General Information
MF Equipment (UK) LLP is a limited liability partnership, registered in England and Wales, under OC309898, at Building 1070 Street 1, Westcott Venture Park, Aylesbury, Buckinghamshire, HP18 0XB. The presentation currency is £ sterling, which is also the operational currency of the LLP.
| 1. |
Accounting policies
Significant accounting policies
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 the Republic of Ireland (as applied to small entities by Section 1A of the standard), and the Companies Act 2006.
Going concern basis
The Proprietors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included in the income statement.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees Average number of employees during the period was 2 (2025 : 2). |
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
| At 01 April 2025 |
1,001,111 |
|
1,001,111 |
| Additions |
702,955 |
|
702,955 |
| Disposals |
(102,525) |
|
(102,525) |
| At 31 March 2026 |
1,601,541 |
|
1,601,541 |
| Depreciation |
| At 01 April 2025 |
432,964 |
|
432,964 |
| Charge for year |
194,021 |
|
194,021 |
| On disposals |
(44,822) |
|
(44,822) |
| At 31 March 2026 |
582,163 |
|
582,163 |
| Net book values |
| Closing balance as at 31 March 2026 |
1,019,378 |
|
1,019,378 |
| Opening balance as at 01 April 2025 |
568,147 |
|
568,147 |
The net book value of Plant and Machinery includes £ 827,198 (2025 £362,546) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 April 2025 |
784,377 |
|
784,377 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 March 2026 |
784,377 |
|
784,377 |
|
| 5. |
Stocks
|
2026
£ |
|
2025
£ |
| Stocks |
1,509,164 |
|
816,341 |
|
1,509,164 |
|
816,341 |
|
| 6. |
Debtors: amounts falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Debtors |
2,101,441 |
|
315,652 |
| Other Debtors |
72,048 |
|
98,591 |
|
2,173,489 |
|
414,243 |
|
| 7. |
Creditors: amount falling due within one year
|
2026
£ |
|
2025
£ |
| Trade Creditors |
3,119,893 |
|
1,118,670 |
| Bank Loans & Overdrafts |
7,563 |
|
83,850 |
| Taxation and Social Security |
436,737 |
|
10,155 |
| Obligations under HP/Financial Leases |
176,649 |
|
218,000 |
| Other Creditors |
9,377 |
|
74,447 |
|
3,750,219 |
|
1,505,122 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2026
£ |
|
2025
£ |
| Obligations under HP/Financial Leases |
677,567 |
|
299,250 |
|
677,567 |
|
299,250 |
|
| 9. |
Loans and Other Debts Due to Members
In the event of a winding-up, the amounts included in "Loans and advances, other debts due to members" will rank equally with unsecured creditors.
|
2
|