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REGISTERED NUMBER: 11063232 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MES FINANCIAL SERVICES LIMITED

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MES FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: Mr D M Johnstone
Mr C J F Law





REGISTERED OFFICE: 31 College Green
First Floor
Bristol
BS1 5TB





REGISTERED NUMBER: 11063232 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,159 13,702
Investments 5 2 -
16,161 13,702

CURRENT ASSETS
Debtors 6 79,471 29,956
Cash at bank 166,613 57,640
246,084 87,596
CREDITORS
Amounts falling due within one year 7 91,671 30,382
NET CURRENT ASSETS 154,413 57,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,574

70,916

CREDITORS
Amounts falling due after more than one
year

8

34,205

6,667
NET ASSETS 136,369 64,249

CAPITAL AND RESERVES
Called up share capital 32,240 32,240
Retained earnings 104,129 32,009
136,369 64,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

BALANCE SHEET - continued
30 November 2023


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 16 August 2024 and were signed on its behalf by:





Mr C J F Law - Director


MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

MES Financial Services 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 - - 27,823 27,823
Additions 5,754 1,458 2,257 9,469
At 30 November 2023 5,754 1,458 30,080 37,292
DEPRECIATION
At 1 December 2022 - - 14,121 14,121
Charge for year 729 120 6,163 7,012
At 30 November 2023 729 120 20,284 21,133
NET BOOK VALUE
At 30 November 2023 5,025 1,338 9,796 16,159
At 30 November 2022 - - 13,702 13,702

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 2
At 30 November 2023 2
NET BOOK VALUE
At 30 November 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,044 26,940
Other debtors 20,427 3,016
79,471 29,956

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,548 2,500
Trade creditors 11,855 8,640
Amounts owed to group undertakings 2 -
Taxation and social security 58,910 18,092
Other creditors 4,356 1,150
91,671 30,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 34,205 6,667

9. LEASING AGREEMENTS
The total future minimum lease payments under non-cancellable operating leases at 30th November 2023 was £52,793

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr C J F Law
Balance outstanding at start of year - -
Amounts advanced 6,846 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,846 -