REGISTERED NUMBER: |
Financial Statements for the Period 1 May 2022 to 31 May 2023 |
for |
MST Projects Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Non-distributable reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts chargeable to clients for professional services provided during the period including recoverable expenses, but excluding VAT. |
Tangible fixed assets |
Equipment | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
Additions |
At 31 May 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for period |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST OR VALUATION |
At 1 May 2022 |
Additions |
Disposals | ( |
) |
Revaluations | ( |
) |
At 31 May 2023 |
NET BOOK VALUE |
At 31 May 2023 |
At 30 April 2022 |
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 |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.23 | 30.4.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
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 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
Interest has been charged at the official rate. This loan is repayable on demand |