1 April 2024 false No description of principal activity Taxfiler 2024.6 04730959 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04730959 2024-03-31 04730959 2024-04-01 2025-03-31 04730959 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04730959 business:FilletedAccounts 2024-04-01 2025-03-31 04730959 2025-03-31 04730959 business:Director1 2024-04-01 2025-03-31 04730959 business:Director2 2024-04-01 2025-03-31 04730959 business:Director3 2024-04-01 2025-03-31 04730959 business:CompanySecretary1 2024-04-01 2025-03-31 04730959 business:RegisteredOffice 2024-04-01 2025-03-31 04730959 2024-03-31 04730959 core:WithinOneYear 2025-03-31 04730959 core:WithinOneYear 2024-03-31 04730959 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 04730959 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 04730959 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 04730959 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 04730959 core:PreviouslyStatedAmount 2025-03-31 04730959 core:PreviouslyStatedAmount 2024-03-31 04730959 business:SmallEntities 2024-04-01 2025-03-31 04730959 countries:EnglandWales 2024-04-01 2025-03-31 04730959 core:MotorVehicles 2024-04-01 2025-03-31 04730959 core:ComputerEquipment 2024-04-01 2025-03-31 04730959 core:LandBuildings 2024-03-31 04730959 core:MotorVehicles 2024-03-31 04730959 core:ComputerEquipment 2024-03-31 04730959 core:LandBuildings 2024-04-01 2025-03-31 04730959 core:LandBuildings 2025-03-31 04730959 core:MotorVehicles 2025-03-31 04730959 core:ComputerEquipment 2025-03-31 04730959 core:AdditionsToInvestments 2025-03-31 04730959 core:DisposalsRepaymentsInvestments 2025-03-31 04730959 core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 04730959 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04730959 core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 04730959 core:TaxLossesCarry-forwardsDeferredTax 2024-03-31 04730959 2023-03-31 04730959 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04730959 (England and Wales)
M V Promotions Limited Unaudited accounts for the year ended 31 March 2025
M V Promotions Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
M V Promotions Limited Company Information for the year ended 31 March 2025
Directors
Mr M P Vaughan Mrs N Vaughan Mr N Fairbrother
Secretary
Mr M Vaughan
Company Number
04730959 (England and Wales)
Registered Office
Unit 3 Owen House Farm Wood Lane Knutsford Cheshire WA16 7NY
- 3 -
M V Promotions Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
34,990
69,479
Investments
5
948,710
1,021,867
983,700
1,091,346
Current assets
Debtors
6
3,153,489
2,909,403
Cash at bank and in hand
37,105
98,557
3,190,594
3,007,960
Creditors: amounts falling due within one year
7
(133,926)
(219,346)
Net current assets
3,056,668
2,788,614
Net assets
4,040,368
3,879,960
Capital and reserves
Called up share capital
150
150
Profit and loss account
4,040,218
3,879,810
Shareholders' funds
4,040,368
3,879,960
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2025 and were signed on its behalf by
Mr M P Vaughan Director Company Registration No. 04730959
- 4 -
M V Promotions Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
M V Promotions Limited is a private company, limited by shares, registered in England and Wales, registration number 04730959. The registered office is Unit 3 Owen House Farm, Wood Lane, Knutsford, Cheshire, WA16 7NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
20% Straight Line
- 5 -
M V Promotions Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
34,831
42,397
1,748
78,976
Disposals
-
(42,397)
-
(42,397)
At 31 March 2025
34,831
-
1,748
36,579
Depreciation
At 1 April 2024
-
7,950
1,547
9,497
Charge for the year
-
-
42
42
On disposals
-
(7,950)
-
(7,950)
At 31 March 2025
-
-
1,589
1,589
Net book value
At 31 March 2025
34,831
-
159
34,990
At 31 March 2024
34,831
34,447
201
69,479
5
Investments
Other investments
£
Valuation at 1 April 2024
1,021,867
Additions
12,133
Disposals
(85,290)
Valuation at 31 March 2025
948,710
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
67,053
26,623
Deferred tax asset
10,901
6,157
Accrued income and prepayments
2,770
3,805
Other debtors
3,072,765
2,872,818
3,153,489
2,909,403
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
12,150
11,697
Trade creditors
13,325
7,286
Taxes and social security
98,298
189,587
Accruals
10,153
3,276
Deferred income
-
7,500
133,926
219,346
- 6 -
M V Promotions Limited Notes to the Accounts for the year ended 31 March 2025
8
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
(573)
7,916
Tax losses carried forward
(10,328)
(14,073)
(10,901)
(6,157)
2025
2024
£
£
Provision at start of year
(6,157)
(6,157)
Credited to the profit and loss account
(4,744)
-
Provision at end of year
(10,901)
(6,157)
9
Loans to directors
At the balance sheet date Mr M Vaughan owed the company £2,261,654 (2024 £2,119,935). At the balance sheet date Mrs Vaughan owed the company £28,447 (2024 £25,588). Both loans are interest free with no fixed date for repayment.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -