MES Holdings Group Ltd 11587712 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11587712 2022-10-01 2023-09-30 11587712 2023-09-30 11587712 core:CurrentFinancialInstruments 2023-09-30 11587712 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 11587712 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 11587712 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 11587712 bus:SmallEntities 2022-10-01 2023-09-30 11587712 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 11587712 bus:FilletedAccounts 2022-10-01 2023-09-30 11587712 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 11587712 bus:RegisteredOffice 2022-10-01 2023-09-30 11587712 bus:Director1 2022-10-01 2023-09-30 11587712 bus:Director2 2022-10-01 2023-09-30 11587712 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11587712 countries:EnglandWales 2022-10-01 2023-09-30 11587712 2022-09-30 11587712 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 11587712 2021-10-01 2022-09-30 11587712 2022-09-30 11587712 core:CurrentFinancialInstruments 2022-09-30 11587712 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 11587712 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 11587712 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 11587712

MES Holdings Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Company Information

Directors

Mr Elliot George Saunders

Mr Matthew Robert Saunders

Registered office

19 Linden Avenue
Ruislip
England
HA4 8TW

Accountants

MG Accountants & Tax Advisers Ltd
Charterd Accountants
166 College Road
Harrow
HA1 1BH

 

(Registration number: 11587712)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

172,313

172,313

Current assets

 

Debtors

5

10,534

6,000

Cash at bank and in hand

 

13,779

31,964

 

24,313

37,964

Creditors: Amounts falling due within one year

6

(804)

(4,427)

Net current assets

 

23,509

33,537

Total assets less current liabilities

 

195,822

205,850

Creditors: Amounts falling due after more than one year

6

(29,072)

(38,870)

Net assets

 

166,750

166,980

Capital and reserves

 

Called up share capital

100

100

Retained earnings

166,650

166,880

Shareholders' funds

 

166,750

166,980

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 June 2024 and signed on its behalf by:
 

 

(Registration number: 11587712)
Balance Sheet as at 30 September 2023

.........................................
Mr Elliot George Saunders
Director

.........................................
Mr Matthew Robert Saunders
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Linden Avenue
Ruislip
England
HA4 8TW
England

These financial statements were authorised for issue by the Board on 26 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2022

172,313

172,313

At 30 September 2023

172,313

172,313

Depreciation

Carrying amount

At 30 September 2023

172,313

172,313

At 30 September 2022

172,313

172,313

Included within the net book value of land and buildings above is £172,313 (2022 - £172,313) in respect of freehold land and buildings.
 


Tangible assets held at valuation

Where the revaluation model is used under FRS 102, the only requirement is to keep the valuations sufficiently up to date such that the carrying value is not materially different from fair value. There is no
requirement for independent or qualified valuers. Therefore, the director’s opinion is that property value has not changed up to the financial year-end date since acquired.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

10,534

6,000

 

10,534

6,000

 

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

804

3,960

Other creditors

-

467

804

4,427

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

29,072

38,870

7

Related party transactions

During the year company made the following related party transactions:

(Directors)
At the balance sheet date, the amount due from the directors was £4,483 (2022 was (£467)).