M L (UK) Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 04547232

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,098,475		1,276,856

			1,098,475		1,276,856
CURRENT ASSETS
Stocks	5	22,463		62,897
Debtors	6	347,638		427,846
Cash at bank and in hand		521,572		437,560

		891,673		928,303
Creditors: Amounts Falling Due Within One Year	7	(154,100 )		(157,740 )

NET CURRENT ASSETS (LIABILITIES)			737,573		770,563

TOTAL ASSETS LESS CURRENT LIABILITIES			1,836,048		2,047,419

PROVISIONS FOR LIABILITIES
Deferred Taxation			(263,257 )		(295,368 )

NET ASSETS			1,572,791		1,752,051

CAPITAL AND RESERVES
Called up share capital	8		132		132
Share premium account			214,847		214,847
Profit and Loss Account			1,357,812		1,537,072

SHAREHOLDERS' FUNDS			1,572,791		1,752,051

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M L (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr J T Liney Director	Miss J L Liney Director	Mr M J Liney Director
30/09/2025

The notes on pages 4 to 6 form part of these financial statements.

	Share Capital	Share Premium	Profit and Loss Account	Total
	£	£	£	£
As at 1 January 2023	132	214,847	1,425,423	1,640,402
Profit for the year and total comprehensive income	-	-	297,519	297,519

Dividends paid	-	-	(185,870)	(185,870)

As at 31 December 2023 and 1 January 2024	132	214,847	1,537,072	1,752,051


Profit for the year and total comprehensive income	-	-	109,795	109,795

Dividends paid	-	-	(289,055)	(289,055)

As at 31 December 2024	132	214,847	1,357,812	1,572,791

1. General Information

M L (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04547232 . The registered office is 7 Kettering Terrace, Mile End, Portsmouth, Hampshire, PO2 7QH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	2% SL
Plant & Machinery	20% RB

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Within plant & machinery is a subcategory for Pontoon which uses a straight line depreciation method at 5%, and Commercial Vehicles which uses a reducing balance depreciation method at 25%.

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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M L (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 15)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	133,959	1,877,498	2,011,457
Additions	-	30,601	30,601
Disposals	-	(120,431 )	(120,431 )

As at 31 December 2024	133,959	1,787,668	1,921,627

Depreciation
As at 1 January 2024	56,645	677,956	734,601
Provided during the period	2,907	115,180	118,087
Disposals	-	(29,536 )	(29,536 )

As at 31 December 2024	59,552	763,600	823,152

Net Book Value
As at 31 December 2024	74,407	1,024,068	1,098,475

As at 1 January 2024	77,314	1,199,542	1,276,856

5. Stocks

	2024	2023
	£	£
Stock	-	62,897
Work in progress	22,463	-

	22,463	62,897

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	251,102	350,568
Prepayments and accrued income	3,339	4,292
Other debtors	-	761
Amounts due from associated companies	93,197	72,225

	347,638	427,846

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M L (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	31,535	113,085
Corporation tax	83,167	-
Other taxes and social security	12,232	16,779
VAT	26,190	24,741
Pensions payable	-	1,399
Accruals and deferred income	976	1,736

	154,100	157,740

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
120 Ordinary Shares of £ 1.00 each	120	120
10 Ordinary A shares of £ 1.00 each	10	10
1 Ordinary B shares of £ 1.00 each	1	1
1 Ordinary C shares of £ 1.00 each	1	1

	132	132

9. Related Party Transactions

At the Balance Sheet date the company was owed by associated company £72,225 (2022 £13,848). The loan was made interest free and is repayable upon demand. The companies are associated by common directorship and ownership.

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