M P M A Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01407232 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

M P M A LIMITED

A COMPANY LIMITED BY GUARANTEE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N J Mullen

Mr R A Fell

Mr J K Powell

Mr A G Ruddock

SECRETARY:

Mr C Saunders

REGISTERED OFFICE:

Suite 9-10 Victoria Chambers

174 South Coast Road

Peacehaven

East Sussex

BN10 8JH

REGISTERED NUMBER:

01407232 (England and Wales)

AUDITORS:

FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

3

1,579

2,165

CURRENT ASSETS

Debtors

4

28,258

34,369

Cash at bank

174,910

126,955

203,168

161,324

CREDITORS

Amounts falling due within one year

5

23,668

23,102

NET CURRENT ASSETS

179,500

138,222

TOTAL ASSETS LESS CURRENT LIABILITIES

181,079

140,387

RESERVES

Income and expenditure account

181,079

140,387

181,079

140,387

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 27 May 2020 and were signed on its behalf by:

Mr R A Fell - Director

1.	STATUTORY INFORMATION

M P M A Limited is a private company, limited by guarantee , 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.

Going Concern

As stated in the post balance sheet note, included in the notes to the financial statements, the Coronavirus

(COVID-19) pandemic has impacted MPMA Limited. The directors have considered the financial health of the

company along with the various government measures in place to support businesses through this pandemic and

with this in mind the directors are confident that the company, at the date of signing, will continue as a going

concern for the foreseeable future.

Turnover

Turnover represents net subscriptions and contributions paid during the calendar year, excluding value added

tax.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Fixtures and fittings

- 22.5% on reducing balance

Computer equipment

- 25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

MPMA Limited are exempt from taxation on its trading activities under BIM24015. Taxation for the year

comprises of current tax on MPMA Limited's other income which is not exempt.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2019

2,666

11,205

13,871

Disposals

-

(50

)

(50

)

At 31 December 2019

2,666

11,155

13,821

DEPRECIATION

At 1 January 2019

2,418

9,288

11,706

Charge for year

56

480

536

At 31 December 2019

2,474

9,768

12,242

NET BOOK VALUE

At 31 December 2019

192

1,387

1,579

At 31 December 2018

248

1,917

2,165

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

11,904

25,175

Other debtors

2,500

8,657

VAT

12,850

239

Prepayments and accrued income

1,004

298

28,258

34,369

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

4,551

3,943

Accrued expenses

19,117

19,159

23,668

23,102

6.	LEASING AGREEMENTS

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

2019

2018

£

£

Within one year

1,333

8,000

Between one and five years

-

25,333

1,333

33,333

The rental agreement at the old office at Unit 8, Sunfield Business Park New Mill Road Finchampstead was

terminated on the 3 year break clause date.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc ACA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

8.	POST BALANCE SHEET EVENTS

Due to the Coronavirus (COVID-19) pandemic, which has affected the world in the first quarter of 2020,

measures have been taken by the UK government which may affect the trading activities of MPMA Limited from

March 2020.

The metal packaging manufacturing industry has been classified by the Government as a key industry and is

working as normal during the pandemic, within all government guidelines, and the directors expect that there will

be significant growth in some sectors like this.

At the date of approval of the accounts it has not been possible to quantify or ascertain with any certainty the

financial impact of COVID-19. No adjustments have been made to any figures in the accounts as a result of the

pandemic. The board of directors do not believe that this pandemic will have a material impact on the companies

ability to continue as a going concern.

9.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the board of directors.

10.	SHARE CAPITAL

The company has no share capital as it is limited by guarantee.