MPR Auto Electrics Ltd 31/03/2025 iXBRL

Company registration number: SC468499

MPR Auto Electrics Ltd

Unaudited filleted financial statements

31 March 2025

MPR Auto Electrics Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

MPR Auto Electrics Ltd

Directors and other information


	Directors	Mr Brian Miller
		Mr Steven McKinnon


	Company number	SC468499


	Registered office	3 Duncan Street
		Bonnybridge
		FK4 1DP


	Business address	3 Duncan Street
		Bonnybridge
		Falkirk
		FK4 1DP


	Accountants	Dickson Middleton
		5/9 Bridge Street
		Bonnybridge
		FK4 1AD




	Bankers	Royal Bank of Scotland
		4 Almondvale Souh
		Livingston
		EH54 6NB

MPR Auto Electrics Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of MPR Auto Electrics Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MPR Auto Electrics Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of MPR Auto Electrics Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MPR Auto Electrics Ltd and state those matters that we have agreed to state to the board of directors of MPR Auto Electrics Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MPR Auto Electrics Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that MPR Auto Electrics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MPR Auto Electrics Ltd. You consider that MPR Auto Electrics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MPR Auto Electrics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dickson Middleton

Chartered Accountants

5/9 Bridge Street

Bonnybridge

FK4 1AD

3 September 2025

MPR Auto Electrics Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	100,336		125,422
		_______		_______
			100,336		125,422

Current assets
Stocks		10,000		10,000
Debtors	6	57,436		70,883
Cash at bank and in hand		5,181		4,571
		_______		_______
		72,617		85,454
Creditors: amounts falling due
within one year	7	( 56,292)		( 73,204)
		_______		_______
Net current assets			16,325		12,250
			_______		_______
Total assets less current liabilities			116,661		137,672

Creditors: amounts falling due
after more than one year	8		( 49,473)		( 63,910)

Provisions for liabilities			( 19,064)		( 23,830)

			_______		_______
Net assets			48,124		49,932
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			48,024		49,832
			_______		_______
Shareholders funds			48,124		49,932
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 03 September 2025 , and are signed on behalf of the board by:

Mr Brian Miller

Director

Company registration number: SC468499

MPR Auto Electrics Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Brian Miller, 3 Duncan Street, Bonnybridge, FK4 1DP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	20 %	reducing balance
Motor vehicles	-	20 %	reducing balance
Computers	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Computers	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	53,075	180,527	4,658	238,260
	_______	_______	_______	_______
Depreciation
At 1 April 2024	33,946	74,234	4,658	112,838
Charge for the year	3,827	21,259	-	25,086
	_______	_______	_______	_______
At 31 March 2025	37,773	95,493	4,658	137,924
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	15,302	85,034	-	100,336
	_______	_______	_______	_______
At 31 March 2024	19,129	106,293	-	125,422
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	46,205	62,667
Other debtors	11,231	8,216
	_______	_______
	57,436	70,883
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,520	3,158
Trade creditors	47	731
Social security and other taxes	15,558	16,438
Other creditors	39,167	52,877
	_______	_______
	56,292	73,204
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	18,244	17,573
Other creditors	31,229	46,337
	_______	_______
	49,473	63,910
	_______	_______

9. Controlling party

The company has no ultimate controlling party.