M P J Fabrications Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

M P J Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04691950 . The registered office is Unit C, Welton Road, Warwick, CV34 5PZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain fixed assets and liabilities and investmant properties measured at fair value through profit or loss.

The financial statemenst are prepared in sterling, which is the functional currency of the entity.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probablte that teh associated economic benefits will flow to the entity; and teh costs incurred or to be incurred in respect of the transactions can be measured reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Amortisation is calculated so as to write off the costs of an asset, less its residual value, over the useful life of the asset . If there is an indication that there has been a significant change in amortisation rates, useful life or residual value of an intangible aset, the amortisation is revised to reflect the new estimates.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:.

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M P J Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Freehold	4% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ImImpairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.pairment

2.5. Stocks and Work in Progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

2.6. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

...CONTINUED

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M P J Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Financial Instruments - continued

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.7. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.8. Pensions

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

2.9. Research and development

Research expenditure is written off in the year in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

It is technically feasible to complete the intangible asset so that it will be available for use or sale;
There is the intention to complete the intangible asset and use or sell it;
There is the ability to use or sell the intangible asset;
The use or sale of the intangible asset will generate probable future economic benefits;
There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

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M P J Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.10. Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	15,000

As at 31 August 2025	15,000

Amortisation
As at 1 September 2024	15,000

As at 31 August 2025	15,000

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	-

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M P J Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 September 2024	1,442,629	543,300	54,565	14,092	2,054,586
Additions	1,500	-	-	-	1,500
Disposals	-	-	(6,425 )	-	(6,425 )

As at 31 August 2025	1,444,129	543,300	48,140	14,092	2,049,661

Depreciation
As at 1 September 2024	141,054	208,963	41,981	12,300	404,298
Provided during the period	57,693	50,150	1,941	268	110,052
Disposals	-	-	(1,606 )	-	(1,606 )

As at 31 August 2025	198,747	259,113	42,316	12,568	512,744

Net Book Value
As at 31 August 2025	1,245,382	284,187	5,824	1,524	1,536,917

As at 1 September 2024	1,301,575	334,337	12,584	1,792	1,650,288

If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost	838,271	805,932	1,644,203
Accumulated depreciation and impairment	241,450	447,262	688,712

Carrying amount	596,821	358,670	955,491

6. Stocks

	2025	2024
	£	£
Stock	20,000	20,000

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M P J Fabrications Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	105,876	144,461
Other debtors	13,517	13,238

	119,393	157,699

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	33,230	46,290
Amounts owed to group undertakings	9,351	19,351
Other creditors	36,491	51,432
Taxation and social security	68,723	56,288

	147,795	173,361

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other creditors	-	26,924

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50	50

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 September 2024	785,000	1,169,968
Loss for the year and total comprehensive income	-	(31,290 )

As at 31 August 2025	785,000	1,138,678

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,536,917		1,650,288

			1,536,917		1,650,288
CURRENT ASSETS
Stocks	6	20,000		20,000
Debtors	7	119,393		157,699
Cash at bank and in hand		436,646		371,158

		576,039		548,857
Creditors: Amounts Falling Due Within One Year	8	(147,795 )		(173,361 )

NET CURRENT ASSETS (LIABILITIES)			428,244		375,496

TOTAL ASSETS LESS CURRENT LIABILITIES			1,965,161		2,025,784

Creditors: Amounts Falling Due After More Than One Year	9		-		(26,924 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(41,433 )		(43,842 )

NET ASSETS			1,923,728		1,955,018

CAPITAL AND RESERVES
Called up share capital	10		50		50
Revaluation reserve	11		785,000		785,000
Profit and Loss Account			1,138,678		1,169,968

SHAREHOLDERS' FUNDS			1,923,728		1,955,018