MSFS BUSINESS LIMITED

Company Registration Number:
SC713450 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

MSFS BUSINESS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

MSFS BUSINESS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

17 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 517,821 542,502
Total fixed assets: 517,821 542,502
Current assets
Stocks: 15,728 11,077
Debtors:   4,935 7,919
Cash at bank and in hand: 295,230 18,363
Total current assets: 315,893 37,359
Creditors: amounts falling due within one year: 4 (953,775) (784,108)
Net current assets (liabilities): (637,882) (746,749)
Total assets less current liabilities: (120,061) (204,247)
Total net assets (liabilities): (120,061) (204,247)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (120,161) (204,347)
Shareholders funds: (120,061) (204,247)

The notes form part of these financial statements

MSFS BUSINESS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 July 2024
and signed on behalf of the board by:

Name: M Shahzad
Status: Director

The notes form part of these financial statements

MSFS BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MSFS BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 17 months to 31 March 2023
Average number of employees during the period 21 21

MSFS BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 723,336
Additions 61,291
At 31 March 2024 784,627
Depreciation
At 01 April 2023 180,834
Charge for year 85,972
At 31 March 2024 266,806
Net book value
At 31 March 2024 517,821
At 31 March 2023 542,502

MSFS BUSINESS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

Taxation and social security costs : 39,062 Other creditors : 914,713