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REGISTERED NUMBER: 09501304 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Methley Commercial Services Ltd

Methley Commercial Services Ltd (Registered number: 09501304)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Methley Commercial Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: G Smith
Mrs J Smith





REGISTERED OFFICE: C/O Hope Agar
24a Marsh Street
Rothwell
Leeds
LS26 0BB





REGISTERED NUMBER: 09501304 (England and Wales)





ACCOUNTANTS: Hope Agar Limited
Chartered Accountants
24a Marsh Street
Rothwell
Leeds
LS26 0BB

Methley Commercial Services Ltd (Registered number: 09501304)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,194 39,054

CURRENT ASSETS
Debtors 5 18,101 10,578
Cash at bank 12,377 17,884
30,478 28,462
CREDITORS
Amounts falling due within one year 6 27,719 32,490
NET CURRENT ASSETS/(LIABILITIES) 2,759 (4,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,953

35,026

CREDITORS
Amounts falling due after more than one
year

7

42,749

50,607
NET LIABILITIES (17,796 ) (15,581 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,896 ) (15,681 )
SHAREHOLDERS' FUNDS (17,796 ) (15,581 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Methley Commercial Services Ltd (Registered number: 09501304)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





G Smith - Director


Methley Commercial Services Ltd (Registered number: 09501304)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Methley Commercial Services Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Methley Commercial Services Ltd (Registered number: 09501304)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 58,784
Disposals (16,860 )
At 31 March 2023 41,924
DEPRECIATION
At 1 April 2022
and 31 March 2023 19,730
NET BOOK VALUE
At 31 March 2023 22,194
At 31 March 2022 39,054

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 39,457
DEPRECIATION
At 1 April 2022
and 31 March 2023 17,263
NET BOOK VALUE
At 31 March 2023 22,194
At 31 March 2022 22,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 7,500 3,000
Other debtors 10,601 7,578
18,101 10,578

Methley Commercial Services Ltd (Registered number: 09501304)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 3,084 2,313
Hire purchase contracts 5,431 5,203
Amounts owed to associates 17,000 17,000
Taxation and social security - 333
Other creditors 2,204 7,641
27,719 32,490

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 23,481 26,408
Hire purchase contracts 19,268 24,199
42,749 50,607

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,145 14,072

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs J Smith
Balance outstanding at start of year - -
Amounts advanced 10,307 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,307 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Smith.