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REGISTERED NUMBER: 09921404 (England and Wales)











Mshayer Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Mshayer Limited (Registered number: 09921404)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mshayer Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Singh
M S Hayer





REGISTERED OFFICE: 804 Islington Gates
110 Newhall Street
Birmingham
West Midlands
B3 1JN





REGISTERED NUMBER: 09921404 (England and Wales)





ACCOUNTANTS: Haines Watts Tamworth Limited
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

Mshayer Limited (Registered number: 09921404)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 532 55

CURRENT ASSETS
Debtors 5 2,428,187 2,401,005
Cash at bank 1,150 2,687
2,429,337 2,403,692
CREDITORS
Amounts falling due within one year 6 19,499 31,386
NET CURRENT ASSETS 2,409,838 2,372,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,410,370

2,372,361

CREDITORS
Amounts falling due after more than one year 7 (1,473,846 ) (1,473,846 )

PROVISIONS FOR LIABILITIES - (10 )
NET ASSETS 936,524 898,505

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 935,524 897,505
SHAREHOLDERS' FUNDS 936,524 898,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Mshayer Limited (Registered number: 09921404)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





M S Hayer - Director


Mshayer Limited (Registered number: 09921404)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Mshayer 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.

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.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. Management are also required to
exercise judgment in the process of applying the company’s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.

The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:

In preparing these financial statements, the directors have made the following judgments:

- Depreciation and residual values. The Directors have reviewed the asset lives and associated residual values of all fixed asset classes, and in particular, the useful economic life and residual values of fixtures and fittings, and have concluded that asset lives are appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value

Mshayer Limited (Registered number: 09921404)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 13,709
Additions 799
At 31 December 2023 14,508
DEPRECIATION
At 1 January 2023 13,654
Charge for year 322
At 31 December 2023 13,976
NET BOOK VALUE
At 31 December 2023 532
At 31 December 2022 55

Mshayer Limited (Registered number: 09921404)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 28,182 1,000

Amounts falling due after more than one year:
Other debtors 2,400,005 2,400,005

Aggregate amounts 2,428,187 2,401,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 19,499 14,106
Other creditors - 17,280
19,499 31,386

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,473,846 1,473,846

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,473,846 1,473,846

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M S Hayer
Balance outstanding at start of year (17,280 ) 76,578
Amounts advanced 72,462 150,240
Amounts repaid (28,000 ) (244,098 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,182 (17,280 )

Mshayer Limited (Registered number: 09921404)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Advances to directors are made free of interest and are repayable upon demand. The advances made in the year have been repaid in full after the balance sheet date.