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REGISTERED NUMBER: 11192285 (England and Wales)














Financial Statements for the Year Ended 28 February 2024

for

MM Project Ltd

MM Project Ltd (Registered number: 11192285)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MM Project Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mr M Bilkiewicz
Mr M Przewozniak





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 11192285 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

MM Project Ltd (Registered number: 11192285)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,176 11,511
Investments 5 76,640 49,740
84,816 61,251

CURRENT ASSETS
Inventories 27,620 52,010
Debtors 6 30,948 29,846
Cash at bank and in hand 24,832 137,297
83,400 219,153
CREDITORS
Amounts falling due within one year 7 116,874 137,901
NET CURRENT (LIABILITIES)/ASSETS (33,474 ) 81,252
TOTAL ASSETS LESS CURRENT LIABILITIES 51,342 142,503

CREDITORS
Amounts falling due after more than one
year

8

6,453

9,972
NET ASSETS 44,889 132,531

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 44,639 132,281
44,889 132,531

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 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.

MM Project Ltd (Registered number: 11192285)

Statement of Financial Position - continued
28 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:




Mr M Bilkiewicz - Director



Mr M Przewozniak - Director


MM Project Ltd (Registered number: 11192285)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

MM Project Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MM Project Ltd (Registered number: 11192285)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 716 17,995 4,207 22,918
Disposals (716 ) - - (716 )
At 28 February 2024 - 17,995 4,207 22,202
DEPRECIATION
At 1 March 2023 107 9,177 2,123 11,407
Charge for year - 2,205 521 2,726
Eliminated on disposal (107 ) - - (107 )
At 28 February 2024 - 11,382 2,644 14,026
NET BOOK VALUE
At 28 February 2024 - 6,613 1,563 8,176
At 28 February 2023 609 8,818 2,084 11,511

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 28 February 2024 17,995
DEPRECIATION
At 1 March 2023 9,177
Charge for year 2,205
At 28 February 2024 11,382
NET BOOK VALUE
At 28 February 2024 6,613
At 28 February 2023 8,818

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.24 28.2.23
£    £   
Cost/valuation b/f 49,740 11,006
Additions 26,900 38,734
76,640 49,740

MM Project Ltd (Registered number: 11192285)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 12,818 5,700
Other debtors 18,130 24,146
30,948 29,846

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 3,517 3,517
Trade creditors 37,143 23,839
Taxation and social security 75,144 109,720
Other creditors 1,070 825
116,874 137,901

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Hire purchase contracts 6,453 9,972

9. RELATED PARTY DISCLOSURES

The Directors Mr M P Przwozniak and Mr M Bilkiewicz are considered to be the key management personnel.