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REGISTERED NUMBER: 08118942 (England and Wales)


















Middleton Sales Rooms (MSR) Ltd

Financial Statements for the Year Ended 31 July 2023






Middleton Sales Rooms (MSR) Ltd (Registered number: 08118942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Middleton Sales Rooms (MSR) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: JH Cornford





REGISTERED OFFICE: 25 Townley Street
Middleton
Manchester
M24 1AT





REGISTERED NUMBER: 08118942 (England and Wales)






Middleton Sales Rooms (MSR) Ltd (Registered number: 08118942)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 277 355

CURRENT ASSETS
Stocks 5 11,250 11,250
Debtors 6 1,324 684
Cash at bank and in hand 7,986 13,744
20,560 25,678
CREDITORS
Amounts falling due within one year 7 8,579 11,377
NET CURRENT ASSETS 11,981 14,301
TOTAL ASSETS LESS CURRENT LIABILITIES 12,258 14,656

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 12,158 14,556
SHAREHOLDERS' FUNDS 12,258 14,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2024 and were signed by:





JH Cornford - Director


Middleton Sales Rooms (MSR) Ltd (Registered number: 08118942)

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

1. STATUTORY INFORMATION

Middleton Sales Rooms (MSR) 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 441 500 4,000 4,941
DEPRECIATION
At 1 August 2022 339 472 3,775 4,586
Charge for year 15 7 56 78
At 31 July 2023 354 479 3,831 4,664
NET BOOK VALUE
At 31 July 2023 87 21 169 277
At 31 July 2022 102 28 225 355

Middleton Sales Rooms (MSR) Ltd (Registered number: 08118942)

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

5. STOCKS
31.7.23 31.7.22
£    £   
Stocks 11,250 11,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 700 -
Prepayments and accrued income 624 684
1,324 684

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 4,300 8,615
Tax 781 407
Social security and other taxes - 254
VAT 2,372 1,320
Directors' current accounts 502 132
Accrued expenses 624 649
8,579 11,377

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 14,556
Profit for the year 3,182
Dividends (5,580 )
At 31 July 2023 12,158