Company registration number 04278104 (England and Wales)
MPE APPLIED TECHNOLOGIES LIMITED
Unaudited Financial Statements
for the Year Ended 31 August 2024
MPE APPLIED TECHNOLOGIES LIMITED
CONTENTS
Page
Company Information
1
Balance sheet
2
Notes to the financial statements
3 - 4
MPE APPLIED TECHNOLOGIES LIMITED
Company Information
- 1 -
Directors
Mr C J Owen
Mrs C J Williams
Secretary
Mrs C J Williams
Company number
04278104
Registered office
St Davids House
48 Free Street
Brecon
Powys
UK
LD3 7BN
Accountants
Mitchell Associates Limited
St Davids House
48 Free Street
Brecon
Powys
UK
LD3 7BN
MPE APPLIED TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
-
0
66
Cash at bank and in hand
3,523
4,251
3,523
4,317
Creditors: amounts falling due within one year
4
(8,487)
(9,033)
Net current liabilities
(4,964)
(4,716)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,064)
(4,816)
Total equity
(4,964)
(4,716)

For the financial year ended 31 August 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 in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
Mrs C J Williams
Director
Company registration number 04278104 (England and Wales)
MPE APPLIED TECHNOLOGIES LIMITED
Notes to the Financial Statements
For the Year Ended 31 August 2024
- 3 -
1
Accounting policies
Company information

Mpe Applied Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Davids House, 48 Free Street, Brecon, Powys, UK, LD3 7BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net current liabilities of £true4,964 (2023 - £4,716). The directors are aware of the turnover and margins that the company needs to achieve in order to keep the company in profit and they believe these targets can be met. The directors review realistic objectives at regular intervals, based on this periodic review and the company's plans, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

MPE APPLIED TECHNOLOGIES LIMITED
Notes to the Financial Statements
For the Year Ended 31 August 2024
1
Accounting policies
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 and 31 August 2024
11,046
Depreciation and impairment
At 1 September 2023 and 31 August 2024
11,046
Carrying amount
At 31 August 2024
-
0
At 31 August 2023
-
0
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,407
7,407
Other creditors
1,080
1,626
8,487
9,033
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