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Registered number: 11292472

MFGrips Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MFGrips Limited

ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
DIRECTORS
M S Farrell
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11292472
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MFGrips Limited

ACCOUNTS
FOR THEYEARENDED30 APRIL 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MFGrips Limited

BALANCE SHEET AT 30 April 2024
20242023
Notes££
FIXED ASSETS
Tangible assets38,0117,928
CURRENT ASSETS
Debtors427,34223,041
27,34223,041
CREDITORS: Amounts falling due within one year535,17230,641
NET CURRENT LIABILITIES(7,830)(7,600)
TOTAL ASSETS LESS CURRENT LIABILITIES181328
CAPITAL AND RESERVES
Called up share capital6100100
Profit and loss account81228
SHAREHOLDERS' FUNDS181328
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27 January 2025 and signed on their behalf by
.............................
M S Farrell
Director

MFGrips Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Commercial Vehiclesreducing balance20%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Turnover
Turnover is derived from motion pircture production services supplied by the company and is recognised when services are rendered.
1e. Statutory Information
MFGrips Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 11292472 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.
1f. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.

MFGrips Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 1 May 202317,9084,50022,408
Additions2,120-2,120
At 30 April 202420,0284,50024,528
Depreciation
At 1 May 202311,9772,50314,480
For the year1,6383992,037
At 30 April 202413,6152,90216,517
Net Book Amounts
At 30 April 20246,4131,5988,011
At 30 April 20235,9311,9977,928
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors3,0231,102
Other debtors6,3395,709
Directors current account17,98016,230
27,34223,041
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security29,60625,915
Bank loans and overdrafts869869
Accruals4,6973,857
35,17230,641

MFGrips Limited

6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
7. RELATED PARTY TRANSACTIONS
At the balance sheet date, a director of the company, had advances of loans of £17,980 (Last Year £16,230). The maximum amount advanced in the year was £17,980.Interest was charged at 2.25% p.a.