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REGISTERED NUMBER: 05274703 (England and Wales)










Financial Statements

for the Year Ended 31st December 2023

for

M S Upholstery Ltd

M S Upholstery Ltd (Registered number: 05274703)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M S Upholstery Ltd

Company Information
for the Year Ended 31st December 2023







Director: Y A Seedat





Registered office: Weir Street
Blackburn
Lancashire
BB2 2BB





Registered number: 05274703 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

M S Upholstery Ltd (Registered number: 05274703)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 38,038 48,595

Current assets
Stocks 10,150 9,700
Debtors 5 33,415 67,765
Cash at bank and in hand 98,244 120,060
141,809 197,525
Creditors
Amounts falling due within one year 6 78,183 42,208
Net current assets 63,626 155,317
Total assets less current liabilities 101,664 203,912

Capital and reserves
Called up share capital 7 100 100
Retained earnings 101,564 203,812
Shareholders' funds 101,664 203,912

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 director and authorised for issue on 12th July 2024 and were signed by:





Y A Seedat - Director


M S Upholstery Ltd (Registered number: 05274703)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. Statutory information

M S Upholstery Ltd 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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 22 (2022 - 24 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1st January 2023
and 31st December 2023 50,456 43,538 39,800 133,794
Depreciation
At 1st January 2023 45,601 31,638 7,960 85,199
Charge for year 1,214 2,975 6,368 10,557
At 31st December 2023 46,815 34,613 14,328 95,756
Net book value
At 31st December 2023 3,641 8,925 25,472 38,038
At 31st December 2022 4,855 11,900 31,840 48,595

M S Upholstery Ltd (Registered number: 05274703)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 33,415 67,765

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 16,479 23,793
Taxation and social security 18,804 11,515
Other creditors 42,900 6,900
78,183 42,208

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ordinary £1 100 100