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REGISTERED NUMBER: 04369956















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

M F SOLUTIONS (NORTH WEST) LIMITED

M F SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 04369956)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M F SOLUTIONS (NORTH WEST) LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2024







DIRECTOR: Mrs L Rogerson





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 04369956





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

M F SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 04369956)

BALANCE SHEET
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 325,000 238,627

CURRENT ASSETS
Debtors 5 1,289 378
Cash at bank 195,264 451,045
196,553 451,423
CREDITORS
Amounts falling due within one year 6 1,009,174 1,206,755
NET CURRENT LIABILITIES (812,621 ) (755,332 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(487,621

)

(516,705

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (487,622 ) (516,706 )
SHAREHOLDERS' FUNDS (487,621 ) (516,705 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





Mrs L Rogerson - Director


M F SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 04369956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2024


1. STATUTORY INFORMATION

M F Solutions (North West) Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04369956. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD and principal place of business is Amethyst House, Meadowcroft Way, Leigh, Lancashire, WN7 3XZ.

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 as modified by the revaluation of certain assets.

Going concern
The financial statements are prepared on a going concern basis because of the continued support of the company's bankers and creditors. Should the company be unable to continue trading adjustments would have to be made to reduce the value of the assets to their recoverable amount, to provide for any further liabilities which arise and to reclassify long term liabilities as current liabilities.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

M F SOLUTIONS (NORTH WEST) LIMITED (REGISTERED NUMBER: 04369956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 238,627
Additions 31,654
Revaluations 54,719
At 28 February 2024 325,000
NET BOOK VALUE
At 28 February 2024 325,000
At 28 February 2023 238,627

A property valuation was undertaken by the directors on the 5th August 2024. The valuations are deemed to be at fair value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,289 378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,009,174 1,206,755

7. SECURED DEBTS

The bank loans are secured by a charge on the investment properties.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1.00 1 1

9. RELATED PARTY DISCLOSURES

During the year the company received loans from M F Logistics (UK) Ltd which is a company under common control.The creditor at the date of the balance sheet was £873,536 (2023:£1,071,015). This balance represents an interest free loan that is repayable on demand.

During the year the company also had a loan from Springer Race Limited, which is again under common control. The creditor at the year end was £133,496 (2023: £133,496).