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REGISTERED NUMBER: 07868066 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Modern Project Services (NW) Limited

Modern Project Services (NW) Limited (Registered number: 07868066)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Modern Project Services (NW) Limited

Company Information
for the Year Ended 30 November 2022







DIRECTORS: P Crowe
D Enright
T A J G Greenwood





REGISTERED OFFICE: 11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX





REGISTERED NUMBER: 07868066 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

Modern Project Services (NW) Limited (Registered number: 07868066)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,191 36,320

CURRENT ASSETS
Stocks 3,125 2,295
Debtors 5 2,058,992 1,971,247
Cash at bank 80,509 184,421
2,142,626 2,157,963
CREDITORS
Amounts falling due within one year 6 1,391,100 1,507,110
NET CURRENT ASSETS 751,526 650,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,717

687,173

CREDITORS
Amounts falling due after more than
one year

7

31,757

-
NET ASSETS 800,960 687,173

CAPITAL AND RESERVES
Called up share capital 9 75 100
Capital redemption reserve 25 -
Retained earnings 800,860 687,073
SHAREHOLDERS' FUNDS 800,960 687,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

Modern Project Services (NW) Limited (Registered number: 07868066)

Balance Sheet - continued
30 November 2022


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 30 August 2023 and were signed on its behalf by:





P Crowe - Director


Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Modern Project Services (NW) Limited 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 - 33% on cost, 33% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 120,458
Additions 106,815
Disposals (68,638 )
At 30 November 2022 158,635
DEPRECIATION
At 1 December 2021 84,138
Charge for year 36,774
Eliminated on disposal (43,468 )
At 30 November 2022 77,444
NET BOOK VALUE
At 30 November 2022 81,191
At 30 November 2021 36,320

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
Additions 42,105
At 30 November 2022 42,105
DEPRECIATION
Charge for year 15,671
At 30 November 2022 15,671
NET BOOK VALUE
At 30 November 2022 26,434

5. DEBTORS
30.11.22 30.11.21
£    £   
Amounts falling due within one year:
Trade debtors 1,006,904 901,671
Amounts due from group
undertakings

230,817

360,061
Other debtors 791,401 670,834
Directors' current accounts 11,600 18,868
VAT - 9,069
Deferred tax asset 7,278 1,063
Prepayments 6,843 5,532
2,054,843 1,967,098

Amounts falling due after more than one year:
S455 ICTA tax 4,149 4,149

Aggregate amounts 2,058,992 1,971,247

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 7,851 -
Other loans 178,335 229,239
Hire purchase contracts 5,099 -
Trade creditors 867,450 979,918
Tax 192,858 219,434
Social security and other taxes 18,931 54,057
VAT 45,585 -
Other creditors 12,155 11,934
Directors' current accounts 51,526 -
Accruals and deferred income 11,310 12,528
1,391,100 1,507,110

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.22 30.11.21
£    £   
Hire purchase contracts 31,757 -

8. DEFERRED TAX
£   
Balance at 1 December 2021 (1,063 )
Balance at 30 November 2022 (1,063 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.22 30.11.21
value: £    £   
100 Ordinary 1 75 100