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REGISTERED NUMBER: 04449518 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

M P S Services Ltd

M P S Services Ltd (Registered number: 04449518)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M P S Services Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Bates
R A Bywater





SECRETARY: P Bates





REGISTERED OFFICE: 4 Glebelands Road
Sale
Cheshire
M33 6LB





REGISTERED NUMBER: 04449518 (England and Wales)





ACCOUNTANTS: Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

M P S Services Ltd (Registered number: 04449518)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,786 3,711
2,786 3,711

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 6 90,813 90,276
Cash at bank 34,913 32,171
142,726 139,447
CREDITORS
Amounts falling due within one year 7 92,676 72,349
NET CURRENT ASSETS 50,050 67,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,836

70,809

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES (668 ) (850 )
NET ASSETS 41,335 49,126

CAPITAL AND RESERVES
Called up share capital 104 102
Retained earnings 41,231 49,024
SHAREHOLDERS' FUNDS 41,335 49,126

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.

M P S Services Ltd (Registered number: 04449518)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





R A Bywater - Director


M P S Services Ltd (Registered number: 04449518)

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

1. STATUTORY INFORMATION

M P S Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

M P S Services Ltd (Registered number: 04449518)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 47,500
AMORTISATION
At 1 July 2023
and 30 June 2024 47,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 57,576
DEPRECIATION
At 1 July 2023 53,865
Charge for year 925
At 30 June 2024 54,790
NET BOOK VALUE
At 30 June 2024 2,786
At 30 June 2023 3,711

M P S Services Ltd (Registered number: 04449518)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 7,690
DEPRECIATION
At 1 July 2023 7,113
Charge for year 144
At 30 June 2024 7,257
NET BOOK VALUE
At 30 June 2024 433
At 30 June 2023 577

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 40,634 39,470
Other debtors 50,179 50,806
90,813 90,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,993 18,327
Taxation and social security 48,974 41,649
Other creditors 8,709 2,373
92,676 72,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,833 20,833

M P S Services Ltd (Registered number: 04449518)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
P Bates
Balance outstanding at start of year 25,545 25,547
Amounts repaid (17 ) (2 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,528 25,545

R A Bywater
Balance outstanding at start of year 12,225 12,225
Amounts repaid (53 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,172 12,225