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REGISTERED NUMBER: 02215585 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

M.P.M. Engineering Services Limited

M.P.M. Engineering Services Limited (Registered number: 02215585)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M.P.M. Engineering Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M P Martindale
Mrs W Martindale
D Martindale





SECRETARY: T Cater





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 02215585 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

M.P.M. Engineering Services Limited (Registered number: 02215585)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 66,288 28,207
66,289 28,208

CURRENT ASSETS
Stocks 6,458 5,825
Debtors 6 56,671 21,107
Cash at bank 669,228 429,750
732,357 456,682
CREDITORS
Amounts falling due within one year 7 397,675 300,121
NET CURRENT ASSETS 334,682 156,561
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,971

184,769

CREDITORS
Amounts falling due after more than one
year

8

(16,079

)

(1,995

)

PROVISIONS FOR LIABILITIES (16,480 ) (5,268 )
NET ASSETS 368,412 177,506

M.P.M. Engineering Services Limited (Registered number: 02215585)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 368,311 177,405
SHAREHOLDERS' FUNDS 368,412 177,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 15 October 2024 and were signed on its behalf by:





D Martindale - Director


M.P.M. Engineering Services Limited (Registered number: 02215585)

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

1. STATUTORY INFORMATION

M.P.M. Engineering Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1989, 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 cost, 15% on cost and 10% on cost

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.


M.P.M. Engineering Services Limited (Registered number: 02215585)

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

2. ACCOUNTING POLICIES - continued
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
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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

M.P.M. Engineering Services Limited (Registered number: 02215585)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 299,625 15,345 39,179 354,149
Additions - 1,416 60,224 61,640
Disposals - 11,274 (22,538 ) (11,264 )
At 30 April 2024 299,625 28,035 76,865 404,525
DEPRECIATION
At 1 May 2023 291,142 8,842 25,958 325,942
Charge for year 5,123 1,833 14,724 21,680
Eliminated on disposal - 11,274 (20,659 ) (9,385 )
At 30 April 2024 296,265 21,949 20,023 338,237
NET BOOK VALUE
At 30 April 2024 3,360 6,086 56,842 66,288
At 30 April 2023 8,483 6,503 13,221 28,207

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

Plant and
machinery
etc
£   
COST
At 1 May 2023 16,641
Additions 60,224
At 30 April 2024 76,865
DEPRECIATION
At 1 May 2023 6,240
Charge for year 13,785
At 30 April 2024 20,025
NET BOOK VALUE
At 30 April 2024 56,840
At 30 April 2023 10,401

M.P.M. Engineering Services Limited (Registered number: 02215585)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 25,971 387
Other debtors 30,700 20,720
56,671 21,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 13,332 4,343
Trade creditors 82,964 109,301
Taxation and social security 193,092 108,129
Other creditors 108,287 78,348
397,675 300,121

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 16,079 1,995

9. RELATED PARTY DISCLOSURES

The ultimate controlling party is D Martindale.