M P T Technical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08920268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M P T TECHNICAL SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Thorogood

G A Modley

SECRETARY:

S Modley

REGISTERED OFFICE:

Unit 8

Ball Mill Top Business Park

Hallow

Worcester

Worcestershire

WR2 6PD

REGISTERED NUMBER:

08920268 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

26

90

CURRENT ASSETS

Stocks

136,484

127,822

Debtors

5

875,958

903,907

Cash at bank

309,178

367,791

1,321,620

1,399,520

CREDITORS

Amounts falling due within one year

6

827,187

921,586

NET CURRENT ASSETS

494,433

477,934

TOTAL ASSETS LESS CURRENT
LIABILITIES

494,459

478,024

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

493,459

477,024

SHAREHOLDERS' FUNDS

494,459

478,024

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 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 17 September 2025 and were signed on its behalf by:

J M Thorogood - Director

G A Modley - Director

1.	STATUTORY INFORMATION

M P T Technical Services 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.

Fixtures and fittings

-

20% on cost

Office equipment

-

33% on cost

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 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.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

Cost

At 1 January 2024

and 31 December 2024

4,440

19,447

23,887

Depreciation

At 1 January 2024

4,403

19,394

23,797

Charge for year

37

27

64

At 31 December 2024

4,440

19,421

23,861

Net book value

At 31 December 2024

-

26

At 31 December 2023

37

53

90

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

854,812

887,630

Other debtors

4,636

3,750

Prepayments

16,510

12,527

875,958

903,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

271,914

305,571

Corporation tax

108,340

119,246

Social security and other taxes

3,316

4,649

VAT

30,353

28,737

Other creditors

145,000

170,427

Credit card

375

-

Directors' loan accounts

264,539

289,746

Accrued expenses

3,350

3,210

827,187

921,586

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

53,253

14,382

Between one and five years

173,415

14,362

226,668

28,744

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

300

Ordinary A

£1

300

Ordinary B

£1

300

200

Ordinary C

£1

200

Ordinary D

£1

200

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £264,539 (2023 - £289,746) owed to the Director's of the company, these loans are unsecured, interest free and repayable on demand.