MVIndustries Limited
Unaudited accounts
Contents
MVIndustries Limited
Company Information
for the year ended 30 November 2023
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
MVIndustries Limited
Statement of financial position
as at 30 November 2023
Intangible assets
1,256,644
639,519
Tangible assets
57,852
77,304
Cash at bank and in hand
658
18,974
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
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
MVIndustries Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at their revalued amount at the year end
4
Intangible fixed assets
Total
At 1 December 2022
639,519
At 30 November 2023
1,256,644
At 30 November 2023
1,256,644
At 30 November 2022
639,519
MVIndustries Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Total
At 30 November 2023
85,479
Charge for the year
21,824
At 30 November 2023
27,627
At 30 November 2023
57,852
At 30 November 2022
77,304
6
Deferred taxation
2023
2022
Accelerated capital allowances
13,306
14,688
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).