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Company Registration No. 10022054 (England and Wales)
MPM MECHANICAL SERVICES LIMITED Unaudited accounts for the year ended 29 March 2024
MPM MECHANICAL SERVICES LIMITED Unaudited accounts Contents
Page
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MPM MECHANICAL SERVICES LIMITED Company Information for the year ended 29 March 2024
Director
Matthew Petherick Maccallum
Company Number
10022054 (England and Wales)
Registered Office
New Cottage Farm Crowhurst Lane Lingfield Surrey RH7 6NA United Kingdom
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MPM MECHANICAL SERVICES LIMITED Statement of financial position as at 29 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,573 
1 
Current assets
Debtors
1,626 
1,626 
Cash at bank and in hand
8,543 
2,825 
10,169 
4,451 
Creditors: amounts falling due within one year
51,305 
31,955 
Net current assets
61,474 
36,406 
Total assets less current liabilities
90,047 
36,407 
Provisions for liabilities
Deferred tax
(1,013)
(1,013)
Net assets
89,034 
35,394 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
88,984 
35,344 
Shareholders' funds
89,034 
35,394 
For the year ending 29 March 2024 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.
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 31 July 2024 and were signed on its behalf by
Matthew Petherick Maccallum Director Company Registration No. 10022054
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MPM MECHANICAL SERVICES LIMITED Notes to the Accounts for the year ended 29 March 2024
1
Statutory information
MPM MECHANICAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10022054. The registered office is New Cottage Farm, Crowhurst Lane, Lingfield, Surrey, RH7 6NA, United Kingdom.
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.
Going concern
The financial statements have been prepared on a going concern basis. The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25 % Straight Line Basis
Motor vehicles
25 % Straight Line Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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MPM MECHANICAL SERVICES LIMITED Notes to the Accounts for the year ended 29 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 March 2023
661 
10,000 
10,661 
Additions
- 
31,170 
31,170 
At 29 March 2024
661 
41,170 
41,831 
Depreciation
At 30 March 2023
660 
10,000 
10,660 
Charge for the year
- 
2,598 
2,598 
At 29 March 2024
660 
12,598 
13,258 
Net book value
At 29 March 2024
1 
28,572 
28,573 
At 29 March 2023
1 
- 
1 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,626 
1,626 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
29,325 
215 
Taxes and social security
28,714 
18,306 
Loans from directors
(109,994)
(51,126)
Accruals
650 
650 
(51,305)
(31,955)
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Matthew Petherick Maccallum
Loans and advances
51,126 
10,994 
51,126 
10,994 
51,126 
10,994 
51,126 
10,994 
The director shall pay GBP 113,182 within nine months from the balance sheet date.
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MPM MECHANICAL SERVICES LIMITED Notes to the Accounts for the year ended 29 March 2024
9
Transactions with related parties
M P MACCALLUM is the sole director and shareholder holding 100 % shares in the company.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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