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M & A Conservation and Prosthetics Ltd

Financial Statements for the Year Ended 31 January 2024






M & A Conservation and Prosthetics Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B S Williams
A J Ward



REGISTERED OFFICE: Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



REGISTERED NUMBER: 05594619 (England and Wales)



ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA



BANKERS: National Westminster Bank plc
117 St Mary Street
Cardiff
CF10 1LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M & A Conservation and Prosthetics Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & A Conservation and Prosthetics Ltd for the year ended 31 January 2024 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M & A Conservation and Prosthetics Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & A Conservation and Prosthetics Ltd and state those matters that we have agreed to state to the Board of Directors of M & A Conservation and Prosthetics Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & A Conservation and Prosthetics Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M & A Conservation and Prosthetics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & A Conservation and Prosthetics Ltd. You consider that M & A Conservation and Prosthetics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M & A Conservation and Prosthetics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


30 October 2024

M & A Conservation and Prosthetics Ltd (Registered number: 05594619)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 89,011 102,734
89,011 102,734

CURRENT ASSETS
Stocks 7,753 6,984
Debtors 5 58,932 72,530
Cash at bank and in hand 238,363 213,695
305,048 293,209
CREDITORS
Amounts falling due within one year 6 77,325 66,281
NET CURRENT ASSETS 227,723 226,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,734

329,662

CREDITORS
Amounts falling due after more than
one year

7

(14,896

)

(25,055

)

PROVISIONS FOR LIABILITIES (4,000 ) (5,000 )
NET ASSETS 297,838 299,607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 297,836 299,605
SHAREHOLDERS' FUNDS 297,838 299,607

M & A Conservation and Prosthetics Ltd (Registered number: 05594619)

Balance Sheet - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





B S Williams - Director


M & A Conservation and Prosthetics Ltd (Registered number: 05594619)

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


1. 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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Goodwill
Goodwill is being assessed annually and written off as appropriate in accordance with FRS 10 - Accounting for Intangible Fixed Assets

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.
Long leasehold - term lease of 20 years straight line
Plant and machinery - 20% reducing balance & 33% straight line

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 Profit and Loss, 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 & A Conservation and Prosthetics Ltd (Registered number: 05594619)

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


1. 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.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 10 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 328,199
AMORTISATION
At 1 February 2023
and 31 January 2024 328,199
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

M & A Conservation and Prosthetics Ltd (Registered number: 05594619)

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


4. TANGIBLE FIXED ASSETS
Long Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 February 2023 167,221 292,967 460,188
Additions - 1,194 1,194
At 31 January 2024 167,221 294,161 461,382
DEPRECIATION
At 1 February 2023 96,766 260,688 357,454
Charge for year 8,361 6,556 14,917
At 31 January 2024 105,127 267,244 372,371
NET BOOK VALUE
At 31 January 2024 62,094 26,917 89,011
At 31 January 2023 70,455 32,279 102,734

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,738 61,668
Other debtors & prepayments 3,194 10,862
58,932 72,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,159 9,874
Trade creditors 9,687 11,911
Taxes & social security costs 27,672 29,798
Other creditors & accruals 29,807 14,698
77,325 66,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 14,896 25,055

M & A Conservation and Prosthetics Ltd (Registered number: 05594619)

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


8. OTHER FINANCIAL COMMITMENTS

At 31 January 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,861 (2023 £11,307)

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
B S Williams
Balance outstanding at start of year 5,369 17,401
Amounts advanced - 51,796
Amounts repaid (5,369 ) (63,828 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,369

A J Ward
Balance outstanding at start of year 4,791 16,749
Amounts advanced - 51,792
Amounts repaid (4,791 ) (63,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,791

The directors accounts have been repaid in full by 28 October 2023.