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Registered number: 10640600
MF(UK) LTD
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10640600
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,784 1,784
Tangible Assets 5 713,961 710,519
Investments 6 25,000 25,000
740,745 737,303
CURRENT ASSETS
Stocks 7 108,000 113,450
Debtors 8 38,395 38,395
Cash at bank and in hand 533,029 218,520
679,424 370,365
Creditors: Amounts Falling Due Within One Year 9 (149,225 ) (111,933 )
NET CURRENT ASSETS (LIABILITIES) 530,199 258,432
TOTAL ASSETS LESS CURRENT LIABILITIES 1,270,944 995,735
Creditors: Amounts Falling Due After More Than One Year 10 (297,759 ) (305,301 )
NET ASSETS 973,185 690,434
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 973,085 690,334
SHAREHOLDERS' FUNDS 973,185 690,434
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 FAISAL MOHAMMED
Director
27/10/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
MF(UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10640600 . The registered office is 173 Manchester Road, Huddersfield, HD1 3JE.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 0
Plant & Machinery 10
Motor Vehicles 25
Fixtures & Fittings 10
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 29 February 2024 1,784
As at 28 February 2025 1,784
Net Book Value
As at 28 February 2025 1,784
As at 29 February 2024 1,784
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 29 February 2024 631,857 52,185 61,217 28,415 773,674
Additions - 2,660 17,701 - 20,361
As at 28 February 2025 631,857 54,845 78,918 28,415 794,035
Depreciation
As at 29 February 2024 - 17,232 31,907 14,016 63,155
Provided during the period - 3,761 11,757 1,401 16,919
As at 28 February 2025 - 20,993 43,664 15,417 80,074
Net Book Value
As at 28 February 2025 631,857 33,852 35,254 12,998 713,961
As at 29 February 2024 631,857 34,953 29,310 14,399 710,519
6. Investments
Other
£
Cost or Valuation
As at 29 February 2024 25,000
As at 28 February 2025 25,000
Provision
As at 29 February 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 25,000
As at 29 February 2024 25,000
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7. Stocks
2025 2024
£ £
Finished goods 108,000 113,450
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,395 38,395
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 37,656 37,657
Corporation tax 93,440 73,230
VAT 18,129 1,046
149,225 111,933
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,733 24,275
Bank loans 22,500 22,500
Other creditors 50,000 50,000
Directors loan account 208,526 208,526
297,759 305,301
11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 16,733 24,275
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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