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REGISTERED NUMBER: 05763439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MBP Agency Ltd

MBP Agency Ltd (Registered number: 05763439)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBP Agency Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S N Stavrakev





REGISTERED OFFICE: 55 Thornhill Road
Luton
LU4 8EY





REGISTERED NUMBER: 05763439 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

MBP Agency Ltd (Registered number: 05763439)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96 128

CURRENT ASSETS
Stocks 5 7,033 3,325
Debtors 6 4,404 17,340
Cash at bank 80,280 198,327
91,717 218,992
CREDITORS
Amounts falling due within one
year

7

13,364

108,075
NET CURRENT ASSETS 78,353 110,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,449

111,045

CREDITORS
Amounts falling due after more
than one year

8

11,667

21,667
NET ASSETS 66,782 89,378

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 66,682 89,278
SHAREHOLDERS' FUNDS 66,782 89,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MBP Agency Ltd (Registered number: 05763439)

Balance Sheet - continued
31 March 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 director and authorised for issue on 17 September 2024 and were signed by:





Mr S N Stavrakev - Director


MBP Agency Ltd (Registered number: 05763439)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MBP Agency 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% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and 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 2 (2023 - 2 ) .

MBP Agency Ltd (Registered number: 05763439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,912 316 2,228
DEPRECIATION
At 1 April 2023 1,884 216 2,100
Charge for year 7 25 32
At 31 March 2024 1,891 241 2,132
NET BOOK VALUE
At 31 March 2024 21 75 96
At 31 March 2023 28 100 128

5. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 7,033 3,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 17,340
Other debtors 4,404 -
4,404 17,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 251 24,208
Taxation and social security 2,540 27,548
Other creditors 573 46,319
13,364 108,075

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

MBP Agency Ltd (Registered number: 05763439)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RESERVES
Retained
earnings
£   

At 1 April 2023 89,278
Deficit for the year (296 )
Dividends (22,300 )
At 31 March 2024 66,682

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,300 (2023 - £39,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S N Stavrakev.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.