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Company Registration No. 5382903 (England and Wales)
MSP Brickwork Limited Unaudited accounts for the year ended 31 March 2023
MSP Brickwork Limited Unaudited accounts Contents
Page
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MSP Brickwork Limited Company Information for the year ended 31 March 2023
Director
Michael Payne
Company Number
5382903 (England and Wales)
Registered Office
59-60 Thames Street Windsor SL4 1TX United Kingdom
Accountants
Blue Cube Accountants Limited Britwell Grange Britwell Road Burnham SL1 8DF
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MSP Brickwork Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
80,434 
102,607 
Current assets
Debtors
666,730 
538,690 
Cash at bank and in hand
58 
358 
666,788 
539,048 
Creditors: amounts falling due within one year
(406,856)
(288,365)
Net current assets
259,932 
250,683 
Total assets less current liabilities
340,366 
353,290 
Creditors: amounts falling due after more than one year
(154,801)
(139,420)
Provisions for liabilities
Deferred tax
(19,688)
- 
Net assets
165,877 
213,870 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
165,777 
213,770 
Shareholders' funds
165,877 
213,870 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2023 and were signed on its behalf by
Michael Payne Director Company Registration No. 5382903
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MSP Brickwork Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MSP Brickwork Limited is a private company, limited by shares, registered in England and Wales, registration number 5382903. The registered office is 59-60 Thames Street, , Windsor, SL4 1TX, United Kingdom.
2
Compliance with accounting standards
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006.
3
Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
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 taxation
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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MSP Brickwork Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
165,895 
- 
165,895 
Additions
- 
1,008 
1,008 
Disposals
(33,500)
- 
(33,500)
At 31 March 2023
132,395 
1,008 
133,403 
Depreciation
At 1 April 2022
63,288 
- 
63,288 
Charge for the year
19,907 
202 
20,109 
On disposals
(30,428)
- 
(30,428)
At 31 March 2023
52,767 
202 
52,969 
Net book value
At 31 March 2023
79,628 
806 
80,434 
At 31 March 2022
102,607 
- 
102,607 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
17,323 
50,064 
Trade debtors
629,751 
485,213 
Accrued income and prepayments
16,044 
3,413 
Other debtors
3,612 
- 
666,730 
538,690 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
307,087 
249,940 
Trade creditors
38,331 
19,140 
Taxes and social security
35,230 
12,913 
Other creditors
1,003 
163 
Loans from directors
9,451 
1,234 
Accruals
15,754 
4,975 
406,856 
288,365 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
154,801 
139,420 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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MSP Brickwork Limited Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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