Company Registration No. 14214423 (England and Wales)
MEP LAB ENGINEERING LTD
Unaudited accounts
for the year ended 31 July 2024
MEP LAB ENGINEERING LTD
Unaudited accounts
Contents
MEP LAB ENGINEERING LTD
Company Information
for the year ended 31 July 2024
Directors
Aleksandar GEORGIEV
Svetlin STOYANOV
Venizelou VENIZELOS
Company Number
14214423 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
Accountants
Delmar Accounting Limited
20-22 Wenlock Road
London
N1 7GU
MEP LAB ENGINEERING LTD
Statement of financial position
as at 31 July 2024
Tangible assets
71,690
33,116
Cash at bank and in hand
319,325
260,754
Creditors: amounts falling due within one year
(251,774)
(186,443)
Net current assets
272,902
161,642
Total assets less current liabilities
344,592
194,758
Creditors: amounts falling due after more than one year
(12,157)
(26,775)
Net assets
332,435
167,983
Called up share capital
42,000
42,000
Profit and loss account
290,435
125,983
Shareholders' funds
332,435
167,983
For the year ending 31 July 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by
Aleksandar GEORGIEV
Director
Company Registration No. 14214423
MEP LAB ENGINEERING LTD
Notes to the Accounts
for the year ended 31 July 2024
MEP LAB ENGINEERING LTD is a private company, limited by shares, registered in England and Wales, registration number 14214423. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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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:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
1,665
36,312
3,322
41,299
Additions
-
53,286
2,764
56,050
At 31 July 2024
1,665
89,598
6,086
97,349
At 1 August 2023
549
6,537
1,097
8,183
Charge for the year
368
14,951
2,157
17,476
At 31 July 2024
917
21,488
3,254
25,659
At 31 July 2024
748
68,110
2,832
71,690
At 31 July 2023
1,116
29,775
2,225
33,116
MEP LAB ENGINEERING LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
203,351
85,581
Accrued income and prepayments
2,000
1,750
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
70,097
87,547
Taxes and social security
79,144
56,183
Loans from directors
12,997
-
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,157
26,775
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Average number of employees
During the year the average number of employees was 3 (2023: 3).