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REGISTERED NUMBER: 11894680 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

M & G VINCENT PEST CONTROL LTD

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)






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


M & G VINCENT PEST CONTROL LTD

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: G J Vincent
M O Vincent





REGISTERED OFFICE: 155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB





REGISTERED NUMBER: 11894680 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,300
Tangible assets 5 9,077 1,712
9,077 5,012

CURRENT ASSETS
Debtors 6 59,646 51,615
Cash at bank 1,858 4,379
61,504 55,994
CREDITORS
Amounts falling due within one year 7 63,939 54,338
NET CURRENT (LIABILITIES)/ASSETS (2,435 ) 1,656
TOTAL ASSETS LESS CURRENT LIABILITIES 6,642 6,668

CREDITORS
Amounts falling due after more than one
year

8

(4,091

)

(6,075

)

PROVISIONS FOR LIABILITIES (1,902 ) (230 )
NET ASSETS 649 363

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 549 263
SHAREHOLDERS' FUNDS 649 363

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.

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

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 2 September 2024 and were signed on its behalf by:





M O Vincent - Director


M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

M & G Vincent Pest Control 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 5 years
Motor vehicles - 25% on reducing balance

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.

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Going concern
Previous accounting periods were affected by the Coronavirus pandemic but the company has continued to recover and bounce back from this difficult trading period.

At the date of signing the company has continued trading with funds still in the company bank for day to day trading. The company still continues to do business with all of its customers, including the providers of the larger contracts, and looking ahead, the company doesn't expect this to change and company sales have increased post year end.

Also within the company assets, a large part of the asset consists of funds owed to the company from the directors, who have indicated that their support and repayment of the funds to the company will continue for the foreseeable future.

Based on the review undertaken and their continued support, the directors have an expectation that the company has adequate resources to continue in operational existence for the foreseeable future and are happy to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 16,500
AMORTISATION
At 1 April 2023 13,200
Amortisation for year 3,300
At 31 March 2024 16,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,300

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 785 5,591 6,376
Additions - 8,950 8,950
Disposals - (5,591 ) (5,591 )
At 31 March 2024 785 8,950 9,735
DEPRECIATION
At 1 April 2023 315 4,349 4,664
Charge for year 157 470 627
Eliminated on disposal - (4,633 ) (4,633 )
At 31 March 2024 472 186 658
NET BOOK VALUE
At 31 March 2024 313 8,764 9,077
At 31 March 2023 470 1,242 1,712

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,811
Other debtors 59,646 47,804
59,646 51,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,700 2,700
Trade creditors 9,068 6,798
Taxation and social security 50,147 43,140
Other creditors 2,024 1,700
63,939 54,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,091 6,075

M & G VINCENT PEST CONTROL LTD (REGISTERED NUMBER: 11894680)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M O Vincent
Balance outstanding at start of year 35,851 37,921
Amounts advanced 87,197 73,563
Amounts repaid (78,668 ) (75,633 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,380 35,851