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REGISTERED NUMBER: 10626862 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MSW SURFACING & GROUNDWORKS LIMITED

MSW SURFACING & GROUNDWORKS LIMITED (REGISTERED NUMBER: 10626862)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MSW SURFACING & GROUNDWORKS LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2024







DIRECTORS: Mr M S West
Mr S A West





SECRETARY: Mrs A J Rhodes





REGISTERED OFFICE: 5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 10626862 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

MSW SURFACING & GROUNDWORKS LIMITED (REGISTERED NUMBER: 10626862)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,375 29,885

CURRENT ASSETS
Debtors 5 198,269 182,669
Cash at bank 103,568 35,969
301,837 218,638
CREDITORS
Amounts falling due within one year 6 52,813 54,513
NET CURRENT ASSETS 249,024 164,125
TOTAL ASSETS LESS CURRENT LIABILITIES 275,399 194,010

PROVISIONS FOR LIABILITIES 5,011 5,678
NET ASSETS 270,388 188,332

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 270,386 188,330
SHAREHOLDERS' FUNDS 270,388 188,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




Mr M S West - Director


MSW SURFACING & GROUNDWORKS LIMITED (REGISTERED NUMBER: 10626862)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

MSW Surfacing & Groundworks 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

MSW SURFACING & GROUNDWORKS LIMITED (REGISTERED NUMBER: 10626862)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 64,088
Additions 8,000
Disposals (9,220 )
At 29 February 2024 62,868
DEPRECIATION
At 1 March 2023 34,203
Charge for year 9,205
Eliminated on disposal (6,915 )
At 29 February 2024 36,493
NET BOOK VALUE
At 29 February 2024 26,375
At 28 February 2023 29,885

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 58,026 46,330
Other debtors 6,910 3,006
64,936 49,336

Amounts falling due after more than one year:
Amounts owed by participating interests 133,333 133,333

Aggregate amounts 198,269 182,669

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,616 23,277
Taxation and social security 24,718 12,844
Other creditors 3,479 18,392
52,813 54,513

MSW SURFACING & GROUNDWORKS LIMITED (REGISTERED NUMBER: 10626862)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 February 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
2 2