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REGISTERED NUMBER: 03816558 (England and Wales)















M & P TRANSMISSIONS (UK) LIMITED

Unaudited Financial Statements for the Period 1 April 2024 to 31 December 2024






M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Contents of the Financial Statements
for the Period 1 April 2024 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

M & P TRANSMISSIONS (UK) LIMITED

Company Information
for the Period 1 April 2024 to 31 December 2024







DIRECTORS: Mr M Hopson
Mr A M Hopson





SECRETARY: Mr A M Hopson





REGISTERED OFFICE: Unit 4
Bilston Industrial Estate
Oxford Street
Bilston
West Midlands
WV14 7EG





REGISTERED NUMBER: 03816558 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Balance Sheet
31 December 2024

31.12.24 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,234 43,156

CURRENT ASSETS
Stocks 11,300 12,669
Debtors 5 57,386 72,189
Cash at bank and in hand 137,538 170,756
206,224 255,614
CREDITORS
Amounts falling due within one year 6 152,128 158,573
NET CURRENT ASSETS 54,096 97,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,330

140,197

CREDITORS
Amounts falling due after more than one
year

7

(14,000

)

(23,000

)

PROVISIONS FOR LIABILITIES (8,917 ) (4,781 )
NET ASSETS 89,413 112,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 89,313 112,316
SHAREHOLDERS' FUNDS 89,413 112,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





Mr M Hopson - Director


M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 December 2024


1. STATUTORY INFORMATION

M & P Transmissions (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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised when goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% Straight Line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 period was 10 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 15,733 27,187 84,667 8,385 135,972
Additions 400 3,007 23,584 - 26,991
At 31 December 2024 16,133 30,194 108,251 8,385 162,963
DEPRECIATION
At 1 April 2024 7,154 19,970 59,862 5,830 92,816
Charge for period 673 1,149 9,073 1,018 11,913
At 31 December 2024 7,827 21,119 68,935 6,848 104,729
NET BOOK VALUE
At 31 December 2024 8,306 9,075 39,316 1,537 58,234
At 31 March 2024 8,579 7,217 24,805 2,555 43,156

M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 December 2024 60,000
DEPRECIATION
At 1 April 2024 42,422
Charge for period 3,296
At 31 December 2024 45,718
NET BOOK VALUE
At 31 December 2024 14,282
At 31 March 2024 17,578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Trade debtors 44,628 63,324
Prepayments 12,758 8,865
57,386 72,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.3.24
£    £   
Bank loans and overdrafts 7,918 -
Hire purchase contracts 12,000 12,000
Trade creditors 65,731 81,209
Social security and other taxes 1,652 1,047
VAT 7,522 11,222
Other creditors 3,148 2,984
Pension creditor - 68
Directors' current accounts 45,636 45,688
Accrued expenses 8,521 4,355
152,128 158,573

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.3.24
£    £   
Hire purchase contracts 14,000 23,000

M & P TRANSMISSIONS (UK) LIMITED (REGISTERED NUMBER: 03816558)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 December 2024


8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors:

M Hopson £45,636 (31.03.24 £53,342).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Hopson.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M & P Transmissions (UK) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & P Transmissions (UK) Limited for the period ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M & P Transmissions (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & P Transmissions (UK) Limited and state those matters that we have agreed to state to the Board of Directors of M & P Transmissions (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & P Transmissions (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M & P Transmissions (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M & P Transmissions (UK) Limited. You consider that M & P Transmissions (UK) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of M & P Transmissions (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


15 July 2025