Registered number
OC338305
MPL Business Images LLP
Filleted Accounts
30 June 2025

MPL Business Images LLP
Registered number: | OC338305
Balance Sheet
as at 30 June 2025
Notes |  | 2025 |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  | 26,282 |  | 39,408
Current assets |  |  |  |  |
Debtors | 4 |  | 245,537 |  | -
Cash at bank and in hand |  |  | 10,827 |  | 78,101
|  |  | 256,364 |  | 78,101
Creditors: amounts falling due within one year | 5 |  | (109,791) |  | (205,125)
Net current assets/(liabilities) |  |  | 146,573 |  | (127,024)
Total assets less current liabilities |  |  | 172,855 |  | (87,616)
Net assets/(liabilities) attributable to members | 172,855 |  | (87,616)
Represented by:
Loans and other debts due to members | 6 |  | 280,000 |  | -
Members' other interests
Members' capital |  |  | (107,145) |  | (87,616)
|  |  | 172,855 |  | (87,616)
Loans and other debts due to members | 6 |  | 280,000 |  | -
Members' other interests |  |  | (107,145) |  | (87,616)
For the year ended 30 June 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 26 January 2026 and signed on their behalf by:
Mike Simons
Designated member

MPL Business Images LLP
Notes to the Accounts
for the year ended 30 June 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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
| 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.
| Division of profits
| Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members’ remuneration charged as an expense in the profit and loss account.
| Taxation
| Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
| 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.
| Members' capital
| Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the LLP's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the LLP | 14 |  | 12
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Motor vehicles
£
| Cost
| At 1 July 2024 | 65,680
| At 30 June 2025 | 65,680
| Depreciation
| At 1 July 2024 | 26,272
| Charge for the year | 13,126
| At 30 June 2025 | 39,398
| Net book value
| At 30 June 2025 | 26,282
| At 30 June 2024 | 39,408
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 245,537 |  | -
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Obligations under finance lease and hire purchase contracts | 15,497 |  | 23,040
| Other taxes and social security costs | 94,294 |  | 158,792
| Other creditors | - |  | 23,293
|  |  |  |  |  | 109,791 |  | 205,125
6 | Loans and other debts due to members | 2025 |  | 2024
£ | £
| Loans from members | 280,000 |  | -
| Amounts falling due within one year | 280,000 |  | -
| Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.
7 | Other information
| MPL Business Images LLP is a limited liability partnership incorporated in England. Its registered office is:
| Unit 4 The Circuit Centre
| Avro Way
| Weybridge
| Surrey
| KT13 0YT

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