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Registered Number: 09420455
England and Wales

 

 

 

MSB INTERNATIONAL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
  2023   2022
    £ £   £ £
Fixed assets   554      831 
Current assets 177,339      366,237   
Prepayments and accrued income     4,657   
Creditors: amount falling due within one year (220,215)     (323,181)  
Net current liabilities   (42,876)     47,713 
Total assets less current liabilities   (42,322)     48,544 
Creditors: amount falling due after more than one year   (77,173)     (92,038)
Net liabilities   (119,495)     (43,494)
 

         
Capital and reserves   (119,495)     (43,494)
 
NOTES TO THE ACCOUNTS

General Information
MSB INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 09420455, registration address Unit P, Gunnels Wood Park , Stevenage, Herts, SG1 2BH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 March 2022 180    2,850    3,030 
Additions    
Disposals    
At 28 February 2023 180    2,850    3,030 
Depreciation
At 01 March 2022 180    2,019    2,199 
Charge for year   277    277 
On disposals    
At 28 February 2023 180    2,296    2,476 
Net book values
Closing balance as at 28 February 2023   554    554 
Opening balance as at 01 March 2022   831    831 


3.

Average number of employees

Average number of employees during the year was 7 (2022 : 6).


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 23 November 2023 and were signed on its behalf by:


--------------------------------
S Stott
Director
1