 
At 30 November 2023
1,256,644 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
At 30 November 2023
1,256,644 
At 30 November 2022
639,519 
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MVIndustries Limited Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
83,107 
Additions
2,372 
At 30 November 2023
85,479 
Depreciation
At 1 December 2022
5,803 
Charge for the year
21,824 
At 30 November 2023
27,627 
Net book value
At 30 November 2023
57,852 
At 30 November 2022
77,304 
6
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
13,306 
14,688 
2023 
2022 
£ 
£ 
Provision at start of year
14,688 
- 
(Credited)/charged to the profit and loss account
(1,382)
14,688 
Provision at end of year
13,306 
14,688 
7
Transactions with related parties
The director charged the company rent of £8,287 (2022: £312). The director also made an interest free loan to the company of £17,487 (2022: £0). The director reserves the right to charge the company interest at any stage.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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