MISSISSIPPI CONNECTICUT LTD

Company Registration Number:
11757670 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

MISSISSIPPI CONNECTICUT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MISSISSIPPI CONNECTICUT LTD

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 5,473,902 2,495,875
Cost of sales: ( 2,845,030 ) ( 1,249,657 )
Gross profit(or loss): 2,628,872 1,246,218
Distribution costs: ( 138,419 ) ( 81,692 )
Administrative expenses: ( 479,157 ) ( 233,945 )
Operating profit(or loss): 2,011,296 930,581
Profit(or loss) before tax: 2,011,296 930,581
Tax: ( 382,146 ) ( 176,810 )
Profit(or loss) for the financial year: 1,629,150 753,771

MISSISSIPPI CONNECTICUT LTD

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,164,930 199,849
Total fixed assets: 1,164,930 199,849
Current assets
Stocks: 4 795,944 366,529
Debtors: 5 890,317 403,811
Cash at bank and in hand: 193,779 128,469
Total current assets: 1,880,040 898,809
Creditors: amounts falling due within one year: 6 ( 659,877 ) ( 310,709 )
Net current assets (liabilities): 1,220,163 588,100
Total assets less current liabilities: 2,385,093 787,949
Creditors: amounts falling due after more than one year: 7 ( 2,172 ) ( 8,600 )
Total net assets (liabilities): 2,382,921 779,349
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,382,920 779,348
Total Shareholders' funds: 2,382,921 779,349

The notes form part of these financial statements

MISSISSIPPI CONNECTICUT LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 1 February 2024
and signed on behalf of the board by:

Name: J Aaron
Status: Director

The notes form part of these financial statements

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 6

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2022 95,800 11,774 28,385 45,387 36,862 218,208
Additions 710,161 56,144 29,474 25,842 187,073 1,008,694
Disposals
Revaluations
Transfers
At 31 January 2023 805,961 67,918 57,859 71,229 223,935 1,226,902
Depreciation
At 1 February 2022 1,600 4,158 6,422 6,179 18,359
Charge for year 7,744 3,391 3,942 28,536 43,613
On disposals
Other adjustments
At 31 January 2023 9,344 7,549 10,364 34,715 61,972
Net book value
At 31 January 2023 805,961 58,574 50,310 60,865 189,220 1,164,930
At 31 January 2022 95,800 10,174 24,227 38,965 30,683 199,849

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Stocks

2023 2022
£ £
Stocks 795,944 366,529
Total 795,944 366,529

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Debtors

2023 2022
£ £
Trade debtors 890,317 403,811
Total 890,317 403,811

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 277,731 133,899
Taxation and social security 382,146 176,810
Total 659,877 310,709

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Amounts due under finance leases and hire purchase contracts 2,172 8,600
Total 2,172 8,600