REGISTERED NUMBER: 08008964 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

MPL Fabrications Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Duffy

K R Duffy

REGISTERED OFFICE:

Leofric House

Binley Road

Coventry

CV3 1JN

REGISTERED NUMBER:

08008964 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

313,227

272,093

CURRENT ASSETS

Stocks

86,026

122,411

Debtors

5

155,734

153,084

Cash at bank

163,565

204,414

405,325

479,909

CREDITORS

Amounts falling due within one year

6

319,643

289,028

NET CURRENT ASSETS

85,682

190,881

TOTAL ASSETS LESS CURRENT LIABILITIES

398,909

462,974

CREDITORS

Amounts falling due after more than one year

7

(74,767

)

(100,551

)

PROVISIONS FOR LIABILITIES

(67,924

)

(68,023

)

NET ASSETS

256,218

294,400

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

256,118

294,300

256,218

294,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2026 and were signed on its behalf by:

K R Duffy - Director

1.	STATUTORY INFORMATION

MPL Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Short leasehold

-

Straight line over 10 years

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2025

1,047

296,699

3,587

Additions

48,484

44,986

204

At 31 March 2026

49,531

341,685

3,791

DEPRECIATION

At 1 April 2025

-

86,739

1,258

Charge for year

4,348

33,444

360

At 31 March 2026

4,348

120,183

1,618

NET BOOK VALUE

At 31 March 2026

45,183

221,502

2,173

At 31 March 2025

1,047

209,960

2,329

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

76,450

21,582

399,365

Additions

-

1,425

95,099

At 31 March 2026

76,450

23,007

494,464

DEPRECIATION

At 1 April 2025

20,911

18,364

127,272

Charge for year

13,884

1,929

53,965

At 31 March 2026

34,795

20,293

181,237

NET BOOK VALUE

At 31 March 2026

41,655

2,714

313,227

At 31 March 2025

55,539

3,218

272,093

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

109,977

74,550

184,527

DEPRECIATION

At 1 April 2025

42,438

20,772

63,210

Charge for year

10,131

13,444

23,575

At 31 March 2026

52,569

34,216

86,785

NET BOOK VALUE

At 31 March 2026

57,408

40,334

97,742

At 31 March 2025

67,539

53,778

121,317

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

131,649

130,170

Other debtors

24,085

22,914

155,734

153,084

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

3,531

10,419

Hire purchase contracts (see note 8)

69,850

46,172

Trade creditors

74,490

77,105

Taxation and social security

33,973

32,314

Other creditors

137,799

123,018

319,643

289,028

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

3,531

Hire purchase contracts (see note 8)

74,767

97,020

74,767

100,551

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Gross obligations repayable:

Within one year

81,935

55,080

Between one and five years

85,072

114,774

167,007

169,854

Finance charges repayable:

Within one year

12,085

8,908

Between one and five years

10,305

17,754

22,390

26,662

Net obligations repayable:

Within one year

69,850

46,172

Between one and five years

74,767

97,020

144,617

143,192

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

144,617

143,192

The hire purchase creditor is secured on the asset purchased under the agreement.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

K R Duffy and P J Duffy

Balance outstanding at start of year

(92,542

)

(113,534

)

Amounts advanced

8,400

22,992

Amounts repaid

(20,005

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(104,147

)

(92,542

)

The above amount owed to the directors by the company is charged interest and has no set terms of repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors by virtue of them owning the shareholdings of the company in its entirety.