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
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
M & S Products Limited
Statement of financial position
as at 31 July 2023
Tangible assets
314,065
285,070
Cash at bank and in hand
47,183
45,787
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
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
M & S Products Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 August 2022
-
119,723
67,030
525
187,278
At 31 July 2023
-
119,723
67,030
525
187,278
At 31 July 2023
271,858
12,497
29,710
-
314,065
At 31 July 2022
271,858
12,497
715
-
285,070
M & S Products Limited
Notes to the Accounts
for the year ended 31 July 2023
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
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).