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REGISTERED NUMBER: 01994847 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M. P. E. ELECTRONICS LIMITED

M. P. E. ELECTRONICS LIMITED (REGISTERED NUMBER: 01994847)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M. P. E. ELECTRONICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S S Bennett
Mr P G Carter
Ms N Evans
Mr J Levy
Mr M D Simson
Mr F R George
Mr P Owen





REGISTERED OFFICE: Brambleside
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QQ





REGISTERED NUMBER: 01994847 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

M. P. E. ELECTRONICS LIMITED (REGISTERED NUMBER: 01994847)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,369 93,805

CURRENT ASSETS
Stocks 5 2,510,343 2,799,138
Debtors 6 1,525,404 2,588,218
Cash at bank and in hand 853,328 298,109
4,889,075 5,685,465
CREDITORS
Amounts falling due within one year 7 815,849 1,759,271
NET CURRENT ASSETS 4,073,226 3,926,194
TOTAL ASSETS LESS CURRENT LIABILITIES 4,489,595 4,019,999

PROVISIONS FOR LIABILITIES 78,407 -
NET ASSETS 4,411,188 4,019,999

CAPITAL AND RESERVES
Called up share capital 68,076 68,076
Capital redemption reserve 31,924 31,924
Retained earnings 4,311,188 3,919,999
SHAREHOLDERS' FUNDS 4,411,188 4,019,999

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

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

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 30 July 2025 and were signed on its behalf by:





Mr M D Simson - Director


M. P. E. ELECTRONICS LIMITED (REGISTERED NUMBER: 01994847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

M. P. E. Electronics 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.
Plant and machinery - 20% straight line
Fixtures and fittings - 20% straight line
Motor vehicles - 20% 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 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.

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 59 (2023 - 59 ) .

M. P. E. ELECTRONICS LIMITED (REGISTERED NUMBER: 01994847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,876,254 163,121 11,709 2,051,084
Additions 412,707 - - 412,707
At 31 December 2024 2,288,961 163,121 11,709 2,463,791
DEPRECIATION
At 1 January 2024 1,789,475 156,095 11,709 1,957,279
Charge for year 87,388 2,755 - 90,143
At 31 December 2024 1,876,863 158,850 11,709 2,047,422
NET BOOK VALUE
At 31 December 2024 412,098 4,271 - 416,369
At 31 December 2023 86,779 7,026 - 93,805

5. STOCKS
2024 2023
£    £   
Stocks 2,510,343 2,799,138

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,244,515 1,771,418
Amounts owed by group undertakings 94,334 75,050
Other debtors 186,555 733,877
1,525,404 2,580,345

Amounts falling due after more than one year:
Other debtors - 7,873

Aggregate amounts 1,525,404 2,588,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 133,166 991,045
Taxation and social security 206,668 509,385
Other creditors 476,015 258,841
815,849 1,759,271

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 156,485 92,500
Between one and five years 550,020 426,000
In more than five years 243,314 -
949,819 518,500