MVC Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 04602494

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,431		14,858

			13,431		14,858
CURRENT ASSETS
Debtors	5	25,493		35,170
Cash at bank and in hand		15,526		26,500

		41,019		61,670
Creditors: Amounts Falling Due Within One Year	6	(29,027 )		(50,484 )

NET CURRENT ASSETS (LIABILITIES)			11,992		11,186

TOTAL ASSETS LESS CURRENT LIABILITIES			25,423		26,044

NET ASSETS			25,423		26,044

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			25,323		25,944

SHAREHOLDERS' FUNDS			25,423		26,044

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 Malcolm Veall

Director

30 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

MVC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04602494 . The registered office is 1a Latimer Street, Leicester, Leicestershire, LE3 0QF.

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:

Plant & Machinery	33% Straight Line
Computer Equipment	333% Straight Line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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MVC Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	4,876	29,276	34,152
Additions	-	328	328

As at 31 December 2024	4,876	29,604	34,480

Depreciation
As at 1 January 2024	4,095	15,199	19,294
Provided during the period	523	1,232	1,755

As at 31 December 2024	4,618	16,431	21,049

Net Book Value
As at 31 December 2024	258	13,173	13,431

As at 1 January 2024	781	14,077	14,858

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	22,500	30,425
Prepayments and accrued income	1,150	1,150
Other debtors	(7 )	655
Grace loan	1,850	1,850
Other taxes and social security	-	1,090

	25,493	35,170

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	11,952	7,222
Bank loans and overdrafts	90	8,794
Corporation tax	532	532
VAT	7,254	8,715
Other creditors	4,190	2,948
Directors' loan accounts	5,009	22,273

	29,027	50,484

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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