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M & P (RUGBY) LIMITED

Registered Number
07682088
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

M & P (RUGBY) LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

HOBBS, Paul Vincent
SERCOMBE, Martin James

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

07682088 (England and Wales)
M & P (RUGBY) LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets424,48519,483
24,48519,483
Current assets
Stocks519,60011,900
Debtors654,72858,413
Cash at bank and on hand-1,444
74,32871,757
Creditors amounts falling due within one year7(67,315)(75,536)
Net current assets (liabilities)7,013(3,779)
Total assets less current liabilities31,49815,704
Creditors amounts falling due after one year8(5,253)(10,499)
Provisions for liabilities10(6,121)(3,507)
Net assets20,1241,698
Capital and reserves
Called up share capital100100
Profit and loss account20,0241,598
Shareholders' funds20,1241,698
The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2025, and are signed on its behalf by:
SERCOMBE, Martin James
Director
Registered Company No. 07682088
M & P (RUGBY) LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
M & P (Rugby) Limited 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.
Statement of compliance
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee 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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery2510
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20242023
Average number of employees during the year87
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 July 2371,61171,611
Additions11,25011,250
Disposals(19,000)(19,000)
At 30 June 2463,86163,861
Depreciation and impairment
At 01 July 2352,12852,128
Charge for year5,6025,602
On disposals(18,354)(18,354)
At 30 June 2439,37639,376
Net book value
At 30 June 2424,48524,485
At 30 June 2319,48319,483
5.Stocks

2024

2023

££
Raw materials and consumables19,60011,900
Total19,60011,900
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables53,29157,499
Other debtors1,437914
Total54,72858,413
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables38,32851,260
Bank borrowings and overdrafts18,1914,874
Taxation and social security8,36013,920
Finance lease and HP contracts-1,947
Other creditors2,4363,535
Total67,31575,536
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,25310,499
Total5,25310,499
9.Obligations under finance leases
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)6,1213,507
Total6,1213,507