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REGISTERED NUMBER: 12342205 (England and Wales)

















Unaudited Financial Statements

for the Period 1 July 2024 to 31 December 2024

for

Central MEP Ltd

Central MEP Ltd (Registered number: 12342205)






Contents of the Financial Statements
for the Period 1 July 2024 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central MEP Ltd

Company Information
for the Period 1 July 2024 to 31 December 2024







DIRECTORS: Mr M C Murphy
Mr R I Daniels





REGISTERED OFFICE: Units 13/14 Matrix @ Dinnington Business
Centre
Nobel Way
Dinnington
Sheffield
S25 3QB





REGISTERED NUMBER: 12342205 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Central MEP Ltd (Registered number: 12342205)

Balance Sheet
31 December 2024

2024 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 52,538 56,384

CURRENT ASSETS
Debtors 5 1,116,835 751,854
Cash at bank 68,309 72,265
1,185,144 824,119
CREDITORS
Amounts falling due within one year 6 1,155,365 1,084,382
NET CURRENT ASSETS/(LIABILITIES) 29,779 (260,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES 82,317 (203,879 )

CREDITORS
Amounts falling due after more than one year 7 (13,950 ) (9,970 )

PROVISIONS FOR LIABILITIES 9 (9,231 ) (7,653 )
NET ASSETS/(LIABILITIES) 59,136 (221,502 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,036 (221,602 )
59,136 (221,502 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Central MEP Ltd (Registered number: 12342205)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:




Mr R I Daniels - Director



Mr M C Murphy - Director


Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements
for the Period 1 July 2024 to 31 December 2024

1. STATUTORY INFORMATION

Central MEP 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the period 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 period 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.

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 July 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2024 63,841
Additions 250
At 31 December 2024 64,091
DEPRECIATION
At 1 July 2024 7,457
Charge for period 4,096
At 31 December 2024 11,553
NET BOOK VALUE
At 31 December 2024 52,538
At 30 June 2024 56,384

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 July 2024 to 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 July 2024 17,661
Reclassification/transfer 5,495
At 31 December 2024 23,156
DEPRECIATION
At 1 July 2024 3,242
Charge for period 1,989
Reclassification/transfer 184
At 31 December 2024 5,415
NET BOOK VALUE
At 31 December 2024 17,741
At 30 June 2024 14,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Trade debtors 763,678 578,128
Other debtors 353,157 173,726
1,116,835 751,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Bank loans and overdrafts 637,500 652,000
Hire purchase contracts 6,096 5,645
Trade creditors 328,363 347,053
Taxation and social security 141,387 32,863
Other creditors 42,019 46,821
1,155,365 1,084,382

Central MEP Ltd (Registered number: 12342205)

Notes to the Financial Statements - continued
for the Period 1 July 2024 to 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2024
£ £
Hire purchase contracts 13,950 9,970

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£ £
Bank loans 637,500 652,000
Hire purchase contracts 20,046 15,615
657,546 667,615

The bank loan is secured against the directors private properties.

The hire purchase is secured against the asset it relates to.

9. PROVISIONS FOR LIABILITIES
2024 2024
£ £
Deferred tax 9,231 7,653

Deferred tax
£
Balance at 1 July 2024 7,653
Provided during period 1,578
Balance at 31 December 2024 9,231

10. BAD DEBTS

During the period Central MEP Ltd wrote off £34,311 (2024: £247,143) in bad debts.