IRIS Accounts Production v24.3.0.553 08875728 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088757282023-04-30088757282024-04-30088757282023-05-012024-04-30088757282022-04-30088757282022-05-012023-04-30088757282023-04-3008875728ns15:EnglandWales2023-05-012024-04-3008875728ns14:PoundSterling2023-05-012024-04-3008875728ns10:Director12023-05-012024-04-3008875728ns10:Director22023-05-012024-04-3008875728ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008875728ns10:SmallEntities2023-05-012024-04-3008875728ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008875728ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008875728ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008875728ns10:FullAccounts2023-05-012024-04-3008875728ns10:RegisteredOffice2023-05-012024-04-3008875728ns5:CurrentFinancialInstruments2024-04-3008875728ns5:CurrentFinancialInstruments2023-04-3008875728ns5:ShareCapital2024-04-3008875728ns5:ShareCapital2023-04-3008875728ns5:RetainedEarningsAccumulatedLosses2024-04-3008875728ns5:RetainedEarningsAccumulatedLosses2023-04-3008875728ns5:PlantMachinery2023-05-012024-04-3008875728ns5:PlantMachinery2023-04-3008875728ns5:PlantMachinery2024-04-3008875728ns5:PlantMachinery2023-04-3008875728ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008875728ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 08875728 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 April 2024

for

MV Reinforcement Ltd

MV Reinforcement Ltd (Registered number: 08875728)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MV Reinforcement Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Miss P J McGuire
Miss L St Pierre





REGISTERED OFFICE: Finance House
20/21 Aviation Way
Southend on Sea
Essex
SS2 6UN





REGISTERED NUMBER: 08875728 (England and Wales)






MV Reinforcement Ltd (Registered number: 08875728)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,363 6,618

CURRENT ASSETS
Debtors 5 577,156 686,434
Cash at bank 17 17
577,173 686,451
CREDITORS
Amounts falling due within one year 6 550,051 675,065
NET CURRENT ASSETS 27,122 11,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,485

18,004

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 32,483 18,002
SHAREHOLDERS' FUNDS 32,485 18,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:



Miss P J McGuire - Director



Miss L St Pierre - Director


MV Reinforcement Ltd (Registered number: 08875728)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MV Reinforcement 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.

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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

MV Reinforcement Ltd (Registered number: 08875728)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 19,482
Additions 555
At 30 April 2024 20,037
DEPRECIATION
At 1 May 2023 12,864
Charge for year 1,810
At 30 April 2024 14,674
NET BOOK VALUE
At 30 April 2024 5,363
At 30 April 2023 6,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 541,806 676,556
Other debtors 35,350 9,878
577,156 686,434

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 39,922 50,478
Taxation and social security 485,770 608,083
Other creditors 24,359 16,504
550,051 675,065

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of V & B Holdings Limited, a company registered in England and Wales.