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REGISTERED NUMBER: 06879283 (England and Wales)









MLL PORTCHESTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)






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


MLL PORTCHESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M L Law





SECRETARY: MC Secretaries Limited





REGISTERED OFFICE: 20 Castle Street
Portchester
Hampshire
PO16 9PP





REGISTERED NUMBER: 06879283 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,594 98,080
Tangible assets 5 44,010 49,744
126,604 147,824

CURRENT ASSETS
Stocks 2,700 2,700
Debtors 6 72,217 54,411
Cash at bank 63,044 62,483
137,961 119,594
CREDITORS
Amounts falling due within one year 7 56,373 50,903
NET CURRENT ASSETS 81,588 68,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,192

216,515

CREDITORS
Amounts falling due after more than one
year

8

(14,205

)

(25,551

)

PROVISIONS FOR LIABILITIES 10 (11,002 ) (12,436 )
NET ASSETS 182,985 178,528

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 182,885 178,428
SHAREHOLDERS' FUNDS 182,985 178,528

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.

MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

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 28 October 2024 and were signed by:





M L Law - Director


MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

MLL Portchester 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the provision of dental services during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty 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.

Website design and development is being amortised evenly over its estimated useful life of three years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

Financial instruments
Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.


MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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.

Deferred tax shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Website
design
and
Goodwill development Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 309,726 2,035 311,761
AMORTISATION
At 1 April 2023 211,646 2,035 213,681
Amortisation for year 15,486 - 15,486
At 31 March 2024 227,132 2,035 229,167
NET BOOK VALUE
At 31 March 2024 82,594 - 82,594
At 31 March 2023 98,080 - 98,080

MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 91,921 6,709 13,159 111,789
Additions 4,056 - - 4,056
Disposals (2,892 ) - - (2,892 )
At 31 March 2024 93,085 6,709 13,159 112,953
DEPRECIATION
At 1 April 2023 45,589 5,725 10,731 62,045
Charge for year 7,331 148 801 8,280
Eliminated on disposal (1,382 ) - - (1,382 )
At 31 March 2024 51,538 5,873 11,532 68,943
NET BOOK VALUE
At 31 March 2024 41,547 836 1,627 44,010
At 31 March 2023 46,332 984 2,428 49,744

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 53,239
DEPRECIATION
At 1 April 2023 18,022
Charge for year 5,282
At 31 March 2024 23,304
NET BOOK VALUE
At 31 March 2024 29,935
At 31 March 2023 35,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,419 3,083
Other debtors 67,798 51,328
72,217 54,411

MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,347 10,523
Trade creditors 2,826 3,172
Taxation and social security 34,272 27,431
Other creditors 7,928 9,777
56,373 50,903

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 14,205 25,551

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 25,552 36,074

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,002 12,436

Deferred
tax
£   
Balance at 1 April 2023 12,436
Accelerated capital allowances (1,434 )
Balance at 31 March 2024 11,002

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

MLL PORTCHESTER LIMITED (REGISTERED NUMBER: 06879283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M L Law
Balance outstanding at start of year 50,511 29,742
Amounts advanced 197,953 236,633
Amounts repaid (181,432 ) (215,864 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,032 50,511

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M L Law.