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REGISTERED NUMBER: 11407767 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

MLE Projects Ltd

MLE Projects Ltd (Registered number: 11407767)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MLE Projects Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Etwell
L C Etwell





REGISTERED OFFICE: 7 Reeves Way
Wokingham
Berkshire
RG41 2PS





REGISTERED NUMBER: 11407767 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

MLE Projects Ltd (Registered number: 11407767)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,519 3,628

CURRENT ASSETS
Debtors 5 61,005 12,345
Cash at bank 14,561 39,487
75,566 51,832
CREDITORS
Amounts falling due within one year 6 63,630 46,997
NET CURRENT ASSETS 11,936 4,835
TOTAL ASSETS LESS CURRENT LIABILITIES 15,455 8,463

CREDITORS
Amounts falling due after more than one year 7 (3,501 ) (7,607 )

PROVISIONS FOR LIABILITIES (743 ) (689 )
NET ASSETS 11,211 167

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 11,111 67
SHAREHOLDERS' FUNDS 11,211 167

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.

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 29 August 2024 and were signed on its behalf by:





M Etwell - Director


MLE Projects Ltd (Registered number: 11407767)

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

1. STATUTORY INFORMATION

MLE Projects 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.

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

Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Computer equipment - 3 years straight line

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

MLE Projects Ltd (Registered number: 11407767)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 5,797 413 1,251 7,461
Additions 1,071 - 325 1,396
Disposals (752 ) - - (752 )
At 30 June 2024 6,116 413 1,576 8,105
DEPRECIATION
At 1 July 2023 2,546 173 1,114 3,833
Charge for year 932 48 146 1,126
Eliminated on disposal (373 ) - - (373 )
At 30 June 2024 3,105 221 1,260 4,586
NET BOOK VALUE
At 30 June 2024 3,011 192 316 3,519
At 30 June 2023 3,251 240 137 3,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 51,212 918
Other debtors 9,793 11,427
61,005 12,345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,087 3,991
Trade creditors 18,062 8,925
Taxation and social security 29,757 19,416
Other creditors 11,724 14,665
63,630 46,997

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 3,501 7,607

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 4,337 4,224
Between one and five years 3,614 10,026
7,951 14,250

MLE Projects Ltd (Registered number: 11407767)

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

9. CALLED UP SHARE CAPITAL

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

10. RELATED PARTY DISCLOSURES

During the year the directors maintained a loan account with the company. At the year end the company owed the directors £2,483 (2023 - £3). This loan is interest free, repayable on demand and shown within other creditors.