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REGISTERED NUMBER: 08840996 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MMPI Manufacturing Limited

MMPI Manufacturing Limited (Registered number: 08840996)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MMPI Manufacturing Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T B Robinson
Mrs J S Robinson





SECRETARY: Mrs J S Robinson





REGISTERED OFFICE: Mulberry House
Hamlash Lane
Farnham
Surrey
GU10 3AT





REGISTERED NUMBER: 08840996 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

MMPI Manufacturing Limited (Registered number: 08840996)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,083 186,783

CURRENT ASSETS
Stocks 1,030,261 1,017,708
Debtors 5 1,877,541 1,487,087
Cash at bank and in hand 501,571 649,601
3,409,373 3,154,396
CREDITORS
Amounts falling due within one year 6 3,112,949 2,845,371
NET CURRENT ASSETS 296,424 309,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,507

495,808

CREDITORS
Amounts falling due after more than one
year

7

(119,167

)

(229,167

)

PROVISIONS FOR LIABILITIES 10 (34,334 ) (34,852 )
NET ASSETS 283,006 231,789

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 282,906 231,689
SHAREHOLDERS' FUNDS 283,006 231,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

MMPI Manufacturing Limited (Registered number: 08840996)

Balance Sheet - continued
30 April 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 11 October 2024 and were signed on its behalf by:




T B Robinson - Director



Mrs J S Robinson - Director


MMPI Manufacturing Limited (Registered number: 08840996)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MMPI Manufacturing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover 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.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


MMPI Manufacturing Limited (Registered number: 08840996)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 33 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023
and 30 April 2024 476,262
DEPRECIATION
At 1 May 2023 289,479
Charge for year 46,700
At 30 April 2024 336,179
NET BOOK VALUE
At 30 April 2024 140,083
At 30 April 2023 186,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,051,120 1,169,719
Loan with associated companies 619,009 167,009
VAT - 7,013
Prepayments 207,412 143,346
1,877,541 1,487,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 594,395 870,452
Hire purchase contracts (see note 8) - 265
Trade creditors 981,769 1,230,207
Taxation and social security 181,820 53,248
Other creditors 1,354,965 691,199
3,112,949 2,845,371

MMPI Manufacturing Limited (Registered number: 08840996)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 119,167 229,167

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year - 265

Non-cancellable operating leases
30.4.24 30.4.23
£    £   
Within one year 159,990 115,250
Between one and five years 324,914 334,334
484,904 449,584

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 484,395 760,452

National Westminster Bank Plc hold a fixed and floating charge dated 16 May 2014 over the undertaking and all property and assets present and future in respect of the bank loan facility.

RBS Invoice Finance Limited hold a fixed and floating charge dated 7 July 2014 over the undertaking and all property and assets present and future in respect of the invoice discounting facility.

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 34,334 34,852

MMPI Manufacturing Limited (Registered number: 08840996)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 34,852
Provided during year (518 )
Balance at 30 April 2024 34,334

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 30th April 2024 include due to FlexEJ Limited £1,341,848 (2023 - £666,144), due to Precision Appointments Limited £nil (2023 - £38,000) and due to Sales Channel Limited £8,600 (2023 - £8,600).

Debtors (including non interest bearing loans) as at 30th April 2024 include due from FlexEJ Limited £584,009 (2023 - £78,009) and due from Precision Appointments Limited £36,709 (2023 - £89,000).

MMPI Manufacturing Limited, FlexEj Limited, Sales Channel Limited, and Precision Appointments Limited share common directors and shareholders.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors, Mr T Robinson and Mrs J S Robinson, as they own all of the issued share capital.