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Company Registration No. 6076600 (England and Wales)
M & S Resin Contracts Limited Unaudited accounts for the year ended 31 January 2024
M & S Resin Contracts Limited Unaudited accounts Contents
Page
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M & S Resin Contracts Limited Company Information for the year ended 31 January 2024
Director
MC Stelfox
Company Number
6076600 (England and Wales)
Registered Office
123 Cross Lane East Gravesend Kent DA12 5HA
Accountants
Clayton Stirling 123 Cross Lane East Gravesend Kent DA12 5HA
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M & S Resin Contracts Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,039 
12,958 
Current assets
Inventories
4,500 
4,500 
Debtors
69,398 
108,233 
Cash at bank and in hand
18,669 
52,923 
92,567 
165,656 
Creditors: amounts falling due within one year
(20,679)
(39,229)
Net current assets
71,888 
126,427 
Net assets
99,927 
139,385 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
99,827 
139,285 
Shareholders' funds
99,927 
139,385 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2024 and were signed on its behalf by
MC Stelfox Director Company Registration No. 6076600
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M & S Resin Contracts Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
M & S Resin Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 6076600. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
10% reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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M & S Resin Contracts Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
4,355 
23,718 
28,073 
Additions
903 
17,025 
17,928 
Disposals
(1,123)
- 
(1,123)
At 31 January 2024
4,135 
40,743 
44,878 
Depreciation
At 1 February 2023
2,956 
12,159 
15,115 
Charge for the year
336 
2,511 
2,847 
On disposals
(1,123)
- 
(1,123)
At 31 January 2024
2,169 
14,670 
16,839 
Net book value
At 31 January 2024
1,966 
26,073 
28,039 
At 31 January 2023
1,399 
11,559 
12,958 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
9,055 
- 
Trade debtors
25,468 
100,315 
Other debtors
34,875 
7,918 
69,398 
108,233 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
18,904 
6,714 
Taxes and social security
- 
22,673 
Other creditors
977 
563 
Loans from directors
- 
8,595 
Accruals
798 
684 
20,679 
39,229 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
MC Stelfox
Director
- 
9,086 
- 
9,086 
- 
9,086 
- 
9,086 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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