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Registration number: 08403643

MS Flooring Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

MS Flooring Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 5

 

MS Flooring Solutions Limited

Company Information

Director

Mr M Swain

Registered office

17 Stonecot Hill
Sutton
Surrey
SM3 9HB

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

MS Flooring Solutions Limited

(Registration number: 08403643)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

734

1,512

Current assets

 

Debtors

5

104,155

46,694

Cash at bank and in hand

 

9,866

163,096

 

114,021

209,790

Creditors: Amounts falling due within one year

6

(12,248)

(85,619)

Net current assets

 

101,773

124,171

Net assets

 

102,507

125,683

Capital and reserves

 

Called up share capital

101

101

Retained earnings

102,406

125,582

Shareholders' funds

 

102,507

125,683

 

MS Flooring Solutions Limited

(Registration number: 08403643)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mr M Swain
Director

   
     
 

MS Flooring Solutions Limited

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

1

General information

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

The address of its registered office is:
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

These financial statements were authorised for issue by the director on 23 September 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

33% on cost

Motor vehicle

25% on cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

MS Flooring Solutions Limited

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

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

4,586

19,751

24,337

At 29 February 2024

4,586

19,751

24,337

Depreciation

At 1 March 2023

3,074

19,751

22,825

Charge for the year

778

-

778

At 29 February 2024

3,852

19,751

23,603

Carrying amount

At 29 February 2024

734

-

734

At 28 February 2023

1,512

-

1,512

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

30,065

Other debtors

104,155

16,629

 

104,155

46,694

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,019

1,140

Taxation and social security

7,664

19,579

Other creditors

1,565

64,900

12,248

85,619