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REGISTERED NUMBER: 03830610 (England and Wales)















MLE PYROTECHNICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLE PYROTECHNICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: M J Lawrence





SECRETARY: M J Lawrence





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 03830610 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 463,140 410,822

CURRENT ASSETS
Stocks 106,500 210,000
Debtors 5 116,951 209,696
Cash at bank and in hand 289,876 225,722
513,327 645,418
CREDITORS
Amounts falling due within one year 6 565,981 469,770
NET CURRENT (LIABILITIES)/ASSETS (52,654 ) 175,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,486

586,470

CREDITORS
Amounts falling due after more than one
year

7

(39,110

)

(174,633

)

PROVISIONS FOR LIABILITIES (115,785 ) (78,056 )
NET ASSETS 255,591 333,781

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 255,589 333,779
SHAREHOLDERS' FUNDS 255,591 333,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th November 2024 and were signed by:





M J Lawrence - Director


MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

MLE Pyrotechnics 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.

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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents the value of sales of goods and services exclusive of value added tax.

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.
Equipment - 15% on cost
Motor vehicles - 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.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1st December 2022 823,569 81,181 904,750
Additions 190,105 - 190,105
At 30th November 2023 1,013,674 81,181 1,094,855
DEPRECIATION
At 1st December 2022 449,732 44,196 493,928
Charge for year 128,541 9,246 137,787
At 30th November 2023 578,273 53,442 631,715
NET BOOK VALUE
At 30th November 2023 435,401 27,739 463,140
At 30th November 2022 373,837 36,985 410,822

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st December 2022
and 30th November 2023 58,611
DEPRECIATION
At 1st December 2022 25,643
Charge for year 8,242
At 30th November 2023 33,885
NET BOOK VALUE
At 30th November 2023 24,726
At 30th November 2022 32,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,056 169,063
Other debtors 35 1,138
Prepayments 41,860 39,495
116,951 209,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,118 9,870
Other loans (see note 8) 87,749 78,701
Hire purchase contracts (see note 9) 37,627 6,683
Trade creditors 218,139 228,915
Corporation tax payable 10,926 20,119
Social security and other taxes 42,902 42,754
Other creditors 55,266 3,348
Loan from associated company 32,118 3,807
Directors' current accounts 5,033 6,835
Accruals and prepaid income 66,103 68,738
565,981 469,770

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 15,645 25,767
Other loans (see note 8) 23,465 111,239
Hire purchase contracts (see note 9) - 37,627
39,110 174,633

8. LOANS

The other loan has been secured by a personal guarantee by M J Lawrence. The bounceback bank loan is unsecured.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 37,627 6,683
Between one and five years - 37,627
37,627 44,310

Non-cancellable operating leases
2023 2022
£    £   
Within one year 23,952 23,952
Between one and five years 4,396 28,348
28,348 52,300