IRIS Accounts Production v23.1.5.20 06266502 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062665022022-07-31062665022023-07-31062665022022-08-012023-07-31062665022021-07-31062665022021-08-012022-07-31062665022022-07-3106266502ns15:EnglandWales2022-08-012023-07-3106266502ns14:PoundSterling2022-08-012023-07-3106266502ns10:Director12022-08-012023-07-3106266502ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3106266502ns10:SmallEntities2022-08-012023-07-3106266502ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3106266502ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3106266502ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3106266502ns10:AbridgedAccounts2022-08-012023-07-310626650212022-08-012023-07-3106266502ns10:OrdinaryShareClass12022-08-012023-07-3106266502ns10:Director22022-08-012023-07-3106266502ns10:CompanySecretary12022-08-012023-07-3106266502ns10:RegisteredOffice2022-08-012023-07-3106266502ns5:CurrentFinancialInstruments2023-07-3106266502ns5:CurrentFinancialInstruments2022-07-3106266502ns5:Non-currentFinancialInstruments2023-07-3106266502ns5:Non-currentFinancialInstruments2022-07-3106266502ns5:ShareCapital2023-07-3106266502ns5:ShareCapital2022-07-3106266502ns5:RetainedEarningsAccumulatedLosses2023-07-3106266502ns5:RetainedEarningsAccumulatedLosses2022-07-3106266502ns5:NetGoodwill2022-08-012023-07-3106266502ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3106266502ns5:PlantMachinery2022-08-012023-07-3106266502ns5:MotorVehicles2022-08-012023-07-3106266502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3106266502ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3106266502ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3106266502ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-07-3106266502ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3106266502ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-07-3106266502ns10:OrdinaryShareClass12023-07-3106266502ns5:RetainedEarningsAccumulatedLosses2022-07-3106266502ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31
REGISTERED NUMBER: 06266502 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

M S MOTOR SERVICES LIMITED

M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


M S MOTOR SERVICES LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mohinder Singh Bansal
Satpal Kaur Bansal





SECRETARY: Satpal Kaur Bansal





REGISTERED OFFICE: 402 Park Road
Hockley
Birmingham
West Midlands
B18 5ST





REGISTERED NUMBER: 06266502 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

Abridged Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 25,000
Tangible assets 5 5,561 6,153
25,561 31,153

CURRENT ASSETS
Stocks 4,000 5,000
Debtors 24,499 34,214
Cash at bank and in hand 129,564 133,303
158,063 172,517
CREDITORS
Amounts falling due within one year 39,762 52,687
NET CURRENT ASSETS 118,301 119,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,862

150,983

CREDITORS
Amounts falling due after more than one year 35,845 40,272
NET ASSETS 108,017 110,711

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 108,015 110,709
SHAREHOLDERS' FUNDS 108,017 110,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

Abridged Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Satpal Kaur Bansal - Director


M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

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

1. STATUTORY INFORMATION

M S Motor Services 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 statement of financial position date.


M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 100,000
AMORTISATION
At 1 August 2022 75,000
Amortisation for year 5,000
At 31 July 2023 80,000
NET BOOK VALUE

At 31 July 2023 20,000
At 31 July 2022 25,000

M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 25,353
Additions 649
At 31 July 2023 26,002
DEPRECIATION
At 1 August 2022 19,200
Charge for year 1,241
At 31 July 2023 20,441
NET BOOK VALUE
At 31 July 2023 5,561
At 31 July 2022 6,153

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,544 6,612

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,544 6,612

Amounts falling due between two and five years:
Bank loans - 2-5 years 30,301 33,660

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary A £1 2 2

M S MOTOR SERVICES LIMITED (REGISTERED NUMBER: 06266502)

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

8. RESERVES
Retained
earnings
£   

At 1 August 2022 110,709
Profit for the year 11,306
Dividends (14,000 )
At 31 July 2023 108,015

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr and Mrs Bansal.