Registered number
06074762
MSP Design and Consult Limited
Filleted Accounts
31 March 2023
MSP Design and Consult Limited
Registered number: 06074762
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 234 234
Cash at bank and in hand 63,461 32,707
63,695 32,941
Creditors: amounts falling due within one year 5 (20,602) (24,657)
Net current assets 43,093 8,284
Net assets 43,093 8,284
Capital and reserves
Called up share capital 9 9
Profit and loss account 43,084 8,275
Shareholders' funds 43,093 8,284
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.Price
Director
Approved by the board on 9 November 2023
MSP Design and Consult Limited
Notes to the Accounts
for the year ended 31 March 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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, 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 over 3 years
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 April 2022 1,884
At 31 March 2023 1,884
Depreciation
At 1 April 2022 1,884
At 31 March 2023 1,884
Net book value
At 31 March 2023 -
4 Debtors 2023 2022
£ £
Other debtors 234 234
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 900 864
Corporation tax 15,702 16,998
Other creditors 4,000 6,795
20,602 24,657
6 Other information
MSP Design and Consult Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Kensington Road
Barnsley
South Yorkshire
S75 2TX
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