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Company Registration No. 6360656 (England and Wales)
MPS Marketing Services Ltd Unaudited accounts for the year ended 30 September 2024
MPS Marketing Services Ltd Unaudited accounts Contents
Page
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MPS Marketing Services Ltd Company Information for the year ended 30 September 2024
Directors
J R Pinches P L Turner C S Walton
Company Number
6360656 (England and Wales)
Registered Office
13 Cattlemarket Chew Road, Winford Bristol BS40 8HB
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MPS Marketing Services Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,560 
87,412 
Investments
1 
1 
89,561 
87,413 
Current assets
Inventories
9,800 
9,080 
Debtors
719,235 
984,329 
Cash at bank and in hand
562,853 
176,045 
1,291,888 
1,169,454 
Creditors: amounts falling due within one year
(515,917)
(256,666)
Net current assets
775,971 
912,788 
Total assets less current liabilities
865,532 
1,000,201 
Creditors: amounts falling due after more than one year
- 
(6,046)
Provisions for liabilities
Deferred tax
(13,615)
(13,720)
Net assets
851,917 
980,435 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
851,915 
980,433 
Shareholders' funds
851,917 
980,435 
For the year ending 30 September 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 4 June 2025 and were signed on its behalf by
C S Walton Director Company Registration No. 6360656
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MPS Marketing Services Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
MPS Marketing Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 6360656. The registered office is 13 Cattlemarket, Chew Road, Winford, Bristol, BS40 8HB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the special provisions in part 15 of the Companies Act 2006 and 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
Depreciation is calculated so as to write off the cost of tangible fixed assets, on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are: Leasehold Improvements: 10% Plant and Machinery: 10%-33% Motor Vehicles: 25% Computer equipment: 33%
Investments
Investments in subsidiary undertakings are stated at cost, less any provisions for impairment.
Stocks
Stocks are stated at the lower of cost and net realisable value. Provision is made for slow moving or obsolete items where appropriate.
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recornised initially at transaction price less attriburable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest rate method, less any impairment losses in the case of trade debtors.
Operating lease agreements
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against profits on a straight line basis over the period of the lease.
Taxation
UK Corporation tax payable is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred taxation is provided using the liability method on all timing differences which are expected to reverse in the future without being replaced, calculated at the rate at which it is anticipated the timing differences will reverse.
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MPS Marketing Services Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The Company makes contributions to money purchase pension schemes. The assets of the schemes are held separately from those of the Company in independently administered funds. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.
Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.
Turnover
Turnover represents the amounts invoiced for goods and services, stated net of value added tax. Turnover is derived solely within the United Kingdom.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Grant income is shown in the profit and loss account as other operating income.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
59,860 
451,044 
231,170 
56,899 
798,973 
Additions
- 
8,558 
55,990 
3,582 
68,130 
Disposals
- 
- 
(52,340)
- 
(52,340)
At 30 September 2024
59,860 
459,602 
234,820 
60,481 
814,763 
Depreciation
At 1 October 2023
46,806 
428,694 
185,240 
50,821 
711,561 
Charge for the year
3,896 
17,106 
35,667 
3,316 
59,985 
On disposals
- 
- 
(46,343)
- 
(46,343)
At 30 September 2024
50,702 
445,800 
174,564 
54,137 
725,203 
Net book value
At 30 September 2024
9,158 
13,802 
60,256 
6,344 
89,560 
At 30 September 2023
13,054 
22,350 
45,930 
6,078 
87,412 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
17,096 
45,930 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 October 2023
1 
Valuation at 30 September 2024
1 
The company owns 100% of the issued share capital of Yestor Investments Limited. Yestor Investments Limited is registered in the UK at the address shown in note 1. As the company is subject to the small companies regime, group accounts have not been prepared.
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MPS Marketing Services Ltd Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
248,866 
326,230 
Amounts due from group undertakings etc.
66,037 
113,190 
Accrued income and prepayments
38,755 
36,851 
Other debtors
365,577 
508,058 
719,235 
984,329 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
47,253 
19,914 
Obligations under finance leases and hire purchase contracts
6,046 
11,695 
Trade creditors
179,421 
120,740 
Taxes and social security
162,923 
37,373 
Other creditors
3,499 
99 
Accruals
116,775 
66,845 
515,917 
256,666 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
6,046 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 'A' Ordinary share of £1 each
1 
1 
1 'B' Ordinary share of £1 each
1 
1 
2 
2 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
211,050 
281,400 
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MPS Marketing Services Ltd Notes to the Accounts for the year ended 30 September 2024
11
Transactions with related parties
The principal shareholder, Mr R Fagnani, and his spouse are both shareholders in the Company and beneficiaries of the Fagnani Group SIPP. The Company pays rent to the Fagnani Group SIPP. The rent paid during the year was: £70,350 (2023: £70,350) The Company has made net advances of £131,500 (2023: £181,500) to its wholly owned subsidiary Yestor Investments Ltd. A cumulative provision of £65,463 (2023: £68,310) has been made against the recoverability of the loan. The net balance of £66,037 (2023: £113,190 is shown within Debtors - Amounts due from group undertakings. At the end of the year, a Loan of £341,977 (2023: £504,045) was due from Mr R Fagnani and his spouse, the principal shareholders, and is included in other debtors. Subsequent to the year end this loan was repaid.
12
Controlling party
The company is controlled by Mr R Fagnani, who owns the entire issued 'A' ordinary shares.
13
Average number of employees
During the year the average number of employees was 22 (2023: 21).
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