1 September 2023 false No description of principal activity Taxfiler 2024.6 10968788business:PrivateLimitedCompanyLtd2023-09-012024-08-31 109687882023-08-31 109687882023-09-012024-08-31 10968788business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 10968788business:FilletedAccounts2023-09-012024-08-31 109687882024-08-31 10968788business:Director12023-09-012024-08-31 10968788business:RegisteredOffice2023-09-012024-08-31 109687882023-08-31 10968788core:WithinOneYear2024-08-31 10968788core:WithinOneYear2023-08-31 10968788core:AfterOneYear2024-08-31 10968788core:AfterOneYear2023-08-31 10968788core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 10968788core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10968788core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 10968788core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10968788core:PreviouslyStatedAmount2024-08-31 10968788core:PreviouslyStatedAmount2023-08-31 10968788business:SmallEntities2023-09-012024-08-31 10968788countries:EnglandWales2023-09-012024-08-31 10968788core:PlantMachinery2023-09-012024-08-31 10968788core:MotorVehicles2023-09-012024-08-31 10968788core:FurnitureFittings2023-09-012024-08-31 10968788core:PlantMachinery2023-08-31 10968788core:MotorVehicles2023-08-31 10968788core:FurnitureFittings2023-08-31 10968788core:PlantMachinery2024-08-31 10968788core:MotorVehicles2024-08-31 10968788core:FurnitureFittings2024-08-31 109687882022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
MCP Car Painting Ltd Company Information for the year ended 31 August 2024
Director
Andris Jusins
Company Number
10968788 (England and Wales)
Registered Office
118 Highgate Street Cradley Heath Birmingham B64 5RU
- 3 -
MCP Car Painting Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,209 
4,724 
Current assets
Inventories
33,335 
20,250 
Debtors
5,081 
8,220 
Cash at bank and in hand
1,450 
1,202 
39,866 
29,672 
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)
Net assets
8,656 
8,242 
Capital and reserves
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
- 4 -
MCP Car Painting Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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:
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 
Additions
- 
- 
1,582 
1,582 
At 31 August 2024
7,421 
2,350 
3,241 
13,012 
Depreciation
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 
Net book value
At 31 August 2024
2,430 
769 
2,010 
5,209 
At 31 August 2023
3,038 
962 
724 
4,724 
- 5 -
MCP Car Painting Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,446 
Accrued income and prepayments
- 
350 
- 
7,796 
Amounts falling due after more than one year
Trade debtors
4,462 
- 
Accrued income and prepayments
269 
- 
Other debtors
350 
424 
5,081 
424 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
46 
54 
Trade creditors
4,124 
5,539 
Taxes and social security
82 
2,970 
Other creditors
1,474 
- 
Loans from directors
26,325 
10,643 
32,051 
19,206 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,368 
6,948 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -