MPCC (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06665624 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2024 TO 31 DECEMBER 2025

FOR

MPCC (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Bray

J C Bray

E S Bray

C J Bray

A P Bray

REGISTERED OFFICE:

Unit 1 & 2, Millshaw

Leeds

West Yorkshire

LS11 0LX

REGISTERED NUMBER:

06665624 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

77,876

105,706

77,876

105,706

CURRENT ASSETS

Stocks

1,416,530

1,571,065

Debtors

6

1,450,803

1,748,006

Cash at bank

627,770

795,055

3,495,103

4,114,126

CREDITORS

Amounts falling due within one year

7

1,096,967

1,467,754

NET CURRENT ASSETS

2,398,136

2,646,372

TOTAL ASSETS LESS CURRENT LIABILITIES

2,476,012

2,752,078

CREDITORS

Amounts falling due after more than
one year

8

(39,037

)

(47,650

)

PROVISIONS FOR LIABILITIES

(19,469

)

(26,426

)

NET ASSETS

2,417,506

2,678,002

CAPITAL AND RESERVES

Called up share capital

9

1,000

Retained earnings

2,416,506

2,677,002

SHAREHOLDERS' FUNDS

2,417,506

2,678,002

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

T J Bray - Director

1.	STATUTORY INFORMATION

MPCC (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, has now been fully amortised.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

Straight line over 4 years

Motor vehicles

-

Straight line over 4 years

Stocks

Stocks are measured at the lower of cost and estimated selling price, after taking into account obsolete and slow moving items, 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.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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 period 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.

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

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 company'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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 37 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 31 December 2025

136,732

AMORTISATION

At 1 October 2024

and 31 December 2025

136,732

NET BOOK VALUE

At 31 December 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 October 2024

216,268

153,873

370,141

Additions

46,905

-

46,905

Disposals

-

(82,988

)

(82,988

)

At 31 December 2025

263,173

70,885

334,058

DEPRECIATION

At 1 October 2024

159,243

105,192

264,435

Charge for period

39,345

25,462

64,807

Eliminated on disposal

-

(73,060

)

(73,060

)

At 31 December 2025

198,588

57,594

256,182

NET BOOK VALUE

At 31 December 2025

64,585

13,291

77,876

At 30 September 2024

57,025

48,681

105,706

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

655,601

1,400,930

Amounts owed by group undertakings

472,155

48,543

Other debtors

323,047

298,533

1,450,803

1,748,006

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.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

7,103

45,930

Trade creditors

767,147

714,249

Taxation and social security

54,049

193,674

Other creditors

268,668

513,901

1,096,967

1,467,754

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.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

39,037

47,650

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

Value:

£

450

Ordinary

1

450

100

Ordinary A

1

100

Ordinary B

1

100

75

Ordinary C

1

75

100

75

Ordinary D

1

75

100

Ordinary E

1

100

50

Ordinary F

1

50

25

Ordinary G

1

25

-

25

Ordinary H

1

25

-

1,000

10.	RELATED PARTY DISCLOSURES

During the period the company made purchases from Industrial and Fluid Power Products Ltd (IFPP), a UK company owned by Mr T J Bray, Mr J C Bray and Mr E S Bray, totalling £52,034 (2024 - £5,400). The company made sales to IFPP of £176,009 (2024 - £nil) and offered loans totalling £15,937 (2024 - £15,000). The total owed to IFPP at 30 September 2025 was £24,248 (2024 - (£9,600)). The outstanding balance is split over trade creditors, trade debtors and other debtors.

During the period the company made sales to MPCC UK Limited LLC, a non-UK company wholly owned by MPCC (UK) Limited, totalling £540,752 (2024 - £328,820). The company also made purchases of £754,482 (2024 - £nil) and incurred costs on their behalf totalling £668,658 (2024 - £38,507). The total outstanding at 30 September 2025 was £231,092 (2023 - £407,737). The outstanding balance is split over trade debtors and other debtors.