General Information
MF Equipment Limited is a private company, limited by shares, registered in England and Wales, under 02312948, at Building 1070 Street 1, Westcott Venture Park, Aylesbury, Buckinghamshire, HP18 0XB.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the fair value of engineering services indirectly supplied by the Company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable recognised in the profit and loss account. The Company's liability for current tax is calculated using the tax rates and laws enacted or substantively enacted at the reporting date. Current tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investments in Subsidiaries
Fixed asset investments are stated at cost less any provision for diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 8 (2024 : 8).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
104,218 |
|
104,218 |
| Additions |
4,000 |
|
4,000 |
| Disposals |
(18,470) |
|
(18,470) |
| At 31 March 2025 |
89,748 |
|
89,748 |
| Depreciation |
| At 01 April 2024 |
38,419 |
|
38,419 |
| Charge for year |
11,628 |
|
11,628 |
| On disposals |
(6,809) |
|
(6,809) |
| At 31 March 2025 |
43,238 |
|
43,238 |
| Net book values |
| Closing balance as at 31 March 2025 |
46,510 |
|
46,510 |
| Opening balance as at 01 April 2024 |
65,799 |
|
65,799 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
2,189,002 |
|
2,189,002 |
| Additions |
171,989 |
|
171,989 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
2,360,991 |
|
2,360,991 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
338 |
|
553 |
|
338 |
|
553 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
1,464 |
|
1,464 |
| Taxation and Social Security |
17,436 |
|
28,685 |
| Other Creditors |
25,173 |
|
20,402 |
|
44,073 |
|
50,551 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
48,756 |
|
48,756 |
|
48,756 |
|
48,756 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
3
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