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REGISTERED NUMBER: 08410120 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MSB Masonry Ltd

MSB Masonry Ltd (Registered number: 08410120)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MSB Masonry Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M F Wade





REGISTERED OFFICE: Unit 5 Hockleys Business Park
Valley Road
Clacton on Sea
Essex
CO15 4AE





REGISTERED NUMBER: 08410120 (England and Wales)





ACCOUNTANTS: Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton On Sea
Essex
CO15 1SD

MSB Masonry Ltd (Registered number: 08410120)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,931 54,780

CURRENT ASSETS
Stocks 12,500 2,500
Debtors 5 114,584 128,423
Cash at bank and in hand 5,287 5,373
132,371 136,296
CREDITORS
Amounts falling due within one year 6 114,915 99,445
NET CURRENT ASSETS 17,456 36,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,387

91,631

CREDITORS
Amounts falling due after more than one
year

7

(17,795

)

(20,489

)

PROVISIONS FOR LIABILITIES (8,347 ) (10,408 )
NET ASSETS 35,245 60,734

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 35,244 60,733
SHAREHOLDERS' FUNDS 35,245 60,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MSB Masonry Ltd (Registered number: 08410120)

Balance Sheet - continued
31 March 2024


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:





M F Wade - Director


MSB Masonry Ltd (Registered number: 08410120)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MSB Masonry Ltd 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. 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 15% 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.

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.

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.

MSB Masonry Ltd (Registered number: 08410120)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 140,390
DEPRECIATION
At 1 April 2023 85,610
Charge for year 10,849
At 31 March 2024 96,459
NET BOOK VALUE
At 31 March 2024 43,931
At 31 March 2023 54,780

5. DEBTORS
31/3/24 31/3/23
£    £   
Amounts falling due within one year:
Trade debtors 82,721 69,486
Other debtors 3,955 58,937
86,676 128,423

Amounts falling due after more than one year:
Trade debtors 27,908 -

Aggregate amounts 114,584 128,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 9,941 19,443
Hire purchase contracts 10,034 13,215
Trade creditors 20,196 19,457
Taxation and social security 72,144 45,830
Other creditors 2,600 1,500
114,915 99,445

MSB Masonry Ltd (Registered number: 08410120)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 7,340 -
Hire purchase contracts 10,455 20,489
17,795 20,489

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
M F Wade
Balance outstanding at start of year 57,198 66,006
Amounts advanced 36,787 9,192
Amounts repaid (94,460 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (475 ) 57,198

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M F Wade.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
MSB Masonry Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MSB Masonry Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MSB Masonry Ltd in accordance with the terms of our engagement letter dated 30 October 2014. Our work has been undertaken solely to prepare for your approval the financial statements of MSB Masonry Ltd and state those matters that we have agreed to state to the director of MSB Masonry Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSB Masonry Ltd and its director for our work or for this report.

It is your duty to ensure that MSB Masonry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MSB Masonry Ltd. You consider that MSB Masonry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MSB Masonry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Clacton Business Services Ltd
Chartered Accountants
Hurlingham Chambers
61 Station Road
Clacton On Sea
Essex
CO15 1SD


28 August 2024