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Company Registration No. 03972396 (England and Wales)
MFOR ASSOCIATES LIMITED Unaudited Financial Statements for the period from 1 July 2024 to 29 June 2025
MFOR ASSOCIATES LIMITED Unaudited Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MFOR ASSOCIATES LIMITED Company Information for the period from 1 July 2024 to 29 June 2025
Director
COLLIER, Steven Sean
Company Number
03972396 (England and Wales)
Registered Office
35/37 ST. LEONARDS ROAD NORTHAMPTON NORTHAMPTONSHIRE NN4 8DL
Accountants
Robins & Co 35 St Leonards Road Northampton NN4 8DL
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MFOR ASSOCIATES LIMITED Statement of financial position as at 29 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,594
3,459
Current assets
Inventories
-
5,155
Debtors
5
25,926
4,115
Cash at bank and in hand
17,571
9,462
43,497
18,732
Creditors: amounts falling due within one year
6
(44,453)
(45,245)
Net current liabilities
(956)
(26,513)
Total assets less current liabilities
1,638
(23,054)
Creditors: amounts falling due after more than one year
7
(9,789)
(20,053)
Net liabilities
(8,151)
(43,107)
Capital and reserves
Called up share capital
2,500
2,500
Profit and loss account
(10,651)
(45,607)
Shareholders' funds
(8,151)
(43,107)
For the period ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2026 and were signed on its behalf by
COLLIER, Steven Sean Director Company Registration No. 03972396
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MFOR ASSOCIATES LIMITED Notes to the Accounts for the period from 1 July 2024 to 29 June 2025
1
Statutory information
MFOR ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03972396. The registered office is 35/37 ST. LEONARDS ROAD, NORTHAMPTON, NORTHAMPTONSHIRE, NN4 8DL.
2
Compliance with accounting standards
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
3 years Straight Line
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
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MFOR ASSOCIATES LIMITED Notes to the Accounts for the period from 1 July 2024 to 29 June 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
23,035
23,206
785
47,026
At 29 June 2025
23,035
23,206
785
47,026
Depreciation
At 1 July 2024
20,915
21,867
785
43,567
Charge for the period
530
335
-
865
At 29 June 2025
21,445
22,202
785
44,432
Net book value
At 29 June 2025
1,590
1,004
-
2,594
At 30 June 2024
2,120
1,339
-
3,459
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
3,916
4,115
Other debtors
22,010
-
25,926
4,115
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,972
6,571
Taxes and social security
7,854
-
Other creditors
28,627
24,708
Loans from directors
-
43
Accruals
3,000
13,923
44,453
45,245
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,789
20,053
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
COLLIER, Steven Sean
(44)
42,349
20,295
22,010
(44)
42,349
20,295
22,010
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MFOR ASSOCIATES LIMITED Notes to the Accounts for the period from 1 July 2024 to 29 June 2025
9
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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