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REGISTERED NUMBER: 08023502 (England and Wales)















MPC SYSTEMS (NORTH) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025










Page

Abridged Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

ABRIDGED BALANCE SHEET
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 336,816 326,559

CURRENT ASSETS
Stocks 269,616 863,654
Debtors 917,525 1,900,909
Cash at bank 1,537,246 514,862
2,724,387 3,279,425
CREDITORS
Amounts falling due within one year (1,049,672 ) (2,484,848 )
NET CURRENT ASSETS 1,674,715 794,577
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,011,531

1,121,136

CREDITORS
Amounts falling due after more than one
year

(2,719

)

(21,074

)

PROVISIONS FOR LIABILITIES 5 (81,953 ) (78,849 )
NET ASSETS 1,926,859 1,021,213

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,926,855 1,021,209
SHAREHOLDERS' FUNDS 1,926,859 1,021,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

ABRIDGED BALANCE SHEET - continued
31 March 2025



The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





Mr J Wright - Director


MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025


1. STATUTORY INFORMATION

MPC Systems (North) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08023502

Registered office: Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

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.


MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued
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
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.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred 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 12 (2024 - 11 ) .

MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2024 483,185
Additions 198,021
Disposals (97,392 )
At 31 March 2025 583,814
DEPRECIATION
At 1 April 2024 156,626
Charge for year 119,579
Eliminated on disposal (29,207 )
At 31 March 2025 246,998
NET BOOK VALUE
At 31 March 2025 336,816
At 31 March 2024 326,559

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2024 113,946
Transfer to ownership (93,216 )
At 31 March 2025 20,730
DEPRECIATION
At 1 April 2024 35,073
Charge for year 2,672
Transfer to ownership (25,031 )
At 31 March 2025 12,714
NET BOOK VALUE
At 31 March 2025 8,016
At 31 March 2024 78,873

5. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 81,953 78,849

MPC SYSTEMS (NORTH) LIMITED (REGISTERED NUMBER: 08023502)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


5. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 78,849
accelerated capital allowances 3,104
Balance at 31 March 2025 81,953

6. OTHER FINANCIAL COMMITMENTS

The company has £65,856 (2023: £9,413) of non cancellable lease commitments not disclosed on the balance sheet.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year loans were advanced to the directors which totalled £181,488 (2024: £Nil) at the year end. Interest was charged on the loans at a rate of 2.25% per annum and are repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by J & L Wright.