REGISTERED NUMBER: 07810219 (England and Wales)

M.P.S. (LEEDS) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Gibson

Miss F J Gibson

REGISTERED OFFICE:

1 Park View Court

St Pauls Road

Shipley

West Yorkshire

BD18 3DZ

REGISTERED NUMBER:

07810219 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

416,333

425,891

Investments

6

30,191

50,190

446,525

476,082

CURRENT ASSETS

Stocks

42,000

75,000

Debtors

7

391,342

272,572

Cash at bank

883,794

811,718

1,317,136

1,159,290

CREDITORS

Amounts falling due within one year

8

1,061,160

951,310

NET CURRENT ASSETS

255,976

207,980

TOTAL ASSETS LESS CURRENT LIABILITIES

702,501

684,062

CREDITORS

Amounts falling due after more than one year

9

140,665

215,495

NET ASSETS

561,836

468,567

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

561,835

468,566

SHAREHOLDERS' FUNDS

561,836

468,567

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

R G Gibson - Director

Miss F J Gibson - Director

1.	STATUTORY INFORMATION

M.P.S. (LEEDS) 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.

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

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.

Freehold property

-

2% 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

45,000

AMORTISATION

At 1 January 2024

and 31 December 2024

44,999

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

The purchased Goodwill represents the Company's investment in a restaurant in Leeds.

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

and 31 December 2024

477,879

DEPRECIATION

At 1 January 2024

51,988

Charge for year

9,558

At 31 December 2024

61,546

NET BOOK VALUE

At 31 December 2024

416,333

At 31 December 2023

425,891

6.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 January 2024

50,190

Additions

1

Disposals

(20,000

)

At 31 December 2024

30,191

NET BOOK VALUE

At 31 December 2024

30,191

At 31 December 2023

50,190

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Marpak Extrusions Limited

Registered office: United Kingdom

Nature of business: Polymer extrusion

%

Class of shares:

holding

Ordinary

7.50

Talos Packaging Limited

Registered office: United Kingdom

Nature of business: Packaging service provider

%

Class of shares:

holding

Ordinary

90.00

No14 North Lane Limited

Registered office: United Kingdom

Nature of business: Licenced bistro

%

Class of shares:

holding

Ordinary

100.00

As at 31 December 2024, the company owed £140,665 (2023 - £215,495) to Marpak Extrusions Limited (note 11), on which interest of 2.0% per annum is accruing.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

391,342

272,572

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Accruals & deferred income

11,201

8,701

Taxation

38,943

15,323

Other creditors

1,011,016

927,286

1,061,160

951,310

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

140,665

215,495