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REGISTERED NUMBER: 07222289 (England and Wales)















Financial Statements for the Period 1 May 2022 to 31 May 2023

for

MST Projects Limited

MST Projects Limited (Registered number: 07222289)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MST Projects Limited

Company Information
for the Period 1 May 2022 to 31 May 2023







DIRECTOR: M J Tupling





REGISTERED OFFICE: 5 Myddleton View
Off Parish Ghyll Drive
Ilkley
West Yorkshire
LS29 9FA





REGISTERED NUMBER: 07222289 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

MST Projects Limited (Registered number: 07222289)

Balance Sheet
31 May 2023

31.5.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,313 850
Investments 5 193,896 205,726
212,209 206,576

CURRENT ASSETS
Debtors 6 40,816 7,883
Cash at bank 12,101 41,815
52,917 49,698
CREDITORS
Amounts falling due within one year 7 29,075 24,173
NET CURRENT ASSETS 23,842 25,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,051

232,101

PROVISIONS FOR LIABILITIES 19,617 13,808
NET ASSETS 216,434 218,293

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 45,117 58,123
Retained earnings 171,217 160,070
SHAREHOLDERS' FUNDS 216,434 218,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MST Projects Limited (Registered number: 07222289)

Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2024 and were signed by:





M J Tupling - Director


MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

MST Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the period including recoverable expenses, but excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation
Taxation for the period 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
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are held at year end market value. Any surplus or deficit arising from changes in the market value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 1,625 885 6,147 8,657
Additions 20,781 - - 20,781
At 31 May 2023 22,406 885 6,147 29,438
DEPRECIATION
At 1 May 2022 1,625 246 5,936 7,807
Charge for period 3,117 95 106 3,318
At 31 May 2023 4,742 341 6,042 11,125
NET BOOK VALUE
At 31 May 2023 17,664 544 105 18,313
At 30 April 2022 - 639 211 850

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 May 2022 205,726
Additions 39
Disposals (268 )
Revaluations (11,601 )
At 31 May 2023 193,896
NET BOOK VALUE
At 31 May 2023 193,896
At 30 April 2022 205,726

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 May 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2023 is represented by:

Listed
investments
£   
Valuation in 2015 8,519
Valuation in 2016 (7,083 )
Valuation in 2017 27,020
Valuation in 2018 (3,181 )
Valuation in 2019 22,387
Valuation in 2020 (5,563 )
Valuation in 2021 22,231
Valuation in 2022 7,427
Valuation in 2023 (11,601 )
Cost 133,740
193,896

6. DEBTORS
31.5.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 9,180 -
Other debtors 24,384 7,883
33,564 7,883

Amounts falling due after more than one year:
Other debtors 7,252 -

Aggregate amounts 40,816 7,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 30.4.22
£    £   
Trade creditors 4,223 227
Taxation and social security 23,786 22,071
Other creditors 1,066 1,875
29,075 24,173

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 May 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2023 and the year ended 30 April 2022:

31.5.23 30.4.22
£    £   
M J Tupling
Balance outstanding at start of period (127 ) (18,707 )
Amounts advanced 91,390 97,506
Amounts repaid (69,775 ) (78,926 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 21,488 (127 )

Interest has been charged at the official rate. This loan is repayable on demand