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REGISTERED NUMBER: 05745999 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MMP Bath Limited

MMP Bath Limited (Registered number: 05745999)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MMP Bath Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D J A Ghent





SECRETARY: Mrs A Ghent





REGISTERED OFFICE: Unit 2 Pines Way Industrial Estate
Ivo Peters Way
Bath
Somerset
BA2 3QS





REGISTERED NUMBER: 05745999 (England and Wales)

MMP Bath Limited (Registered number: 05745999)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 11,750
Tangible assets 5 145,844 130,495
154,844 142,245

CURRENT ASSETS
Stocks 12,668 12,423
Debtors 6 122,304 132,416
Cash at bank and in hand 13,880 45,858
148,852 190,697
CREDITORS
Amounts falling due within one year 7 114,558 149,458
NET CURRENT ASSETS 34,294 41,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,138

183,484

CREDITORS
Amounts falling due after more than one
year

8

(70,643

)

(94,755

)

PROVISIONS FOR LIABILITIES (27,345 ) (16,487 )
NET ASSETS 91,150 72,242

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,050 72,142
SHAREHOLDERS' FUNDS 91,150 72,242

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 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.

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 director and authorised for issue on 12 November 2024 and were signed by:



D J A Ghent - Director


MMP Bath Limited (Registered number: 05745999)

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

1. STATUTORY INFORMATION

MMP Bath 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill being the amount paid in connection with the acquisition of a business, which is being amortised over its estimated useful life of 20 years.

Franchise fee
Amortisation is calculated so as to write off the cost of the asset, less its estimated residual value, over the useful economic life of the asset, which is over 1 year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 20% on straight line basis
Plant and machinery - Nil
Fixtures and fittings - 10% on straight line basis
Computer equipment - 33% on straight line basis

All fixed assets are initially recorded at cost.

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.

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.

MMP Bath Limited (Registered number: 05745999)

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
Goodwill fee Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 55,000 2,948 57,948
AMORTISATION
At 1 April 2023 43,250 2,948 46,198
Amortisation for year 2,750 - 2,750
At 31 March 2024 46,000 2,948 48,948
NET BOOK VALUE
At 31 March 2024 9,000 - 9,000
At 31 March 2023 11,750 - 11,750

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 30,910 208,194 21,293 39,053 299,450
Additions - 44,940 459 11,601 57,000
Disposals - - (10,053 ) - (10,053 )
At 31 March 2024 30,910 253,134 11,699 50,654 346,397
DEPRECIATION
At 1 April 2023 6,440 112,326 18,784 31,405 168,955
Charge for year 5,152 28,090 712 7,697 41,651
Eliminated on disposal - - (10,053 ) - (10,053 )
At 31 March 2024 11,592 140,416 9,443 39,102 200,553
NET BOOK VALUE
At 31 March 2024 19,318 112,718 2,256 11,552 145,844
At 31 March 2023 24,470 95,868 2,509 7,648 130,495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,054 78,093
Other debtors 46,250 54,323
122,304 132,416

MMP Bath Limited (Registered number: 05745999)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 15,110 5,110
Trade creditors 44,784 100,451
Taxation and social security 14,238 6,182
Other creditors 10,426 7,715
114,558 149,458

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 48,623 78,573
Hire purchase contracts 22,020 16,182
70,643 94,755

9. RELATED PARTY DISCLOSURES

During the year dividends of £45,249 (2023: £50,301) were paid to the director, D J A Ghent and his wife.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J A Ghent.