MCV Midlands Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 05381975

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		170,623		123,658

			170,623		123,658
CURRENT ASSETS
Debtors	6	310,569		339,077
Cash at bank and in hand		119,403		38,975

		429,972		378,052
Creditors: Amounts Falling Due Within One Year	7	(423,100 )		(372,339 )

NET CURRENT ASSETS (LIABILITIES)			6,872		5,713

TOTAL ASSETS LESS CURRENT LIABILITIES			177,495		129,371

NET ASSETS			177,495		129,371

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			177,395		129,271

SHAREHOLDERS' FUNDS			177,495		129,371

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 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 T G Smith

Director

27 November 2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

MCV Midlands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05381975 . The registered office is 550 Valley Road, Basford, Nottingham, Nottinghamshire, NG5 1JJ.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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	15% Reducing balance
Motor Vehicles	20% Reducing balance
Fixtures & Fittings	20% Reducing balance

2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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MCV Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	30,000

As at 31 March 2025	30,000

Amortisation
As at 1 April 2024	30,000

As at 31 March 2025	30,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	151,825	130,094	3,690	285,609
Additions	-	79,662	-	79,662
Disposals	-	(37,475 )	-	(37,475 )

As at 31 March 2025	151,825	172,281	3,690	327,796

Depreciation
As at 1 April 2024	86,735	71,916	3,300	161,951
Provided during the period	9,763	15,488	78	25,329
Disposals	-	(30,107 )	-	(30,107 )

As at 31 March 2025	96,498	57,297	3,378	157,173

Net Book Value
As at 31 March 2025	55,327	114,984	312	170,623

As at 1 April 2024	65,090	58,178	390	123,658

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	102,182	45,719
Other debtors	208,387	293,358

	310,569	339,077

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MCV Midlands Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	354,186	297,584
Corporation tax	-	7,040
VAT	3,431	7,969
Other creditors	34,599	55,025
Accruals and deferred income	3,381	4,466
Director's loan account	27,503	255

	423,100	372,339

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At the balance sheet date, the company owed the director £27,503. (2024:£255). The directors loan account is unsecured, interest free and repayable on demand.

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