REGISTERED NUMBER: 02910074 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

MOTION CONTROL PRODUCTS LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

393,838

286,446

393,838

286,446

Current assets

Stocks

606,268

471,745

Debtors

6

1,928,003

1,933,835

Cash at bank and in hand

180,372

111,838

2,714,643

2,517,418

Creditors

Amounts falling due within one year

7

2,458,310

2,189,171

Net current assets

256,333

328,247

Total assets less current liabilities

650,171

614,693

Creditors

Amounts falling due after more than one year

8

(201,984

)

(163,730

)

Provisions for liabilities

10

(85,229

)

(55,196

)

Net assets

362,958

395,767

Capital and reserves

Called up share capital

11

30,000

30,000

Share premium

35,000

35,000

Retained earnings

297,958

330,767

Shareholders' funds

362,958

395,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

Mr S P McKay - Director

1.	Statutory information

Motion Control Products Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02910074. The registered office and business address is Unit 7, 11-15 Francis Avenue, Bournemouth, Dorset, BH11 8NX.

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.

Preparation of consolidated financial statements

The financial statements contain information about Motion Control Products Limited as an individual company. The company is a wholly owned subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when goods are despatched to customers and title to the goods passes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development expenditure on an individual project are recognised as an intangible asset when the company can demonstrate:

- The technical feasibility of completing the intangible asset so that the asset will be available for use or sale

- Its intention to complete and its ability to use or sell the asset

- How the asset will generate future economic benefits

- The availability of resources to complete the asset

- The ability to measure reliably the expenditure during development

- The ability to use the intangible asset generated

Where the Directors are satisfied as to the technical, commercial and financial viability of individual projects, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit. This period is expected to be five and eleven years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Tooling costs

-

33% on reducing balance

Furniture, computers and equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Website

-

33% on cost

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Research and development

Expenditure on research is written off in the year in which it is incurred. The accounting treatment of development expenditure is detailed under "Intangible assets - development costs".

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 23 (2024 - 23 ) .

4.	Intangible fixed assets

Development

costs

£

Cost

At 1 August 2024

and 31 July 2025

92,633

Amortisation

At 1 August 2024

and 31 July 2025

92,633

Net book value

At 31 July 2025

-

At 31 July 2024

-

5.	Tangible fixed assets

Furniture,

computers

Tooling

and

Motor

costs

equipment

vehicles

Website

Totals

£

£

£

£

£

Cost

At 1 August 2024

39,697

215,350

265,269

9,075

529,391

Additions

-

8,563

209,907

-

218,470

Disposals

-

-

(19,300

)

-

(19,300

)

At 31 July 2025

39,697

223,913

455,876

9,075

728,561

Depreciation

At 1 August 2024

34,265

94,558

108,072

6,050

242,945

Charge for year

1,811

18,825

69,725

3,025

93,386

Eliminated on disposal

-

-

(1,608

)

-

(1,608

)

At 31 July 2025

36,076

113,383

176,189

9,075

334,723

Net book value

At 31 July 2025

3,621

110,530

279,687

-

393,838

At 31 July 2024

5,432

120,792

157,197

3,025

286,446

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 August 2024

211,403

Additions

209,907

Disposals

(19,300

)

Transfer to ownership

(27,590

)

At 31 July 2025

374,420

Depreciation

At 1 August 2024

60,556

Charge for year

65,955

Eliminated on disposal

(1,608

)

Transfer to ownership

(18,860

)

At 31 July 2025

106,043

Net book value

At 31 July 2025

268,377

At 31 July 2024

150,847

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

817,906

868,395

Amounts owed by group undertakings

3,337

-

Payments on account

23,687

33,280

Other debtors

1,017,531

874,603

RBSCS Bank financing

158

7,373

Directors' current accounts

25,386

22,404

Prepayments and accrued income

39,998

127,780

1,928,003

1,933,835

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

33,334

40,000

Hire purchase contracts

71,876

17,290

Payments on account

229,364

85,908

Trade creditors

441,047

477,333

Amounts owed to group undertakings

1,172,889

1,017,828

Tax

29,275

71,729

Social security and other taxes

22,581

16,603

VAT

96,239

124,809

RBSCS bank financing

67,704

83,105

Other creditors

6,619

121,700

Directors' current accounts

280,387

125,906

Accrued expenses

6,995

6,960

2,458,310

2,189,171

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

-

33,334

Hire purchase contracts

201,984

130,396

201,984

163,730

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

273,860

147,686

RBSCS bank financing

67,704

83,105

341,564

230,791

All monies due to or to become due to Natwest Bank PLC are secured by way of a fixed and floating charge over all the assets of the company, dated 22nd March 2002.

All monies due to or to become due to RBS Invoice Finance Limited are secured by way of a fixed and floating charge over all the assets of the company, dated 30th January 2012.

Amounts owed under hire purchase contracts are secured against the asset to which they relate.

10.	Provisions for liabilities

2025

2024

£

£

Deferred tax

85,229

55,196

Deferred

tax

£

Balance at 1 August 2024

55,196

Provided during year

30,033

Balance at 31 July 2025

85,229

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

25,500

Ordinary

£1

25,500

25,500

1,500

Ordinary 'A'

£1

1,500

1,500

1,500

Ordinary 'B'

£1

1,500

1,500

1,500

Ordinary 'C'

£1

1,500

1,500

30,000

30,000

12.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

£

£

Mr L S McKay

Balance outstanding at start of year

22,404

29,104

Amounts advanced

21,154

22,404

Amounts repaid

(22,404

)

(29,104

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,154

22,404

Mr Z O McKay

Balance outstanding at start of year

-

299

Amounts advanced

4,232

-

Amounts repaid

-

(299

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,232

-

At the balance sheet date, the directors, Mr L McKay and Mr Z McKay, owed the company £21,154 and £4,232 respectively, disclosed within debtors.

These loans were fully repaid within 9 months of the year end.

13.	Ultimate controlling party

The company is controlled by the director, Mr S McKay, by virtue of his 100% holding in the voting share capital of the parent company, MCP Holdings (U.K) Limited.

MCP Holdings (U.K) Limited owns 85% of the issued share capital.