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REGISTERED NUMBER: 04365619 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st August 2023

for

MS Canvas & PVC Limited

MS Canvas & PVC Limited (Registered number: 04365619)






Contents of the Financial Statements
For The Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MS Canvas & PVC Limited

Company Information
For The Year Ended 31st August 2023







DIRECTOR: S Dosanjh





REGISTERED OFFICE: 1st Floor
5 Century Court
Tolpits Lane
Watford
London
WD18 9PX





REGISTERED NUMBER: 04365619 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

MS Canvas & PVC Limited (Registered number: 04365619)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,390,769 1,484,759

CURRENT ASSETS
Stocks 29,296 13,946
Debtors 5 182,747 54,436
Cash at bank and in hand 130,569 169,307
342,612 237,689
CREDITORS
Amounts falling due within one year 6 410,456 382,780
NET CURRENT LIABILITIES (67,844 ) (145,091 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,322,925 1,339,668

CREDITORS
Amounts falling due after more than one year 7 810,020 855,540
NET ASSETS 512,905 484,128

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 512,805 484,028
512,905 484,128

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

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

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 director and authorised for issue on 20th October 2023 and were signed by:





S Dosanjh - Director


MS Canvas & PVC Limited (Registered number: 04365619)

Notes to the Financial Statements
For The Year Ended 31st August 2023

1. STATUTORY INFORMATION

MS Canvas & PVC 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.

Covid-19 - government grants
Grants received from the state in the UK as a result of the global pandemic have been with respect to property maintenance and employee retention. The company trades within the hospitality industry that was one of the worst hit by the pandemic and was offered the most favourable grants. These grants have been recognised as other income at the date of receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

MS Canvas & PVC Limited (Registered number: 04365619)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st September 2022
and 31st August 2023 886,320 2,238,509 3,124,829
DEPRECIATION
At 1st September 2022 - 1,640,070 1,640,070
Charge for year - 93,990 93,990
At 31st August 2023 - 1,734,060 1,734,060
NET BOOK VALUE
At 31st August 2023 886,320 504,449 1,390,769
At 31st August 2022 886,320 598,439 1,484,759

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,000 3,661
Amounts owed by participating interests 147,800 5,500
Other debtors 29,947 45,275
182,747 54,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 114,000 114,000
Hire purchase contracts 19,280 26,648
Trade creditors 2,313 60,246
Amounts owed to group undertakings 44,705 39,960
Taxation and social security 221,029 132,110
Other creditors 9,129 9,816
410,456 382,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 785,735 831,255
Hire purchase contracts 24,285 24,285
810,020 855,540

MS Canvas & PVC Limited (Registered number: 04365619)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 899,735 945,255

The bank loan is secured by a debenture over the assets of the company.

9. RELATED PARTY DISCLOSURES

During the year, the following companies owes the company where Mr S Dosanjh is also an officer and shareholder.
1. Dhilsanjh Ltd £15,800 (2022: £3,000)
2. Woodside (Reading) Ltd 132,000 (2022: £Nil)

The company also owed £44,705 (2022: 39,960) to The Big Marquee Company Ltd where Mr S Dosanjh is also an officer.

10. HIRE PURCHASE LOANS

Hire purchase loans are secured over the assets on which they have been taken.