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Company Registration No. 03601511 (England and Wales)
M & S Products Limited Unaudited accounts for the year ended 31 July 2023
M & S Products Limited Unaudited accounts Contents
Page
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M & S Products Limited Company Information for the year ended 31 July 2023
Directors
Martyn Hornsby Sue Hornsby
Company Number
03601511 (England and Wales)
Registered Office
UNIT 5 CROMWELL CENTRE 32 THAMES ROAD BARKING ESSEX IG11 0HZ ENGLAND
Accountants
Finer Accountancy Ltd 36 Brook Lane Galleywood Chelmsford Essex CM2 8NL
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M & S Products Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
314,065 
285,070 
Current assets
Inventories
20,624 
12,374 
Debtors
80,540 
147,564 
Cash at bank and in hand
47,183 
45,787 
148,347 
205,725 
Creditors: amounts falling due within one year
(211,254)
(273,670)
Net current liabilities
(62,907)
(67,945)
Total assets less current liabilities
251,158 
217,125 
Creditors: amounts falling due after more than one year
(10,919)
(17,339)
Net assets
240,239 
199,786 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
240,139 
199,686 
Shareholders' funds
240,239 
199,786 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2023 and were signed on its behalf by
Martyn Hornsby Director Company Registration No. 03601511
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M & S Products Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
M & S Products Limited is a private company, limited by shares, registered in England and Wales, registration number 03601511. The registered office is UNIT 5 CROMWELL CENTRE, 32 THAMES ROAD, BARKING, ESSEX, IG11 0HZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
271,858 
132,220 
67,745 
525 
472,348 
Additions
- 
- 
28,995 
- 
28,995 
At 31 July 2023
271,858 
132,220 
96,740 
525 
501,343 
Depreciation
At 1 August 2022
- 
119,723 
67,030 
525 
187,278 
At 31 July 2023
- 
119,723 
67,030 
525 
187,278 
Net book value
At 31 July 2023
271,858 
12,497 
29,710 
- 
314,065 
At 31 July 2022
271,858 
12,497 
715 
- 
285,070 
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M & S Products Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,540 
147,564 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
15,126 
22,950 
VAT
3,980 
(4,357)
Obligations under finance leases and hire purchase contracts
20,193 
- 
Trade creditors
58,869 
99,542 
Taxes and social security
2,695 
27,593 
Loans from directors
110,391 
127,192 
Accruals
- 
750 
211,254 
273,670 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,919 
17,339 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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