Registered number
03392747
M S Print Limited
Unaudited Filleted Accounts
30 June 2023
M S Print Limited
Registered number: 03392747
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 605 189
Current assets
Debtors 4 2,945 3,237
Cash at bank and in hand 8,886 13,516
11,831 16,753
Creditors: amounts falling due within one year 5 (10,415) (14,981)
Net current assets 1,416 1,772
Net assets 2,021 1,961
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,019 1,959
Shareholders' funds 2,021 1,961
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Strong
Director
Approved by the board on 7 November 2023
M S Print Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% book value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all material timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 7,945
Additions 749
At 30 June 2023 8,694
Depreciation
At 1 July 2022 7,756
Charge for the year 333
At 30 June 2023 8,089
Net book value
At 30 June 2023 605
At 30 June 2022 189
4 Debtors 2023 2022
£ £
Trade debtors 1,562 2,125
Other debtors 1,383 1,112
2,945 3,237
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,071 1,270
Other creditors 9,344 13,711
10,415 14,981
6 Controlling party
The company is under the control of Mr & Mrs M J Strong who together own 100% of the issued shares.
7 Other information
M S Print Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Parsons Road
Irchester
Wellingborough
NN29 7EA
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