1 January 2023 false No description of principal activity Taxfiler 2024.6 07292302business:PrivateLimitedCompanyLtd2023-01-012023-12-31 072923022022-12-31 072923022023-01-012023-12-31 07292302business:AuditExemptWithAccountantsReport2023-01-012023-12-31 07292302business:FilletedAccounts2023-01-012023-12-31 072923022023-12-31 07292302business:Director12023-01-012023-12-31 07292302business:Director22023-01-012023-12-31 07292302business:RegisteredOffice2023-01-012023-12-31 072923022022-12-31 07292302core:WithinOneYear2023-12-31 07292302core:WithinOneYear2022-12-31 07292302core:AfterOneYear2023-12-31 07292302core:AfterOneYear2022-12-31 07292302core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07292302core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07292302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07292302core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07292302core:PreviouslyStatedAmount2023-12-31 07292302core:PreviouslyStatedAmount2022-12-31 07292302business:SmallEntities2023-01-012023-12-31 07292302countries:EnglandWales2023-01-012023-12-31 07292302core:PlantMachinery2023-01-012023-12-31 07292302core:MotorVehicles2023-01-012023-12-31 07292302core:FurnitureFittings2023-01-012023-12-31 07292302core:PlantMachinery2022-12-31 07292302core:MotorVehicles2022-12-31 07292302core:FurnitureFittings2022-12-31 07292302core:PlantMachinery2023-12-31 07292302core:MotorVehicles2023-12-31 07292302core:FurnitureFittings2023-12-31 072923022022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07292302 (England and Wales)
MP POWER LTD Unaudited accounts for the year ended 31 December 2023
MP POWER LTD Unaudited accounts Contents
Page
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MP POWER LTD Company Information for the year ended 31 December 2023
Directors
Mr David Mark Curtis Elizabeth Curtis
Company Number
07292302 (England and Wales)
Registered Office
Azoth Solutions Ltd Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH England
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MP POWER LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,015 
57,564 
Current assets
Debtors
198,580 
135,547 
Cash at bank and in hand
39,560 
133,354 
238,140 
268,901 
Creditors: amounts falling due within one year
(235,761)
(175,645)
Net current assets
2,379 
93,256 
Total assets less current liabilities
153,394 
150,820 
Creditors: amounts falling due after more than one year
(19,338)
(25,000)
Provisions for liabilities
Deferred tax
(28,693)
(10,938)
Net assets
105,363 
114,882 
Capital and reserves
Called up share capital
106 
106 
Profit and loss account
105,257 
114,776 
Shareholders' funds
105,363 
114,882 
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by
Mr David Mark Curtis Director Company Registration No. 07292302
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MP POWER LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
MP POWER LTD is a private company, limited by shares, registered in England and Wales, registration number 07292302. The registered office is Azoth Solutions Ltd, Jonathan Scott Hall, Thorpe Road, Norwich, Norfolk, NR1 1UH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RBM
Motor vehicles
25% RBM
Fixtures & fittings
10% RBM
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
139,993 
7,200 
17,500 
164,693 
Additions
- 
224,359 
- 
224,359 
Disposals
(47,609)
(55,518)
(17,500)
(120,627)
At 31 December 2023
92,384 
176,041 
- 
268,425 
Depreciation
At 1 January 2023
94,030 
4,853 
8,246 
107,129 
Charge for the year
10,050 
58,131 
9,254 
77,435 
On disposals
(39,989)
(9,665)
(17,500)
(67,154)
At 31 December 2023
64,091 
53,319 
- 
117,410 
Net book value
At 31 December 2023
28,293 
122,722 
- 
151,015 
At 31 December 2022
45,963 
2,347 
9,254 
57,564 
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MP POWER LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
198,580 
135,547 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
9,945 
VAT
80,261 
54,916 
Obligations under finance leases and hire purchase contracts
8,568 
- 
Trade creditors
36,489 
1,394 
Taxes and social security
94,678 
(9,057)
Other creditors
1,535 
114,037 
Accruals
4,230 
4,410 
235,761 
175,645 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,001 
25,000 
Obligations under finance leases and hire purchase contracts
4,337 
- 
19,338 
25,000 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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