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REGISTERED NUMBER: 08008964 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

MPL Fabrications Limited

MPL Fabrications Limited (Registered number: 08008964)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MPL Fabrications Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P J Duffy
K R Duffy





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 08008964 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

MPL Fabrications Limited (Registered number: 08008964)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 272,093 237,095

CURRENT ASSETS
Stocks 122,411 94,724
Debtors 5 153,084 120,333
Cash at bank 204,414 358,368
479,909 573,425
CREDITORS
Amounts falling due within one year 6 289,028 293,286
NET CURRENT ASSETS 190,881 280,139
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,974

517,234

CREDITORS
Amounts falling due after more than one
year

7

(100,551

)

(131,688

)

PROVISIONS FOR LIABILITIES (68,023 ) (59,275 )
NET ASSETS 294,400 326,271

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 294,300 326,171
294,400 326,271

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.

MPL Fabrications Limited (Registered number: 08008964)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





K R Duffy - Director


MPL Fabrications Limited (Registered number: 08008964)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

MPL Fabrications 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 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

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 Statement of Income and Retained Earnings, 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.

MPL Fabrications Limited (Registered number: 08008964)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

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

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 15 (2024 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2024 - 249,619 2,091
Additions 1,047 50,853 1,496
Disposals - (3,773 ) -
At 31 March 2025 1,047 296,699 3,587
DEPRECIATION
At 1 April 2024 - 54,134 880
Charge for year - 35,299 378
Eliminated on disposal - (2,694 ) -
At 31 March 2025 - 86,739 1,258
NET BOOK VALUE
At 31 March 2025 1,047 209,960 2,329
At 31 March 2024 - 195,485 1,211

MPL Fabrications Limited (Registered number: 08008964)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 47,503 18,106 317,319
Additions 28,947 3,476 85,819
Disposals - - (3,773 )
At 31 March 2025 76,450 21,582 399,365
DEPRECIATION
At 1 April 2024 8,482 16,728 80,224
Charge for year 12,429 1,636 49,742
Eliminated on disposal - - (2,694 )
At 31 March 2025 20,911 18,364 127,272
NET BOOK VALUE
At 31 March 2025 55,539 3,218 272,093
At 31 March 2024 39,021 1,378 237,095

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 109,977 27,995 137,972
Additions - 27,047 27,047
Reclassification/transfer - 19,508 19,508
At 31 March 2025 109,977 74,550 184,527
DEPRECIATION
At 1 April 2024 23,508 1,166 24,674
Charge for year 11,919 12,290 24,209
Reclassification/transfer 7,011 7,316 14,327
At 31 March 2025 42,438 20,772 63,210
NET BOOK VALUE
At 31 March 2025 67,539 53,778 121,317
At 31 March 2024 86,469 26,829 113,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 130,170 99,273
Other debtors 22,914 21,060
153,084 120,333

MPL Fabrications Limited (Registered number: 08008964)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,419 10,162
Hire purchase contracts (see note 8) 46,172 41,909
Trade creditors 77,105 58,912
Taxation and social security 32,314 35,744
Other creditors 123,018 146,559
289,028 293,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,531 -
Hire purchase contracts (see note 8) 97,020 117,738
Other creditors - 13,950
100,551 131,688

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 46,172 41,909
Between one and five years 97,020 117,738
143,192 159,647

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 143,192 159,647

The hire purchase creditor is secured on the asset purchased under the agreement.

MPL Fabrications Limited (Registered number: 08008964)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
K R Duffy and P J Duffy
Balance outstanding at start of year (113,534 ) (141,534 )
Amounts advanced 22,992 30,000
Amounts repaid (2,000 ) (2,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (92,542 ) (113,534 )

The above amount owed to the directors by the company is charged interest and has no set terms of repayment.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of them owning the shareholdings of the company in its entirety.