M I Plant Engineering Ltd - Filleted accounts

Registered number

05892540

M I Plant Engineering Ltd

Filleted Accounts

31 July 2025

M I Plant Engineering Ltd
Registered number:		05892540
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		625,928			574,337

Current assets
Stocks		54,000			29,600
Debtors	4	460,887			328,905
Cash at bank and in hand		239,304			238,339
		754,191			596,844

Creditors: amounts falling due within one year	5	(179,095)			(134,840)

Net current assets			575,096			462,004

Total assets less current liabilities			1,201,024			1,036,341

Creditors: amounts falling due after more than one year	6		(1,047)			(12,769)



Net assets			1,199,977			1,023,572

Capital and reserves
Called up share capital			102			102
Profit and loss account			1,199,875			1,023,470

Shareholders' funds			1,199,977			1,023,572

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M P Irish
Director
Approved by the board on 9 December 2025

M I Plant Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 20 years
	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	31,056		797,061		278,097		1,106,214
	Additions	-		198,067		32,989		231,056
	Disposals	-		(155,632)		-		(155,632)
	At 31 July 2025	31,056		839,496		311,086		1,181,638

	Depreciation
	At 1 August 2024	10,950		391,643		129,284		531,877
	Charge for the year	1,638		57,487		40,491		99,616
	On disposals	-		(75,783)		-		(75,783)
	At 31 July 2025	12,588		373,347		169,775		555,710

	Net book value
	At 31 July 2025	18,468		466,149		141,311		625,928
	At 31 July 2024	20,106		405,418		148,813		574,337


4	Debtors					2025		2024
£							£

	Trade debtors					455,033		323,545
	Prepayments					5,854		5,360
						460,887		328,905


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		10,000
	Trade creditors					40,601		44,297
	Value added tax					64,781		68,991
	Taxation and social security costs					68,713		6,952
	Accruals					5,000		4,600
						179,095		134,840


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		8,333
	Director's loan account					1,047		4,436
						1,047		12,769


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					-		18,333



8	Controlling party

	The company is controlled by Mr M P Irish as sole director and majority shareholder.


9	Other information

	M I Plant Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Five Oaks
	Bickington
	Newton Abbot
	Devon
	TQ12 6LH