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Company Registration No. 12404610 (England and Wales)
MSL Lifestyle Ltd Unaudited accounts for the year ended 31 January 2024
MSL Lifestyle Ltd Unaudited accounts Contents
Page
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MSL Lifestyle Ltd Company Information for the year ended 31 January 2024
Directors
Michael Steven Littler Shaun Thomas Littler
Company Number
12404610 (England and Wales)
Registered Office
40 Latham Avenue Runcorn Cheshire WA7 5DT England
Accountants
Robert McNevin 24 Wellfield Street Warrington Cheshiew WA5 1AZ
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MSL Lifestyle Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,825 
2,100 
Cash at bank and in hand
125 
918 
1,950 
3,018 
Creditors: amounts falling due within one year
(11,703)
(10,722)
Net current liabilities
(9,753)
(7,704)
Net liabilities
(9,753)
(7,704)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(9,755)
(7,706)
Shareholders' funds
(9,753)
(7,704)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Michael Steven Littler Director Company Registration No. 12404610
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MSL Lifestyle Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
MSL Lifestyle Ltd is a private company, limited by shares, registered in England and Wales, registration number 12404610. The registered office is 40 Latham Avenue, , Runcorn, Cheshire, WA7 5DT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Inventories
2024 
2023 
£ 
£ 
Finished goods
1,825 
2,100 
1,825 
2,100 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
11,173 
10,192 
Accruals
530 
530 
11,703 
10,722 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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