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REGISTERED NUMBER: 06665624 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MPCC (UK) LIMITED

MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPCC (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2024







DIRECTORS: T J Bray
J C Bray
E S Bray
C J Bray
A P Bray





REGISTERED OFFICE: Unit 1 & 2
Millshaw
Leeds
West Yorkshire
LS11 0LX





REGISTERED NUMBER: 06665624 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 105,706 185,444
105,706 185,444

CURRENT ASSETS
Stocks 1,571,065 1,721,617
Debtors 6 1,748,006 1,493,671
Cash at bank 795,055 969,484
4,114,126 4,184,772
CREDITORS
Amounts falling due within one year 7 1,467,754 1,320,207
NET CURRENT ASSETS 2,646,372 2,864,565
TOTAL ASSETS LESS CURRENT LIABILITIES 2,752,078 3,050,009

CREDITORS
Amounts falling due after more than
one year

8

(47,650

)

(126,961

)

PROVISIONS FOR LIABILITIES (26,426 ) (30,718 )
NET ASSETS 2,678,002 2,892,330

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 2,677,002 2,891,330
SHAREHOLDERS' FUNDS 2,678,002 2,892,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

BALANCE SHEET - continued
30 September 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





T J Bray - Director


MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

MPCC (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These 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 £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Motor vehicles - Straight line over 4 years

Stocks
Stocks are measured at the lower of cost and estimated selling price, after taking into account obsolete and slow moving items, less costs to complete and sell. Cost is determined using the first in first out method.

The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments.

Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 27 ) .

MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 136,732
AMORTISATION
At 1 October 2023
and 30 September 2024 136,732
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 172,944 19,776 304,567 497,287
Additions 45,884 - - 45,884
Disposals (2,560 ) (19,776 ) (150,694 ) (173,030 )
At 30 September 2024 216,268 - 153,873 370,141
DEPRECIATION
At 1 October 2023 137,342 419 174,082 311,843
Charge for year 21,991 (419 ) 57,018 78,590
Eliminated on disposal (90 ) - (125,908 ) (125,998 )
At 30 September 2024 159,243 - 105,192 264,435
NET BOOK VALUE
At 30 September 2024 57,025 - 48,681 105,706
At 30 September 2023 35,602 19,357 130,485 185,444

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,400,930 1,179,970
Amounts owed by group undertakings 48,543 -
Other debtors 298,533 313,701
1,748,006 1,493,671

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

MPCC (UK) LIMITED (REGISTERED NUMBER: 06665624)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 45,930 71,576
Trade creditors 714,249 795,931
Taxation and social security 193,674 349,694
Other creditors 513,901 103,006
1,467,754 1,320,207

Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 47,650 126,961

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £
450 Ordinary 1 450 450
100 Ordinary A 1 100 100
100 Ordinary B 1 100 100
75 Ordinary C 1 75 100
75 Ordinary D 1 75 100
100 Ordinary E 1 100 100
50 Ordinary F 1 50 50
25 Ordinary G 1 25 -
25 Ordinary H 1 25 -
1,000 1,000

10. RELATED PARTY DISCLOSURES

During the year the company incurred costs on behalf of MPCC Singapore PTE, a non-UK company controlled by Mr T J Bray, totalling £78,596 (2023 - £298,439) and recharged costs totalling £nil (2023 - £245,893). The total outstanding at 30 September 2024, was £nil (2023 - £316,416). Due to MPCC Singapore PTE ceasing to trade, a specific bad debt provision of £140,482 has been provided for, together with an Irrecoverable loan write off of £124,656.

During the year the company made purchases from Industrial and Fluid Power Products Ltd, a UK company owned by Mr T J Bray, Mr J C Bray and Mr E S Bray, totalling £5,400 (2023 - £nil) and offered loans totalling £15,000 (2023 - £nil). The total outstanding at 30 September 2024 was £9,600 (2023 - £nil). The outstanding balance is split over trade creditors and other debtors.

During the year the company made sales to MPCC UK Limited LLC, a non-UK company wholly owned by MPCC (UK) Limited, totalling £328,820 (2023 - £nil) and incurred costs on their behalf totalling £38,507 (2023 - £38,507). The total outstanding at 30 September 2024 was £407,737 (2023 - £nil). The outstanding balance is split over trade debtors and other debtors.