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REGISTERED NUMBER: 03830610 (England and Wales)















MLE PYROTECHNICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLE PYROTECHNICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTOR: M J Lawrence





SECRETARY: M J Lawrence





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 03830610 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444,478 463,140

CURRENT ASSETS
Stocks 75,000 106,500
Debtors 5 152,794 116,951
Cash at bank and in hand 131,959 289,876
359,753 513,327
CREDITORS
Amounts falling due within one year 6 387,690 565,981
NET CURRENT LIABILITIES (27,937 ) (52,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,541

410,486

CREDITORS
Amounts falling due after more than one
year

7

(87,567

)

(39,110

)

PROVISIONS FOR LIABILITIES (111,120 ) (115,785 )
NET ASSETS 217,854 255,591

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 217,852 255,589
SHAREHOLDERS' FUNDS 217,854 255,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

BALANCE SHEET - continued
30TH NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th August 2025 and were signed by:





M J Lawrence - Director


MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

MLE Pyrotechnics 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.

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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents the value of sales of goods and services exclusive of value added tax.

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.
Equipment - 15% on cost
Motor vehicles - 25% on reducing balance

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

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.

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 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 year was 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1st December 2023 1,013,674 81,181 1,094,855
Additions 81,581 55,342 136,923
Disposals - (29,432 ) (29,432 )
At 30th November 2024 1,095,255 107,091 1,202,346
DEPRECIATION
At 1st December 2023 578,273 53,442 631,715
Charge for year 125,503 17,666 143,169
Eliminated on disposal - (17,016 ) (17,016 )
At 30th November 2024 703,776 54,092 757,868
NET BOOK VALUE
At 30th November 2024 391,479 52,999 444,478
At 30th November 2023 435,401 27,739 463,140

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 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 1st December 2023 58,611
Additions 55,342
Disposals (29,432 )
At 30th November 2024 84,521
DEPRECIATION
At 1st December 2023 33,885
Charge for year 16,913
Eliminated on disposal (17,016 )
At 30th November 2024 33,782
NET BOOK VALUE
At 30th November 2024 50,739
At 30th November 2023 24,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,418 75,056
Other debtors 407 35
Prepayments 33,969 41,860
152,794 116,951

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,376 10,118
Other loans (see note 8) 23,465 87,749
Hire purchase contracts (see note 9) 9,982 37,627
Trade creditors 147,770 218,139
Corporation tax payable 35,909 10,926
Social security and other taxes 9,386 42,902
Other creditors 68,900 87,384
Directors' current accounts 11,954 5,033
Accruals and prepaid income 69,948 66,103
387,690 565,981

MLE PYROTECHNICS LIMITED (REGISTERED NUMBER: 03830610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 5,268 15,645
Other loans (see note 8) - 23,465
Hire purchase contracts (see note 9) 52,447 -
Other creditors 29,852 -
87,567 39,110

8. LOANS

The other loan has been secured by a personal guarantee by M J Lawrence.The bounceback bank loan is unsecured.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,982 37,627
Between one and five years 52,447 -
62,429 37,627

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 4,952 23,952
Between one and five years 1,344 4,396
6,296 28,348