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REGISTERED NUMBER: 04002394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MSK LOGISTICS LIMITED

MSK LOGISTICS LIMITED (REGISTERED NUMBER: 04002394)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MSK LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: M V Budd
S J Ide





SECRETARY: S J Ide





REGISTERED OFFICE: Unit 32
Bolney Grange Business Park
Bolney
RH17 5PB





REGISTERED NUMBER: 04002394 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

MSK LOGISTICS LIMITED (REGISTERED NUMBER: 04002394)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,965 67,639

CURRENT ASSETS
Debtors 5 734,273 812,637
Cash at bank and in hand 298,205 224,460
1,032,478 1,037,097
CREDITORS
Amounts falling due within one year 6 393,543 447,753
NET CURRENT ASSETS 638,935 589,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,900

656,983

PROVISIONS FOR LIABILITIES 8 15,726 11,790
NET ASSETS 710,174 645,193

CAPITAL AND RESERVES
Called up share capital 9 10,100 10,100
Retained earnings 10 700,074 635,093
SHAREHOLDERS' FUNDS 710,174 645,193

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:



M V Budd - Director


MSK LOGISTICS LIMITED (REGISTERED NUMBER: 04002394)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

MSK Logistics 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.

Turnover
Turnover represents the net invoiced value of services supplied, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

MSK LOGISTICS LIMITED (REGISTERED NUMBER: 04002394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 7,536 12,231 133,316 58,594 211,677
Additions - - 38,670 3,368 42,038
Disposals - - (16,000 ) - (16,000 )
At 31 October 2023 7,536 12,231 155,986 61,962 237,715
DEPRECIATION
At 1 November 2022 6,047 10,186 85,764 42,041 144,038
Charge for year 223 306 18,518 2,989 22,036
Eliminated on disposal - - (15,324 ) - (15,324 )
At 31 October 2023 6,270 10,492 88,958 45,030 150,750
NET BOOK VALUE
At 31 October 2023 1,266 1,739 67,028 16,932 86,965
At 31 October 2022 1,489 2,045 47,552 16,553 67,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 449,053 540,425
Other debtors 269,289 264,041
Prepayments 15,931 8,171
734,273 812,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 274,408 377,716
Tax 42,292 42,091
Social security and other taxes 164 559
VAT 6,511 3,954
Other creditors 65,104 18,369
Directors' current accounts 4,629 4,629
Accrued expenses 435 435
393,543 447,753

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 26,000 -
Between one and five years 52,000 -
78,000 -

MSK LOGISTICS LIMITED (REGISTERED NUMBER: 04002394)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 15,726 11,790

Deferred
tax
£   
Balance at 1 November 2022 11,790
Accelerated capital allowances 3,936
Balance at 31 October 2023 15,726

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
19,800 Ordinary 50p 9,900 9,900
200 Ordinary Non Voting £1 200 200
10,100 10,100

10. RESERVES
Retained
earnings
£   

At 1 November 2022 635,093
Profit for the year 163,521
Dividends (98,540 )
At 31 October 2023 700,074

11. OTHER FINANCIAL COMMITMENTS

There is a fixed charge over the assets of MSK Logistics Limited. This is a cross company charge with a company under common control.

12. RELATED PARTY DISCLOSURES

At the balance sheet date there is a loan balance of £262,789 (2022: £264,041) due from MSK Properties Limited, a company under common control.

13. ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors.