MP ENGINEERING SOLUTIONS LTD

Company Registration Number:
11179143 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

MP ENGINEERING SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

MP ENGINEERING SOLUTIONS LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 3,361 3,001
Total fixed assets: 3,361 3,001
Current assets
Debtors: 4 150 150
Cash at bank and in hand: 4,416 3,943
Total current assets: 4,566 4,093
Creditors: amounts falling due within one year: 5 (679) (606)
Net current assets (liabilities): 3,887 3,487
Total assets less current liabilities: 7,248 6,488
Creditors: amounts falling due after more than one year: 6 (3,706) (3,943)
Total net assets (liabilities): 3,542 2,545
Capital and reserves
Called up share capital: 100 100
Other reserves: 1,094 1,094
Profit and loss account: 2,348 1,351
Shareholders funds: 3,542 2,545

The notes form part of these financial statements

MP ENGINEERING SOLUTIONS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Patrick Zengeya
Status: Director

The notes form part of these financial statements

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

MP ENGINEERING SOLUTIONS LTD hereinafter referred to as the company is registered with companies house with registration no 11179143 with ZENGEYA, Patrick as the sole director. The company provide Engineering solution and motor vehicle sell and supply services to its customers through its director. The financial statement has been prepared under the historical cost convention and in accordance with the financial Reporting Standard for Smaller Entities (effective January 2016)

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

This is the wages paid to 3 of the employees that works flexible hours during the financial year ended 31st January 2024

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 3,841
Additions 480
At 31 January 2024 4,321
Depreciation
At 01 February 2023 840
Charge for year 120
At 31 January 2024 960
Net book value
At 31 January 2024 3,361
At 31 January 2023 3,001

Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes. Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 150 150

This has already been deducted from the directors wages before arriving at the current wage. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at the amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

This is the tax due at the end of the year. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

MP ENGINEERING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due after more than one year note

This is the bounce back loan taken by the business during the lockdown and the business has commenced repayment. The figure is the outstanding amount on the loan