Registered Number:06667512 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
MM PO Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
MM PO Limited
Statement of Financial Position
2023
2024
154,933
154,933
2
Property, plant and equipment |
442,746
892,508
3
597,679
1,047,441
197,322
243,894
4
Trade and other receivables |
561,346
1,220,129
5
8,492
Cash and cash equivalents |
39,595
1,503,618
767,160
Trade and other payables: amounts falling due within one |
year |
(431,828)
(479,548)
6
335,332
1,024,070
Net current assets
Total assets less current liabilities |
1,621,749
1,382,773
Trade and other payables: amounts falling due after more |
than one year |
(151,586)
(341,694)
7
(54,056)
(52,635)
Provisions for liabilities |
1,225,999
Net assets
1,178,552
3
3
1,225,996
1,178,549
1,225,999
1,178,552
Shareholders' funds
For the year ended 31 March 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 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2024
MM PO Limited
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 17 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
MM PO Limited
Notes to the Financial Statements
Statutory Information
MM PO Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
06667512. |
Unit 4, Piccadily Plaza, Londis Store
Portland Street
Manchester
M1 4AL
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2024
MM PO Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
45,000
154,933
109,933
154,933
45,000
109,933
154,933
45,000
109,933
45,000
109,933
154,933
3. Property, plant and equipment |
Motor vehicles
1,113,009
14,475
476,417
10,200
611,917
12,392
1,074
11,318
-
-
-
-
(10,200)
(453,675)
(463,875)
-
487,735
15,549
661,526
158,242
Provision for depreciation and impairment |
220,501
13,638
198,283
8,580
-
Charge for year
6,859
745
6,114
-
-
(8,580)
-
-
(8,580)
-
218,780
14,383
204,397
-
-
158,242
-
283,338
1,166
442,746
611,917
1,620
278,134
837
892,508
2023
2024
243,894
197,322
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For the year ended 31 March 2024
MM PO Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
(56,332)
2,325
1,276,461
559,021
561,346
1,220,129
6. Trade and other payables: amounts falling due within one year |
2023
2024
7,885
23,108
338,994
265,880
Taxation and social security |
81,449
100,665
51,220
42,175
479,548
431,828
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
341,694
151,586
8. Related party transactions |
Included within other debtors is an amount of £847,755 due from other connected parties in which Maksud |
Matadar is a director and shareholder. The loan is interest free, unsecured and repayable on demand. |
9. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 20)
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