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REGISTERED NUMBER: 02221056 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

M. & S. Waterservices Limited

M. & S. Waterservices Limited (Registered number: 02221056)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M. & S. Waterservices Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R S Lazzari
S A Bond-Mutch





REGISTERED OFFICE: 2 Heap Bridge
Bury
Lancashire
BL9 7HR





REGISTERED NUMBER: 02221056 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

M. & S. Waterservices Limited (Registered number: 02221056)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 282,009 282,639
282,009 282,639

CURRENT ASSETS
Stocks 7 24,338 24,207
Debtors 8 619,733 552,047
Cash at bank 86,694 94,712
730,765 670,966
CREDITORS
Amounts falling due within one year 9 (414,233 ) (351,675 )
NET CURRENT ASSETS 316,532 319,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

598,541

601,930

CREDITORS
Amounts falling due after more than one
year

10

(168

)

(8,558

)
NET ASSETS 598,373 593,372

CAPITAL AND RESERVES
Called up share capital 11 8,812 8,812
Revaluation reserve 12 126,102 126,102
Other reserves 1,188 1,188
Retained earnings 462,271 457,270
SHAREHOLDERS' FUNDS 598,373 593,372

M. & S. Waterservices Limited (Registered number: 02221056)

Balance Sheet - continued
29 February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





S A Bond-Mutch - Director


M. & S. Waterservices Limited (Registered number: 02221056)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Heap Bridge
Bury
Lancashire
BL9 7HR

The principal place of business is:
Unit 4
Jackson Court
Manor Lane Industrial Park
Hawarden
Clwyd
CH5 3PP

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% 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.


M. & S. Waterservices Limited (Registered number: 02221056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 22 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 4,000
AMORTISATION
At 1 March 2023
and 29 February 2024 4,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

M. & S. Waterservices Limited (Registered number: 02221056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 175,000 18,816 52,315 193,176 439,307
Additions - - - 34,485 34,485
Disposals - - - (26,498 ) (26,498 )
At 29 February 2024 175,000 18,816 52,315 201,163 447,294
DEPRECIATION
At 1 March 2023 - 15,256 48,345 93,067 156,668
Charge for year - 357 712 28,022 29,091
Eliminated on disposal - - - (20,474 ) (20,474 )
At 29 February 2024 - 15,613 49,057 100,615 165,285
NET BOOK VALUE
At 29 February 2024 175,000 3,203 3,258 100,548 282,009
At 28 February 2023 175,000 3,560 3,970 100,109 282,639

The freehold property was revalued by the directors in 2017. The directors consider that the above value is not materially different to the fair value as at 29 February 2024.

7. STOCKS
2024 2023
£    £   
Stocks 24,338 24,207

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 369,177 363,730
Amounts owed by group undertakings 255,285 180,360
Other debtors (4,729 ) 7,957
619,733 552,047

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,391 8,971
Trade creditors 112,034 145,404
Taxation and social security 89,519 85,070
Other creditors 204,289 112,230
414,233 351,675

M. & S. Waterservices Limited (Registered number: 02221056)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 168 8,558

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,812 Ordinary £1 8,812 8,812

12. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 126,102