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REGISTERED NUMBER: 07261838 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

M C P PLUMBING & HEATING (MIDLANDS) LTD
M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 709 994

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 55,274 93,155
Cash at bank 4,567 465
60,841 94,620
CREDITORS
Amounts falling due within one year 6 19,808 65,201
NET CURRENT ASSETS 41,033 29,419
TOTAL ASSETS LESS CURRENT
LIABILITIES
41,742
30,413

CREDITORS
Amounts falling due after more than one
year
7
3,433
8,100
NET ASSETS 38,309 22,313

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,307 22,311
SHAREHOLDERS' FUNDS 38,309 22,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

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M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:




M Priest - Director



Mrs C H Priest - Director


The notes form part of these financial statements

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M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

MCP Plumbing & Heating (Midlands) Limited is a private company, limited by shares, registered in England and Wales, registered number 07261838. Its registered office is 206 Hydes Road, West Bromwich, B71 2ED.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Basic financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Going concern
The accounts have been drawn up on the going concern basis.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities,,

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 18,950
DEPRECIATION
At 1 April 2024 17,956
Charge for year 285
At 31 March 2025 18,241
NET BOOK VALUE
At 31 March 2025 709
At 31 March 2024 994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 36,544 88,279
Other debtors 18,730 4,876
55,274 93,155

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M C P PLUMBING & HEATING (MIDLANDS) LTD (REGISTERED NUMBER: 07261838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 5,625 5,625
Trade creditors 5,730 732
Taxation and social security 7,053 1,352
Other creditors 1,400 57,492
19,808 65,201

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 3,433 8,100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
M Priest
Balance outstanding at start of year (56,202 ) (43,835 )
Amounts advanced 126,605 39,362
Amounts repaid (59,876 ) (51,729 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,527 (56,202 )

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