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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
Page
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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
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MEP LAB ENGINEERING LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,690 
33,116 
Current assets
Debtors
205,351 
87,331 
Cash at bank and in hand
319,325 
260,754 
524,676 
348,085 
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 
Capital and reserves
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
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MEP LAB ENGINEERING LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
33%
4
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 
Depreciation
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 
Net book value
At 31 July 2024
748 
68,110 
2,832 
71,690 
At 31 July 2023
1,116 
29,775 
2,225 
33,116 
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MEP LAB ENGINEERING LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
203,351 
85,581 
Accrued income and prepayments
2,000 
1,750 
205,351 
87,331 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
87,526 
42,713 
Trade creditors
70,097 
87,547 
Taxes and social security
79,144 
56,183 
Loans from directors
12,997 
- 
Accruals
2,010 
- 
251,774 
186,443 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,157 
26,775 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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