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REGISTERED NUMBER: 08503155 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MPL Contact Limited

MPL Contact Limited (Registered number: 08503155)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPL Contact Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S Menhennet
Mr M S Menhennet





REGISTERED OFFICE: Pinfold House
Talbot Street
Nottingham
NG1 5GL





REGISTERED NUMBER: 08503155 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

MPL Contact Limited (Registered number: 08503155)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,905 162,968
70,905 162,968

CURRENT ASSETS
Debtors 6 929,255 710,718
Cash at bank 7,090 4,673
936,345 715,391
CREDITORS
Amounts falling due within one year 7 334,349 688,023
NET CURRENT ASSETS 601,996 27,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

672,901

190,336

PROVISIONS FOR LIABILITIES 17,726 -
NET ASSETS 655,175 190,336

CAPITAL AND RESERVES
Called up share capital 8 1,003 1,003
Retained earnings 654,172 189,333
SHAREHOLDERS' FUNDS 655,175 190,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MPL Contact Limited (Registered number: 08503155)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mrs S Menhennet - Director


MPL Contact Limited (Registered number: 08503155)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MPL Contact 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

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

MPL Contact Limited (Registered number: 08503155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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 26 (2023 - 126 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,498,859
AMORTISATION
At 1 April 2023
and 31 March 2024 1,498,859
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 68,392 606,186 674,578
Additions 1,680 - 1,680
At 31 March 2024 70,072 606,186 676,258
DEPRECIATION
At 1 April 2023 67,736 443,874 511,610
Charge for year 677 93,066 93,743
At 31 March 2024 68,413 536,940 605,353
NET BOOK VALUE
At 31 March 2024 1,659 69,246 70,905
At 31 March 2023 656 162,312 162,968

MPL Contact Limited (Registered number: 08503155)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 378,766 539,917
Amounts owed by group undertakings 414,771 -
Other debtors 3,327 2,499
Tax 127,648 127,648
Deferred tax asset - 30,395
Prepayments and accrued income 4,743 10,259
929,255 710,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,700 34,315
Amounts owed to group undertakings - 288,525
Tax 99,672 -
Social security and other taxes 69,604 82,556
Other creditors 141,704 270,220
Accruals and deferred income 12,669 12,407
334,349 688,023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
1,002 1,002

9. RELATED PARTY DISCLOSURES

The balance on interest free loans provided from companies under common control amounted to £414,771. (2023:Owed by £288,525).