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COMPANY REGISTRATION NUMBER: 7564482

MHFLY LIMITED

Filleted Unaudited Financial Statements

30 April 2025

MHFLY LIMITED

Financial Statements

Year ended 30th April 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

MHFLY LIMITED

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 10,848 | 12,053

Current assets

Stocks | 2,125 |  | 3,075
Debtors | 5 | 913 |  | 909
Cash at bank and in hand | 4,330 |  | 3,471
| ------- |  | -------
| 7,368 |  | 7,455

Creditors: amounts falling due within one year | 6 | 9,977 |  | 9,607
| ------- |  | -------
Net current liabilities |  | 2,609 | 2,152
|  | -------- | --------
Total assets less current liabilities |  | 8,239 | 9,901

Creditors: amounts falling due after more than one year | 7 |  | 167 | 2,167
|  | ------- | -------
Net assets |  | 8,072 | 7,734
|  | ------- | -------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | 8,071 | 7,733
|  | ------- | -------
Shareholders funds |  | 8,072 | 7,734
|  | ------- | -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MHFLY LIMITED

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 3 January 2026 , and are signed on behalf of the board by:

D. Thompson |
Director |

Company registration number: 7564482

MHFLY LIMITED

Notes to the Financial Statements

Year ended 30th April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Waters Edge Business Park, Modwen Road, Salford Quays, Manchester, M5 3EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the statement of income represents amounts invoiced during the year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and Machinery | - | 25% reducing balance
| Commercial Vehicles | - | 10% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets

| Plant and Machinery | Commercial Vehicles | Total
| £ | £ | £
Cost |  |  |
At 1st May 2024 and 30th April 2025 | 4,860 | 10,500 | 15,360
| ------- | -------- | --------
Depreciation |  |  |
At 1st May 2024 | 2,257 | 1,050 | 3,307
Charge for the year | 260 | 945 | 1,205
| ------- | -------- | --------
At 30th April 2025 | 2,517 | 1,995 | 4,512
| ------- | -------- | --------
Carrying amount |  |  |
At 30th April 2025 | 2,343 | 8,505 | 10,848
| ------- | -------- | --------
At 30th April 2024 | 2,603 | 9,450 | 12,053
| ------- | -------- | --------

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 913 | 909
| ---- | ----

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 2,000 | 2,000
Trade creditors | 95 | –
Other creditors | 7,882 | 7,607
| ------- | -------
| 9,977 | 9,607
| ------- | -------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 167 | 2,167
| ---- | -------

8. Director's advances, credits and guarantees
At 30 April 2025 the company owed £6,958 (2024: £6,683) to its director. No interest has been charged to the company in respect of the above balances which are repayable on demand and are classified in creditors falling due within one year.
9. Related party transactions
The company was under the control of Mr D.Thompson throughout the current year. Mr D.Thompson is the managing director.