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REGISTERED NUMBER: 03003702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

M T PERRY ENGINEERING LIMITED

M T PERRY ENGINEERING LIMITED (Registered number: 03003702)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M T PERRY ENGINEERING LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M T Perry
S M Perry





SECRETARY: S M Perry





REGISTERED OFFICE: Unit B
Gladstone Industrial Estate
Denmark Street
Maidenhead
Berkshire
SL6 7XJ





REGISTERED NUMBER: 03003702 (England and Wales)





ACCOUNTANTS: Geoff Wilkinson ACA
Pickwick House
Bunces Lane
Burghfield Common
Reading
Berkshire
RG7 3DL

M T PERRY ENGINEERING LIMITED (Registered number: 03003702)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,160 56,540

CURRENT ASSETS
Debtors 5 289,540 383,497
Cash at bank 531,272 413,086
820,812 796,583
CREDITORS
Amounts falling due within one year 6 218,249 300,029
NET CURRENT ASSETS 602,563 496,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,723

553,094

CAPITAL AND RESERVES
Called up share capital 170 170
Retained earnings 7 694,553 552,924
694,723 553,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 T PERRY ENGINEERING LIMITED (Registered number: 03003702)

Balance Sheet - continued
31 December 2023


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 18 September 2024 and were signed on its behalf by:




M T Perry - Director



S M Perry - Director


M T PERRY ENGINEERING LIMITED (Registered number: 03003702)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M T PERRY ENGINEERING LIMITED 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 etc - 25% on cost

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.

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.

M T PERRY ENGINEERING LIMITED (Registered number: 03003702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 285,665
Additions 66,114
At 31 December 2023 351,779
DEPRECIATION
At 1 January 2023 229,125
Charge for year 30,494
At 31 December 2023 259,619
NET BOOK VALUE
At 31 December 2023 92,160
At 31 December 2022 56,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 237,008 285,520
Amounts owed by group undertakings 10,000 70,000
Other debtors 42,532 27,977
289,540 383,497

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 668 639
Trade creditors 80,606 183,084
Taxation and social security 107,834 86,217
Other creditors 29,141 30,089
218,249 300,029

M T PERRY ENGINEERING LIMITED (Registered number: 03003702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. RESERVES
Retained
earnings
£   

At 1 January 2023 552,924
Profit for the year 241,629
Dividends (100,000 )
At 31 December 2023 694,553

8. ULTIMATE CONTROLLING PARTY

The controlling party is S M Perry.

M T Perry Holdings Limited acquired the entire issued share capital of the company on 31 March 2017. Mr S M Perry is the beneficial owner of over 75% of the issued shares in M T Perry Holdings Limited.