REGISTERED NUMBER: 13500089 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2025 to 31 May 2026

for

MV Composites Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W J Waterman

M W Lainsbury

REGISTERED OFFICE:

Unit 1, Plot 20

Hawkes Drive,

Heathcote Industrial Estate

Royal Leamington Spa

Warwickshire

CV34 6LX

REGISTERED NUMBER:

13500089 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

Chartered Accountants

Kenton House

Oxford Street

Moreton-in-Marsh

Gloucestershire

GL56 0LA

FIXED ASSETS

Tangible assets

4

412,220

257,169

CURRENT ASSETS

Stocks

125,000

100,000

Debtors

5

701,578

577,510

Cash at bank

169,749

24,408

996,327

701,918

CREDITORS

Amounts falling due within one year

6

934,478

635,627

NET CURRENT ASSETS

61,849

66,291

TOTAL ASSETS LESS CURRENT LIABILITIES

474,069

323,460

CREDITORS

Amounts falling due after more than one year

7

(204,698

)

(236,147

)

PROVISIONS FOR LIABILITIES

(78,583

)

(29,262

)

NET ASSETS

190,788

58,051

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

190,785

58,048

190,788

58,051

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

W J Waterman - Director

M W Lainsbury - Director

1.	STATUTORY INFORMATION

MV Composites Ltd 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.

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.

Improvements to property

-

20% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 period was 21 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2025

111,574

193,820

26,518

Additions

131,789

97,491

8,020

Disposals

-

-

(450

)

At 31 May 2026

243,363

291,311

34,088

DEPRECIATION

At 1 August 2025

32,243

55,394

17,274

Charge for period

40,560

39,098

8,993

Eliminated on disposal

-

-

(150

)

At 31 May 2026

72,803

94,492

26,117

NET BOOK VALUE

At 31 May 2026

170,560

196,819

7,971

At 31 July 2025

79,331

138,426

9,244

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2025

37,778

10,673

380,363

Additions

-

18,965

256,265

Disposals

-

-

(450

)

At 31 May 2026

37,778

29,638

636,178

DEPRECIATION

At 1 August 2025

13,600

4,683

123,194

Charge for period

4,030

8,233

100,914

Eliminated on disposal

-

-

(150

)

At 31 May 2026

17,630

12,916

223,958

NET BOOK VALUE

At 31 May 2026

20,148

16,722

412,220

At 31 July 2025

24,178

5,990

257,169

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

Plant and

machinery

£

COST

At 1 August 2025

111,507

Additions

52,500

Disposals

(7,509

)

At 31 May 2026

156,498

DEPRECIATION

At 1 August 2025

26,444

Charge for period

18,021

Eliminated on disposal

(4,694

)

At 31 May 2026

39,771

NET BOOK VALUE

At 31 May 2026

116,727

At 31 July 2025

85,063

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

331,998

500,332

Other debtors

369,580

77,178

701,578

577,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

66,707

300,541

Hire purchase contracts (see note 8)

21,331

24,863

Trade creditors

722,557

155,499

Taxation and social security

74,910

99,011

Other creditors

48,973

55,713

934,478

635,627

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

33,527

87,506

Hire purchase contracts (see note 8)

54,397

25,996

Other creditors

116,774

122,645

204,698

236,147

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

21,331

24,863

Between one and five years

54,397

25,996

75,728

50,859

Non-cancellable

operating leases

2026

2025

£

£

Within one year

42,620

30,000

Between one and five years

103,637

75,000

146,257

105,000

9.	SECURED DEBTS

Included within bank loans and overdrafts is a debt factoring facility that has been provided by Flex Abl Limited. The facility is secured by a debenture on the company and a fixed and floating charge over all of the property owned by the company.

Also included within bank loans and overdrafts is a loan that has been provided by FDC (General Partner MEWIF II - Debt WM) Limited. The facility is secured by a debenture on the company and a fixed and floating charge over all of the property owned by the company.

10.	RELATED PARTY DISCLOSURES

During the period, total dividends of £75,000 (2025 - £86,000) were paid to the directors .