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M.S.E. Projects Limited
 
 
Company Registration Number
12874548
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2022
 
End date 31/03/2023
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
M.S.E. Projects Limited
 
Contents of the Financial Statements
for the Period Ended 31 March 2023
 
 
Page
Company Information 3
 
Abridged Balance Sheet 4 - 5
 
Notes to the Financial Statements 6 - 9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
M.S.E. Projects Limited
 
Company Information
for the Period Ended 31 March 2023
 
Directors Martyn Sear
Jamie Sear
 
 
Registered office 314 Midsummer Boulevard
Midsummer Court
Milton Keynes
MK9 2UB
 
Company Registration Number 12874548
 
Accountants Name Derngate Advisory Services Ltd
Address 10 Lenton Close
Broughton
Kettering
Northants
NN14 1PG
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
M.S.E. Projects Limited
Balance Sheet
for the Period Ended 31 March 2023
Company registration number 12874548
2023 2,022
Notes £ £
Fixed assets
Tangible fixed assets 2 6,332 7,077
_______ _______
Total fixed assets 6,332 7,077
Current assets
Debtors 3 100,031 19,602
Cash at bank and in hand 8,075 53,862
_______ _______
Total current assets/(liabilities) 108,106 73,464
Creditors
Creditors - amounts falling
due within one year 4 26,144 28,257
_______ _______
Net current assets 81,962 45,207
_______ _______
Total assets less current liabilities 88,294 52,284
_______ _______
Creditors - amounts falling
due after more than one year 5 21,642 179
_______ _______
Long term creditors 21,642 179
_____ _____
Net assets/(liabilities) 66,652 52,105
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 7 66,650 52,103
_____ _____
Total shareholders funds 66,652 52,105
 
 
 
 
 
 
 
 
Page 4
M.S.E. Projects Limited
 
Balance Sheet
for the Period Ended 31 March 2023
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 March 2023 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2023-11-13
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Martyn Sear
 
The notes form part of these financial statements
Average number of employees during period 2
 
 
 
 
 
 
 
Page 5
M.S.E. Projects Limited
Notes to the Financial Statements
for the Period Ended 31 March 2023
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles 10% Straight Line Method
Pension costs
The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 6
M.S.E. Projects Limited
Notes to the Financial Statements
for the Period Ended 31 March 2023
2. Tangible fixed assets
Motor Total
vehicles
Cost £ £
At 1 April 2022 7,450 7,450
____ ____
At 31 March 2023 7,450 7,450
Depreciation
At 1 April 2022 373 373
Charge for year 745 745
____ ____
At 31 March 2023 1,118 1,118
Net book value
At 31 March 2023 6,332 6,332
At 31 March 2022 7,077 7,077
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
M.S.E. Projects Limited
Notes to the Financial Statements
for the Period Ended 31 March 2023
3. Debtors 2023 2,022
Trade debtors 100,031 19,602
______ _____
Total 100,031 19,602
4. Creditors amounts falling due within one year 2023 2,022
Trade creditors 555 283
Corporation tax 8,771 16,653
Other taxation and social security 15,718 10,121
Accruals and deferred income 1,100 1,200
_____ _____
Total 26,144 28,257
5. Creditors amounts falling due after more than one year 2023 2,022
Other creditors 21,642 179
_____ ___
Total 21,642 179
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
M.S.E. Projects Limited
Notes to the Financial Statements
for the Period Ended 31 March 2023
6. Share capital 2023 2,022
Authorised type Par value £ £
Ordinary Shares 1 2 2
_ _
Total 2 2
Allotted, called up and paid £ £
Ordinary Shares 2 2
_ _
Total 2 2
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2022 52,103
Profit/(Loss) for year 36,547
Dividends paid 22,000
_____
Retained Profit/(Loss) at 31 March 2023 66,650
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9