MISSISSIPPI CONNECTICUT LTD

Company Registration Number:
11757670 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

MISSISSIPPI CONNECTICUT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MISSISSIPPI CONNECTICUT LTD

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 7,916,455 5,473,902
Cost of sales: ( 3,697,460 ) ( 2,845,030 )
Gross profit(or loss): 4,218,995 2,628,872
Distribution costs: ( 318,519 ) ( 138,419 )
Administrative expenses: ( 824,931 ) ( 479,157 )
Operating profit(or loss): 3,075,545 2,011,296
Profit(or loss) before tax: 3,075,545 2,011,296
Tax: ( 584,354 ) ( 382,146 )
Profit(or loss) for the financial year: 2,491,191 1,629,150

MISSISSIPPI CONNECTICUT LTD

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,519,350 1,164,930
Total fixed assets: 2,519,350 1,164,930
Current assets
Stocks: 4 1,427,584 795,944
Debtors: 5 764,595 890,317
Cash at bank and in hand: 228,467 193,779
Total current assets: 2,420,646 1,880,040
Creditors: amounts falling due within one year: 6 ( 819,655 ) ( 659,877 )
Net current assets (liabilities): 1,600,991 1,220,163
Total assets less current liabilities: 4,120,341 2,385,093
Creditors: amounts falling due after more than one year: 7 ( 2,172 )
Total net assets (liabilities): 4,120,341 2,382,921
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 4,120,340 2,382,920
Total Shareholders' funds: 4,120,341 2,382,921

The notes form part of these financial statements

MISSISSIPPI CONNECTICUT LTD

Balance sheet statements

For the year ending 31 January 2024 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 3 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 2024

  • 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 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 8

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 805,961 67,918 57,859 71,229 223,935 1,226,902
Additions 999,037 142,889 96,667 22,432 227,897 1,488,922
Disposals
Revaluations
Transfers
At 31 January 2024 1,804,998 210,807 154,526 93,661 451,832 2,715,824
Depreciation
At 1 February 2023 9,344 7,549 10,364 34,715 61,972
Charge for year 29,768 22,866 14,094 67,774 134,502
On disposals
Other adjustments
At 31 January 2024 39,112 30,415 24,458 102,489 196,474
Net book value
At 31 January 2024 1,804,998 171,695 124,111 69,203 349,343 2,519,350
At 31 January 2023 805,961 58,574 50,310 60,865 189,220 1,164,930

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Stocks

2024 2023
£ £
Stocks 1,427,584 795,944
Total 1,427,584 795,944

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors

2024 2023
£ £
Trade debtors 764,595 890,317
Total 764,595 890,317

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 235,301 277,731
Taxation and social security 584,354 382,146
Total 819,655 659,877

MISSISSIPPI CONNECTICUT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

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