| MPND Products Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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. |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price 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. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
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Average number of persons employed by the company |
1 |
|
1 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 November 2024 |
6,755 |
|
At 31 October 2025 |
6,755 |
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Depreciation |
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At 1 November 2024 |
1,689 |
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Charge for the year |
1,267 |
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At 31 October 2025 |
2,956 |
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Net book value |
|
At 31 October 2025 |
3,799 |
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At 31 October 2024 |
5,066 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
37,556 |
|
27,519 |
|
Other debtors |
1,853 |
|
2,076 |
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|
39,409 |
|
29,595 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,400 |
|
17,400 |
|
Taxation and social security costs |
4,801 |
|
1,365 |
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Other creditors |
32,928 |
|
16,536 |
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|
40,129 |
|
35,301 |
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| 6 |
Controlling party |
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The company is controlled by Mr M A Pangratiou on the basis that he holds 100% of the ordinary issued share capital of the company. |
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| 7 |
Other information |
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MPND Products Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Pennyweights |
|
Kenley |
|
CR8 5HB |