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REGISTERED NUMBER: 02492487 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

MP Accounting Limited

MP Accounting Limited (Registered number: 02492487)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MP Accounting Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: S.J Price
Mrs N Budgen





SECRETARY: MP Secretaries Limited





REGISTERED OFFICE: Old Gun Court
North Street
Dorking
Surrey
RH4 1DE





REGISTERED NUMBER: 02492487 (England and Wales)





ACCOUNTANTS: Mapperson Price, Chartered Accountants
Suite C
2 North Street
Dorking
Surrey
RH4 1DN

MP Accounting Limited (Registered number: 02492487)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,528 3,439

CURRENT ASSETS
Stocks 6,416 19,625
Debtors 5 85,773 72,674
Cash at bank 5,556 2,342
97,745 94,641
CREDITORS
Amounts falling due within one year 6 86,501 92,181
NET CURRENT ASSETS 11,244 2,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,772

5,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,672 5,799
SHAREHOLDERS' FUNDS 13,772 5,899

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





S.J Price - Director


MP Accounting Limited (Registered number: 02492487)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

MP Accounting 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MP Accounting Limited (Registered number: 02492487)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 24,199
DEPRECIATION
At 1 October 2023 20,760
Charge for year 911
At 30 September 2024 21,671
NET BOOK VALUE
At 30 September 2024 2,528
At 30 September 2023 3,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 53,409 42,493
Other debtors 32,364 30,181
85,773 72,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 970 1,880
Taxation and social security 40,838 33,808
Other creditors 44,693 56,493
86,501 92,181

Other creditors include loans from the shareholders with no fixed repayment term.