14630100falseCAR AND VAN SALES2023-05-012024-02-29http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-02-29http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-29http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-02-29http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-02-29http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-02-29http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-02-29http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-29http://www.companieshouse.gov.uk/2023-05-012024-02-29http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-02-29http://www.companieshouse.gov.uk/2024-02-29http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-02-29http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-02-29iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 14630100

MM PERFORMANCE CARS LTD

ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 29/02/2024

Prepared By:
VICTOR STEWART

MM PERFORMANCE CARS LTD

ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 29/02/2024
DIRECTORS
MATTHEW BEACROFT
REGISTERED OFFICE
MITCHELL HOUSE
BROOK AVENUE
WARSASH
SOUTHAMPTON
SO31 9HP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14630100
ACCOUNTANTS
VICTOR STEWART

MM PERFORMANCE CARS LTD

ACCOUNTS
FOR THE305 DAY PERIODENDED29/02/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MM PERFORMANCE CARS LTD

BALANCE SHEET AT 29/02/2024
2024
Notes£
FIXED ASSETS
Tangible assets38,371
CURRENT ASSETS
Stock14,800
Debtors53,461
Cash at bank and in hand3,320
21,581
CREDITORS: Amounts falling due within one year68,291
NET CURRENT ASSETS13,290
TOTAL ASSETS LESS CURRENT LIABILITIES21,661
CREDITORS: Amounts falling due after more than one year720,000
NET ASSETS1,661
CAPITAL AND RESERVES
Called up share capital81
Profit and loss account2,360
SHAREHOLDERS' FUNDS2,361
Difference on accounts(700)
For the year ending 29/02/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/10/2024 and signed on their behalf by
.............................
MATTHEW BEACROFT
Director

MM PERFORMANCE CARS LTD

NOTES TO THE ACCOUNTS
FOR THE 305 DAY PERIOD ENDED 29/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2024
No.No.
Average number of employees1

MM PERFORMANCE CARS LTD

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
Additions8,3718,371
At 29/02/20248,3718,371
Depreciation
At 29/02/2024--
Net Book Amounts
At 29/02/20248,3718,371
4. STOCK 2024
£
Stock comprises:
Stock14,800
14,800
5. DEBTORS 2024
£
Amounts falling due within one year
VAT3,461
3,461
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
UK corporation tax936
Directors current account6,797
Trade creditors558
8,291

MM PERFORMANCE CARS LTD

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Due to group companies >1yr20,000
20,000
8. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
1 Class 1 shares of £1 each1
1
New shares issued during period:
1 Class 1 shares of £1 each1
1