Company Registration No. 5382903 (England and Wales)
MSP Brickwork Limited
Unaudited accounts
for the year ended 31 March 2024
MSP Brickwork Limited
Unaudited accounts
Contents
MSP Brickwork Limited
Company Information
for the year ended 31 March 2024
Company Number
5382903 (England and Wales)
Registered Office
59-60 Thames Street
Windsor
Berkshire
SL4 1TX
United Kingdom
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
MSP Brickwork Limited
Statement of financial position
as at 31 March 2024
Tangible assets
54,752
80,434
Cash at bank and in hand
60
58
Creditors: amounts falling due within one year
(369,469)
(406,856)
Net current (liabilities)/assets
(88,153)
259,932
Total assets less current liabilities
(33,401)
340,366
Creditors: amounts falling due after more than one year
(89,265)
(154,801)
Provisions for liabilities
Net (liabilities)/assets
(122,666)
165,877
Called up share capital
100
100
Profit and loss account
(122,766)
165,777
Shareholders' funds
(122,666)
165,877
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 17 April 2024 and were signed on its behalf by
Michael Payne
Director
Company Registration No. 5382903
MSP Brickwork Limited
Notes to the Accounts
for the year ended 31 March 2024
MSP Brickwork Limited is a private company, limited by shares, registered in England and Wales, registration number 5382903. The registered office is 59-60 Thames Street, Windsor, Berkshire, SL4 1TX, United Kingdom.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
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.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
MSP Brickwork Limited
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
132,395
1,008
133,403
Disposals
(26,377)
-
(26,377)
At 31 March 2024
106,018
1,008
107,026
At 1 April 2023
52,767
202
52,969
Charge for the year
13,526
161
13,687
On disposals
(14,382)
-
(14,382)
At 31 March 2024
51,911
363
52,274
At 31 March 2024
54,107
645
54,752
At 31 March 2023
79,628
806
80,434
Amounts falling due within one year
Trade debtors
239,409
629,751
Accrued income and prepayments
7,859
16,044
Other debtors
33,789
3,612
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
356,770
307,087
Trade creditors
5,954
38,331
Taxes and social security
1,692
35,230
Loans from directors
-
9,451
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
MSP Brickwork Limited
Notes to the Accounts
for the year ended 31 March 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
(9,451)
46,446
19,876
17,119
(9,451)
46,446
19,876
17,119
The loan to the director is fully repayable and interest free.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).