REGISTERED NUMBER: 01994847 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

M. P. E. ELECTRONICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr S S Bennett

Mr P G Carter

Ms N Evans

Mr J Levy

Mr M D Simson

Mr F R George

Mr P Owen

REGISTERED OFFICE:

Brambleside

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QQ

REGISTERED NUMBER:

01994847 (England and Wales)

ACCOUNTANTS:

Galloways Accounting Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

838,384

416,369

CURRENT ASSETS

Stocks

5

2,370,322

2,510,343

Debtors

6

2,200,649

1,525,404

Cash at bank and in hand

180,568

853,328

4,751,539

4,889,075

CREDITORS

Amounts falling due within one year

7

(899,588

)

(815,849

)

NET CURRENT ASSETS

3,851,951

4,073,226

TOTAL ASSETS LESS CURRENT LIABILITIES

4,690,335

4,489,595

PROVISIONS FOR LIABILITIES

(188,534

)

(78,407

)

NET ASSETS

4,501,801

4,411,188

CAPITAL AND RESERVES

Called up share capital

68,076

68,076

Capital redemption reserve

31,924

31,924

Retained earnings

4,401,801

4,311,188

SHAREHOLDERS' FUNDS

4,501,801

4,411,188

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2026 and were signed on its behalf by:

Mr M D Simson - Director

1.	STATUTORY INFORMATION

M. P. E. Electronics 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

at variable rates on reducing balance

Fixtures and fittings

-

20% straight line

Motor vehicles

-

20% straight line

Stocks

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

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year 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 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

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 59 (2024 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

2,288,961

163,121

11,709

2,463,791

Additions

497,145

-

-

497,145

At 31 December 2025

2,786,106

163,121

11,709

2,960,936

DEPRECIATION

At 1 January 2025

1,876,863

158,850

11,709

2,047,422

Charge for year

72,376

2,754

-

75,130

At 31 December 2025

1,949,239

161,604

11,709

2,122,552

NET BOOK VALUE

At 31 December 2025

836,867

1,517

-

838,384

At 31 December 2024

412,098

4,271

-

416,369

5.

STOCKS

2025

2024

£

£

Stocks

2,370,322

2,510,343

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,818,887

1,244,515

Amounts owed by group undertakings

127,218

94,334

Other debtors

254,544

186,555

2,200,649

1,525,404

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

585,169

133,166

Taxation and social security

280,897

206,668

Other creditors

33,522

476,015

899,588

815,849

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

156,485

156,485

Between one and five years

474,100

550,020

In more than five years

162,750

243,314

793,335

949,819

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Belysimo Ltd.