IRIS Accounts Production v24.1.9.2 02271395 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022713952022-11-30022713952023-11-30022713952022-12-012023-11-30022713952021-11-30022713952021-12-012022-11-30022713952022-11-3002271395ns15:EnglandWales2022-12-012023-11-3002271395ns14:PoundSterling2022-12-012023-11-3002271395ns10:Director12022-12-012023-11-3002271395ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3002271395ns10:SmallEntities2022-12-012023-11-3002271395ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3002271395ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3002271395ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3002271395ns10:FullAccounts2022-12-012023-11-3002271395ns10:RegisteredOffice2022-12-012023-11-3002271395ns5:CurrentFinancialInstruments2023-11-3002271395ns5:CurrentFinancialInstruments2022-11-3002271395ns5:ShareCapital2023-11-3002271395ns5:ShareCapital2022-11-3002271395ns5:SharePremium2023-11-3002271395ns5:SharePremium2022-11-3002271395ns5:CapitalRedemptionReserve2023-11-3002271395ns5:CapitalRedemptionReserve2022-11-3002271395ns5:RetainedEarningsAccumulatedLosses2023-11-3002271395ns5:RetainedEarningsAccumulatedLosses2022-11-3002271395ns5:LandBuildings2022-12-012023-11-3002271395ns5:PlantMachinery2022-12-012023-11-3002271395ns5:LandBuildings2022-11-3002271395ns5:PlantMachinery2022-11-3002271395ns5:LandBuildings2023-11-3002271395ns5:PlantMachinery2023-11-3002271395ns5:LandBuildings2022-11-3002271395ns5:PlantMachinery2022-11-3002271395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3002271395ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3002271395ns5:WithinOneYear2023-11-3002271395ns5:WithinOneYear2022-11-3002271395ns5:BetweenOneFiveYears2023-11-3002271395ns5:BetweenOneFiveYears2022-11-3002271395ns5:MoreThanFiveYears2023-11-3002271395ns5:MoreThanFiveYears2022-11-3002271395ns5:AllPeriods2023-11-3002271395ns5:AllPeriods2022-11-30022713951ns10:Director12022-11-30022713951ns10:Director12021-11-30022713951ns10:Director12022-12-012023-11-30022713951ns10:Director12021-12-012022-11-30022713951ns10:Director12023-11-30022713951ns10:Director12022-11-30
REGISTERED NUMBER: 02271395 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MINSTER COMPUTER SYSTEMS LIMITED

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MINSTER COMPUTER SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr P Van Deventer





REGISTERED OFFICE: 3 Sherbrook House
Swan Mews
Lichfield
Staffordshire
WS13 6TU





REGISTERED NUMBER: 02271395 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 32,622 29,058

Current assets
Debtors 6 253,578 327,478
Cash at bank and in hand 273,229 288,429
526,807 615,907
Creditors
Amounts falling due within one year 7 209,882 219,281
Net current assets 316,925 396,626
Total assets less current liabilities 349,547 425,684

Capital and reserves
Called up share capital 9 35,006 35,006
Share premium 136,115 136,115
Capital redemption reserve 8,893 8,893
Retained earnings 169,533 245,670
Shareholders' funds 349,547 425,684

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 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.

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Mr P Van Deventer - Director


MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Minster Computer Systems 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

In respect of long term contracts for on-going services, turnover represents the value of work done during the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 3,334 290,372 293,706
Additions - 30,654 30,654
Disposals (3,334 ) (272,341 ) (275,675 )
At 30 November 2023 - 48,685 48,685
DEPRECIATION
At 1 December 2022 3,334 261,314 264,648
Charge for year - 10,184 10,184
Eliminated on disposal (3,334 ) (255,435 ) (258,769 )
At 30 November 2023 - 16,063 16,063
NET BOOK VALUE
At 30 November 2023 - 32,622 32,622
At 30 November 2022 - 29,058 29,058

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,742 142,470
Amounts owed by group undertakings 143,495 143,255
Other debtors 35,341 41,753
253,578 327,478

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,898 26,602
Taxation and social security 24,556 42,745
Other creditors 179,428 149,934
209,882 219,281

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 46,102 29,957
Between one and five years 105,418 71,910
In more than five years 11,250 15,000
162,770 116,867

9. CALLED UP SHARE CAPITAL

Allotted, called up and fully paid shares

2021 2021 2020 2020
No. £    No. £   

Ordinary Class A Shares of £1 each 20,000 20,000 20,000 20,000
Ordinary Class C Shares of £1 each 10,000 10,000 10,000 10,000
Ordinary Class D Shares of £1 each 2 2 2 2
Ordinary Class F Shares of £1 each 1 1 1 1
Ordinary Class N Shares of £1 each 1 1 1 1
Ordinary Class O Shares of £1 each 1 1 1 1
Ordinary Class P Shares of £1 each 1 1 1 1
Ordinary Class B Shares of £1 each 5,000 5,000 5,000 5,000
35,006 35,006 35,006 35,006

MINSTER COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 02271395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. DIRECTOR'S 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 P Van Deventer
Balance outstanding at start of year 8,588 -
Amounts advanced 7,654 8,588
Amounts repaid (8,588 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,654 8,588

11. RELATED PARTY DISCLOSURES

Directors
The director owed the company £7,654 (2022: £8,588) at the year end. This loan is interest free and repayable on demand.

Palega Limited
Owns 100% of the share capital of Minster Computer Systems Limited

During the year, the company was charged rent of £nil (2022: £48,000) to Palega Limited. In addition, the company recharged costs to Palega Limited of £240 (2022 £240) and was charged consultancy by Palega Limited of £17,000 (2022: nil). There was a balance outstanding to Minster Computer Systems Limited at the year end of £143,495 (2022: £143,255).

12. ULTIMATE PARENT COMPANY

Palega Limited is regarded by the director as being the company's ultimate parent company. Palega Limited's registered office address is 3 Sherbrook House, Swan Mews, Lichfield, Staffordshire, WS13 6TU.

The director, Mr P Van Deventer, owned 80% of the share capital of Palega Limited.