REGISTERED NUMBER: 14526844 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MM Stafford Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

T N Jackson

REGISTERED OFFICE:

14 The Oaks Clews Road

Redditch

B98 7ST

REGISTERED NUMBER:

14526844 (England and Wales)

ACCOUNTANTS:

Davies Archytas Accountants Ltd

14 The Oaks

Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Intangible assets

4

22,400

25,200

Tangible assets

5

1,547

1,709

23,947

26,909

CURRENT ASSETS

Debtors

19,030

16,393

Cash at bank

9,066

20,736

28,096

37,129

CREDITORS

Amounts falling due within one year

80,793

62,320

NET CURRENT LIABILITIES

(52,697

)

(25,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,750

)

1,718

CREDITORS

Amounts falling due after more than one year

7,604

14,382

NET LIABILITIES

(36,354

)

(12,664

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(36,355

)

(12,665

)

SHAREHOLDERS' FUNDS

(36,354

)

(12,664

)

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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:

T N Jackson - Director

1.	STATUTORY INFORMATION

MM Stafford 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.

Goodwill

Franchise, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

28,000

AMORTISATION

At 1 January 2024

2,800

Amortisation for year

2,800

At 31 December 2024

5,600

NET BOOK VALUE

At 31 December 2024

22,400

At 31 December 2023

25,200

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

2,278

Additions

354

At 31 December 2024

2,632

DEPRECIATION

At 1 January 2024

569

Charge for year

516

At 31 December 2024

1,085

NET BOOK VALUE

At 31 December 2024

1,547

At 31 December 2023

1,709

6.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

7,891

7,891

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,604

7,891

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,491

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

8.	RELATED PARTY DISCLOSURES

MM Commercial Services Limited is a company also controlled by the director and controlling party, T N Jackson.

Amount due to the above related party at the balance sheet date - £1,000 (2023 - £nil).

9.	ULTIMATE CONTROLLING PARTY

Throughout the financial year the controlling party was the director by virtue of his 100% ownership of the issued share capital of the company.