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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
Page
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MSP Brickwork Limited Company Information for the year ended 31 March 2024
Director
Michael Payne
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
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MSP Brickwork Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,752 
80,434 
Current assets
Debtors
281,256 
666,730 
Cash at bank and in hand
60 
58 
281,316 
666,788 
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
Deferred tax
- 
(19,688)
Net (liabilities)/assets
(122,666)
165,877 
Capital and reserves
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
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MSP Brickwork Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
2
Accounting policies
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
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 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
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 taxation
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.
Pension costs
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.
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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 
Depreciation
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 
Net book value
At 31 March 2024
54,107 
645 
54,752 
At 31 March 2023
79,628 
806 
80,434 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
199 
17,323 
Trade debtors
239,409 
629,751 
Accrued income and prepayments
7,859 
16,044 
Other debtors
33,789 
3,612 
281,256 
666,730 
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 
Other creditors
253 
1,003 
Loans from directors
- 
9,451 
Accruals
4,800 
15,754 
369,469 
406,856 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
89,265 
154,801 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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MSP Brickwork Limited Notes to the Accounts for the year ended 31 March 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael Payne
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).
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