Company Registration No. 10968788 (England and Wales)
MCP Car Painting Ltd
Unaudited accounts
for the year ended 31 August 2024
MCP Car Painting Ltd
Unaudited accounts
Contents
MCP Car Painting Ltd
Company Information
for the year ended 31 August 2024
Company Number
10968788 (England and Wales)
Registered Office
118 Highgate Street
Cradley Heath
Birmingham
B64 5RU
MCP Car Painting Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
5,209
4,724
Cash at bank and in hand
1,450
1,202
Creditors: amounts falling due within one year
(32,051)
(19,206)
Net current assets
7,815
10,466
Total assets less current liabilities
13,024
15,190
Creditors: amounts falling due after more than one year
(4,368)
(6,948)
Called up share capital
1
1
Profit and loss account
8,655
8,241
Shareholders' funds
8,656
8,242
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 6 May 2025 and were signed on its behalf by
Andris Jusins
Director
Company Registration No. 10968788
MCP Car Painting Ltd
Notes to the Accounts
for the year ended 31 August 2024
MCP Car Painting Ltd is a private company, limited by shares, registered in England and Wales, registration number 10968788. The registered office is 118 Highgate Street, Cradley Heath, Birmingham, B64 5RU.
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.
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:
Plant & machinery
20% p.a. on a reducing balance basis
Motor vehicles
20% p.a. on a reducing balance basis
Fixtures & fittings
25% p.a. on a reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
7,421
2,350
1,659
11,430
At 31 August 2024
7,421
2,350
3,241
13,012
At 1 September 2023
4,383
1,388
935
6,706
Charge for the year
608
193
296
1,097
At 31 August 2024
4,991
1,581
1,231
7,803
At 31 August 2024
2,430
769
2,010
5,209
At 31 August 2023
3,038
962
724
4,724
MCP Car Painting Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
-
350
Amounts falling due after more than one year
Accrued income and prepayments
269
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
4,124
5,539
Taxes and social security
82
2,970
Loans from directors
26,325
10,643
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).