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REGISTERED NUMBER: 04258213 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mnp Services Ltd.

Mnp Services Ltd. (Registered number: 04258213)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mnp Services Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr D Nixon
Mr M Priestley





SECRETARY: Mr M Priestley





REGISTERED OFFICE: Unit 2 Halegrove Court, Cygnet Drive
Stockton-On-Tees
Cleveland
TS18 3DB





REGISTERED NUMBER: 04258213 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Mnp Services Ltd. (Registered number: 04258213)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 36,387 32,651
Investments 5 9,999 9,999
46,386 42,650

CURRENT ASSETS
Stocks 55,385 60,310
Debtors 6 1,800,061 877,391
Cash at bank and in hand 186,805 518,384
2,042,251 1,456,085
CREDITORS
Amounts falling due within one year 7 640,175 622,952
NET CURRENT ASSETS 1,402,076 833,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,448,462

875,783

CREDITORS
Amounts falling due after more than one
year

8

(840,000

)

-

PROVISIONS FOR LIABILITIES (9,097 ) (8,163 )
NET ASSETS 599,365 867,620

CAPITAL AND RESERVES
Called up share capital 24 24
Capital redemption reserve 10 10
Retained earnings 599,331 867,586
599,365 867,620

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.

Mnp Services Ltd. (Registered number: 04258213)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





Mr M Priestley - Director


Mnp Services Ltd. (Registered number: 04258213)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Mnp Services Ltd. 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in repect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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, 25% on cost and 20% on cost

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.

Mnp Services Ltd. (Registered number: 04258213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power the participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as a jointly controlled entities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 29 (2023 - 35 ) .

Mnp Services Ltd. (Registered number: 04258213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2024 229,165
Additions 19,349
At 31 December 2024 248,514
DEPRECIATION
At 1 January 2024 196,514
Charge for year 15,613
At 31 December 2024 212,127
NET BOOK VALUE
At 31 December 2024 36,387
At 31 December 2023 32,651

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 January 2024
and 31 December 2024 9,999
NET BOOK VALUE
At 31 December 2024 9,999
At 31 December 2023 9,999

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£ £
Trade debtors 523,685 730,058
Other debtors 1,276,376 147,333
1,800,061 877,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£ £
Trade creditors 354,295 432,421
Taxation and social security 59,001 173,639
Other creditors 226,879 16,892
640,175 622,952

Mnp Services Ltd. (Registered number: 04258213)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£ £
Other creditors 840,000 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£ £
Mr M Priestley
Balance outstanding at start of year - -
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

No interest has been charged on the above loan.

10. RELATED PARTY DISCLOSURES

MNP Services has provided administrative support to MNP (Electrical Services Ltd) and rents office space to that company as part of a cost sharing arrangement: the related income is included in Other Operating Income.

D.Nixon and M.Priestley (shareholders in MNP Services Ltd) each hold three shares in MNP (Electrical Services) Ltd.