REGISTERED NUMBER: 05166608 (United Kingdom)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

M P Building Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A Boyle

K A Boyle

REGISTERED OFFICE:

Unit 2

Shaftsbury Industrial Estate

Letchworth

Hertfordshire

SG6 1HE

REGISTERED NUMBER:

05166608 (United Kingdom)

FIXED ASSETS

Tangible assets

4

98,394

113,479

CURRENT ASSETS

Stocks

403,468

893,557

Debtors

5

1,470,292

1,076,355

Cash at bank and in hand

1,046,640

814,481

2,920,400

2,784,393

CREDITORS

Amounts falling due within one year

6

1,664,903

1,170,956

NET CURRENT ASSETS

1,255,497

1,613,437

TOTAL ASSETS LESS CURRENT LIABILITIES

1,353,891

1,726,916

CREDITORS

Amounts falling due after more than one year

7

(55,546

)

(558,210

)

PROVISIONS FOR LIABILITIES

(19,974

)

(21,847

)

NET ASSETS

1,278,371

1,146,859

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

1,278,369

1,146,857

SHAREHOLDERS' FUNDS

1,278,371

1,146,859

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:

K A Boyle - Director

Ms A Boyle - Director

1.	STATUTORY INFORMATION

M P Building Limited is a private company, limited by shares , registered in United Kingdom. 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 using the historical cost.

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102

Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and

Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small

companies' regime).

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually

reviewed and are based on experience and other factors, including expectations of future events that

are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of

services in the ordinary course of the company’s activities. Turnover is shown net of sales/value

added tax, returns, rebates and discounts.

Where a long term contract exists, each job is reviewed at the period end with reference to the costs

incurred in accordance with FRS102. The resultant amounts are recorded within debtors and sales as

amounts recoverable on contracts, where amounts exceed the contract progression an amount would

be recognised within creditors as payments on account.

At each period end contracts are assessed for their recoverability, where a contract is considered to

be onerous a full provision is made for the loss in the relevent period with in the cost of sales.

Government grants

Grants relating to revenue are recognised in income on a systematic basis over the periods in which

the business recognises related costs which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the

purpose of giving immediate financial support to the entity with no future related costs shall be

recognised in income in the period in which it becomes receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss,

except that a change attributable to an item of income or expense recognised as other comprehensive

income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been

enacted or substantively enacted by the reporting date in the countries where the company operates

and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits

reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the

ordinary course of business.

Trade debtors are recognised at the transaction price. Amounts are reviewed for recoverability

periodically and where amounts are not considered to be recoverable these are written off to the profit

and loss account when necessary.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost

is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable,

direct labour costs and those overheads that have been incurred in bringing the inventories to their

present location and condition. At each reporting date, stocks are assessed for impairment. If stocks

are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the

impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary

course of business from suppliers. Accounts payable are classified as current liabilities if the company

does not have an unconditional right, at the end of the reporting period, to defer settlement of the

creditor for at least twelve months after the reporting date. If there is an unconditional right to defer

settlement for at least twelve months after the reporting date, they are presented as non-current

liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are

classified as operating leases. Payments made under operating leases are charged to profit or loss on

a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

32,914

325,398

16,639

374,951

Additions

-

26,600

-

26,600

Disposals

-

(43,544

)

-

(43,544

)

Grants

-

(6,338

)

-

(6,338

)

At 31 December 2024

32,914

302,116

16,639

351,669

DEPRECIATION

At 1 January 2024

20,753

226,914

13,805

261,472

Charge for year

3,040

27,570

557

31,167

Eliminated on disposal

-

(39,364

)

-

(39,364

)

At 31 December 2024

23,793

215,120

14,362

253,275

NET BOOK VALUE

At 31 December 2024

9,121

86,996

2,277

98,394

At 31 December 2023

12,161

98,484

2,834

113,479

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,351,047

986,512

Amounts owed by group undertakings

57,704

57,704

Other debtors

61,541

32,139

1,470,292

1,076,355

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,091,805

587,567

Taxation and social security

219,954

329,903

Other creditors

353,144

253,486

1,664,903

1,170,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

-

510,000

Taxation and social security

55,546

48,210

55,546

558,210

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Share capital 1

1

2

2

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £26,400 to (2023: £19,600) A Boyle and K Boyle, the

directors of the company. There are no terms of repayment and interest is not being charged.

At the balance sheet date M P Building owed £0 (2023: £510,000) to Mallon Hind Holdings

Limited which is a connected company. There are no terms of repayment or interest on this loan.

At the balance sheet date M P Building was owed £57,704 (2023: £57,704) by Mallon Hind Homes

Limited which is a conected company. There are no terms of repayment or interest on this loan.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Boyle and Mrs A Boyle, by virtue of their shareholding in the

parent company.