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
M & S Resin Contracts Limited
Company Information
for the year ended 31 January 2024
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
M & S Resin Contracts Limited
Statement of financial position
as at 31 January 2024
Tangible assets
28,039
12,958
Cash at bank and in hand
18,669
52,923
Creditors: amounts falling due within one year
(20,679)
(39,229)
Net current assets
71,888
126,427
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
M & S Resin Contracts Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
M & S Resin Contracts Limited
Notes to the Accounts
for the year ended 31 January 2024
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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
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
At 31 January 2024
1,966
26,073
28,039
At 31 January 2023
1,399
11,559
12,958
Amounts falling due within one year
Trade debtors
25,468
100,315
Other debtors
34,875
7,918
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
18,904
6,714
Taxes and social security
-
22,673
Loans from directors
-
8,595
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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Average number of employees
During the year the average number of employees was 1 (2023: 1).