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REGISTERED NUMBER: 07158927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MSS (Steel Services) Ltd

MSS (Steel Services) Ltd (Registered number: 07158927)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


MSS (Steel Services) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D G O'Connor





REGISTERED OFFICE: Unit 19 New Horizons Business Centre
Barrow Road
Harlow
Essex
CM19 5FN





REGISTERED NUMBER: 07158927 (England and Wales)





ACCOUNTANTS: Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
MSS (Steel Services) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MSS (Steel Services) Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MSS (Steel Services) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MSS (Steel Services) Ltd and state those matters that we have agreed to state to the director of MSS (Steel Services) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSS (Steel Services) Ltd and its director for our work or for this report.

It is your duty to ensure that MSS (Steel Services) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MSS (Steel Services) Ltd. You consider that MSS (Steel Services) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MSS (Steel Services) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterlings Accountancy Solutions Limited
131-133 Roman Road
Mountnessing
Brentwood
Essex
CM15 0UD


9 October 2023

MSS (Steel Services) Ltd (Registered number: 07158927)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,774 17,012

CURRENT ASSETS
Debtors 5 755,981 415,766
Cash at bank 107,989 229,607
863,970 645,373
CREDITORS
Amounts falling due within one year 6 609,429 508,913
NET CURRENT ASSETS 254,541 136,460
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,315

153,472

CREDITORS
Amounts falling due after more than one
year

7

98,916

153,178
NET ASSETS 166,399 294

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,299 194
SHAREHOLDERS' FUNDS 166,399 294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MSS (Steel Services) Ltd (Registered number: 07158927)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





D G O'Connor - Director


MSS (Steel Services) Ltd (Registered number: 07158927)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MSS (Steel Services) 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

MSS (Steel Services) Ltd (Registered number: 07158927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 86,851
DEPRECIATION
At 1 April 2022 69,839
Charge for year 6,238
At 31 March 2023 76,077
NET BOOK VALUE
At 31 March 2023 10,774
At 31 March 2022 17,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 716,869 369,927
Other debtors 39,112 45,839
755,981 415,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 71,634 71,634
Trade creditors 371,592 359,831
Taxation and social security 80,742 5,158
Other creditors 85,461 72,290
609,429 508,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 98,916 153,178

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Declan O'Conner by virtue of his majority shareholding.