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REGISTERED NUMBER: 12342205 (England and Wales)

















Unaudited Financial Statements

for the Period 1 January 2023 to 30 June 2024

for

Central MEP Ltd

Central MEP Ltd (Registered number: 12342205)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central MEP Ltd

Company Information
for the Period 1 January 2023 to 30 June 2024







DIRECTORS: Mr M C Murphy
Mr R I Daniels





REGISTERED OFFICE: Units 13/14 Matrix @ Dinnington Business
Centre
Nobel Way
Dinnington
Sheffield
S25 3QB





REGISTERED NUMBER: 12342205 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Central MEP Ltd (Registered number: 12342205)

Balance Sheet
30 June 2024

2024 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 56,384 19,333

CURRENT ASSETS
Debtors 5 751,854 357,672
Cash at bank 72,265 70,156
824,119 427,828
CREDITORS
Amounts falling due within one year 6 1,084,382 444,096
NET CURRENT LIABILITIES (260,263 ) (16,268 )
TOTAL ASSETS LESS CURRENT LIABILITIES (203,879 ) 3,065

CREDITORS
Amounts falling due after more than one year 7 (9,970 ) -

PROVISIONS FOR LIABILITIES 9 (7,653 ) -
NET (LIABILITIES)/ASSETS (221,502 ) 3,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (221,602 ) 2,965
(221,502 ) 3,065

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

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

Central MEP Ltd (Registered number: 12342205)

Balance Sheet - continued
30 June 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 29 November 2024 and were signed on its behalf by:




Mr R I Daniels - Director



Mr M C Murphy - Director


Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 June 2024

1. STATUTORY INFORMATION

Central MEP 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 10% on cost

Taxation
Taxation for the period 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 period 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.

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
These financial statements have been prepared on the going concern basis.

The directors are confident the business will be profitable going forwards and return to a net asset position. The company has positive cashflow and the directors believe it is able to pay its debts as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 20,000
Additions 43,841
At 30 June 2024 63,841
DEPRECIATION
At 1 January 2023 667
Charge for period 6,790
At 30 June 2024 7,457
NET BOOK VALUE
At 30 June 2024 56,384
At 31 December 2022 19,333

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
Additions 17,661
At 30 June 2024 17,661
DEPRECIATION
Charge for period 3,242
At 30 June 2024 3,242
NET BOOK VALUE
At 30 June 2024 14,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Trade debtors 578,128 106,358
Other debtors 173,726 251,314
751,854 357,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Bank loans and overdrafts 652,000 317,255
Hire purchase contracts 5,645 -
Trade creditors 347,053 12,163
Taxation and social security 32,863 231
Other creditors 46,821 114,447
1,084,382 444,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£ £
Hire purchase contracts 9,970 -

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£ £
Bank loans 652,000 -
Hire purchase contracts 15,615 -
667,615 -

The bank loan is secured against the directors private properties.

The hire purchase is secured against the asset it relates to.

9. PROVISIONS FOR LIABILITIES
2024 2022
£ £
Deferred tax 7,653 -

Deferred tax
£
Provided during period 7,653
Balance at 30 June 2024 7,653

10. BAD DEBTS

During the year, Central MEP Ltd wrote off £247,143 in bad debts.