Company Registration No. NI640258 (Northern Ireland)
MP Safety Ltd
Unaudited accounts
for the year ended 31 August 2024
MP Safety Ltd
Unaudited accounts
Contents
MP Safety Ltd
Company Information
for the year ended 31 August 2024
Company Number
NI640258 (Northern Ireland)
Registered Office
43 Tullyah Road
Belleeks
NEWRY
County Down
BT35 7QP
United Kingdom
MP Safety Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
73,973
50,374
Cash at bank and in hand
97,089
93,341
Creditors: amounts falling due within one year
(98,357)
(89,922)
Net current assets
4,030
9,006
Total assets less current liabilities
78,003
59,380
Creditors: amounts falling due after more than one year
(26,926)
(32,446)
Called up share capital
3
3
Profit and loss account
51,074
26,931
Shareholders' funds
51,077
26,934
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 January 2025 and were signed on its behalf by
Paul McParland
Director
Company Registration No. NI640258
MP Safety Ltd
Notes to the Accounts
for the year ended 31 August 2024
MP Safety Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI640258. The registered office is 43 Tullyah Road, Belleeks, NEWRY, County Down, BT35 7QP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Strainght Line
Fixtures & fittings
12.5% Straight Line
4
Tangible fixed assets
Total
At 1 September 2023
95,136
At 1 September 2023
44,762
Charge for the year
27,918
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).