IRIS Accounts Production v23.3.1.45 13322229 Board of Directors Board of Directors 1.2.22 31.7.23 31.7.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133222292022-01-31133222292023-07-31133222292022-02-012023-07-31133222292022-01-3113322229ns10:Originalns15:EnglandWales2022-02-012023-07-3113322229ns14:PoundSterlingns10:Original2022-02-012023-07-3113322229ns10:Originalns10:Director12022-02-012023-07-3113322229ns10:Original2022-02-012023-07-3113322229ns10:Originalns10:Director22022-02-012023-07-3113322229ns10:Original2023-07-3113322229ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-07-3113322229ns10:Originalns10:SmallEntities2022-02-012023-07-3113322229ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-07-3113322229ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-07-3113322229ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-07-3113322229ns10:Originalns10:FullAccounts2022-02-012023-07-3113322229ns10:Originalns10:OrdinaryShareClass12022-02-012023-07-3113322229ns10:Originalns10:RegisteredOffice2022-02-012023-07-3113322229ns10:Originalns5:CurrentFinancialInstruments2023-07-3113322229ns10:Originalns5:Non-currentFinancialInstruments2023-07-3113322229ns5:ShareCapitalns10:Original2023-07-3113322229ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3113322229ns10:Originalns5:FurnitureFittings2022-02-012023-07-3113322229ns10:Originalns5:FurnitureFittings2023-07-3113322229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-07-3113322229ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3113322229ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3113322229ns5:Securedns10:Original2023-07-3113322229ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-07-3113322229ns10:Originalns5:DeferredTaxation2022-02-012023-07-3113322229ns10:Originalns5:DeferredTaxation2023-07-3113322229ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 13322229 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 31 JULY 2023

FOR

M&S SERVICES LIMITED

M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&S SERVICES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023







DIRECTORS: Mr M R Kerbey
Dr S J Kerbey





REGISTERED OFFICE: 12 Henley Close
Maidenbower
Crawley
West Sussex
RH10 7QU





REGISTERED NUMBER: 13322229 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

BALANCE SHEET
31 JULY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 5 498
Investment property 6 344,724
345,222

CURRENT ASSETS
Cash at bank 10,545

CREDITORS
Amounts falling due within one year 7 111,684
NET CURRENT LIABILITIES (101,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,083

CREDITORS
Amounts falling due after more than
one year

8

(239,146

)

PROVISIONS FOR LIABILITIES 10 (95 )
NET ASSETS 4,842

CAPITAL AND RESERVES
Called up share capital 11 2
Retained earnings 4,840
SHAREHOLDERS' FUNDS 4,842

M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

BALANCE SHEET - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




Dr S J Kerbey - Director



Mr M R Kerbey - Director


M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023


1. STATUTORY INFORMATION

M&S 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable by the company during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at the valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023


3. ACCOUNTING POLICIES - continued
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 period 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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 695
At 31 July 2023 695
DEPRECIATION
Charge for period 197
At 31 July 2023 197
NET BOOK VALUE
At 31 July 2023 498

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 344,724
At 31 July 2023 344,724
NET BOOK VALUE
At 31 July 2023 344,724

The fair value of the property at 31 July 2023 has been arrived at on the basis of a valuation carried out by a director of the company, who is not a professionally qualified valuer. The valuation of £344,724 was arrived at by reference to the market evidence of transaction prices for similar properties in the location where the property is situated.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 7,382
Corporation tax 992
Directors' current accounts 101,931
Accruals and deferred income 1,379
111,684

M&S SERVICES LIMITED (REGISTERED NUMBER: 13322229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 31 JULY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans - 1-2 years 7,381
Bank loans - 2-5 years 22,144
Bank loans over 5 years 209,621
239,146

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 209,621

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 246,528

Bank loans are secured by fixed charges over the company's investment property.

10. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 95

Deferred
tax
£   
Provided during period 95
Balance at 31 July 2023 95

11. CALLED UP SHARE CAPITAL

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