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
M V Promotions Limited
Company Information
for the year ended 31 March 2025
Directors
Mr M P Vaughan
Mrs N Vaughan
Mr N Fairbrother
Company Number
04730959 (England and Wales)
Registered Office
Unit 3 Owen House Farm
Wood Lane
Knutsford
Cheshire
WA16 7NY
M V Promotions Limited
Statement of financial position
as at 31 March 2025
Tangible assets
34,990
69,479
Investments
948,710
1,021,867
Debtors
3,153,489
2,909,403
Cash at bank and in hand
37,105
98,557
Creditors: amounts falling due within one year
(133,926)
(219,346)
Net current assets
3,056,668
2,788,614
Net assets
4,040,368
3,879,960
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
M V Promotions Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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
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
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
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
Valuation at 31 March 2025
948,710
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
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
13,325
7,286
Taxes and social security
98,298
189,587
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)
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)
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).