Registered Number:05964162 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
M & SH Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
M & SH Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
47,670
63,559
3
47,670
63,559
2,650
3,000
4
Trade and other receivables |
16,197
3,527
5
29,741
Cash and cash equivalents |
52,361
58,888
48,588
Trade and other payables: amounts falling due within one year |
(50,736)
(67,658)
6
(2,148)
(8,770)
Net current liabilities
Total assets less current liabilities |
38,900
61,411
Trade and other payables: amounts falling due after more than |
one year |
(48,873)
(28,056)
7
(9,008)
(12,016)
Provisions for liabilities |
1,836
Net assets
522
200
200
1,636
322
1,836
522
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 25 September 2024 and were signed by: |
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For the year ended 31 March 2024
M & SH Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
M & SH Limited
Notes to the Financial Statements
Statutory Information
M & SH Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
05964162. |
Oaklodge
1 Oakridge Court
Bingley
BD16 4TA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 March 2024
M & SH Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
202,735
202,735
202,735
202,735
-
-
3. Property, plant and equipment |
Motor vehicles
160,837
53,256
107,581
107,581
53,256
160,837
Provision for depreciation and impairment |
97,278
13,314
83,964
Charge for year
15,889
9,985
5,904
113,167
23,299
89,868
17,713
29,957
47,670
23,617
39,942
63,559
2023
2024
3,000
2,650
5. Trade and other receivables |
2023
2024
3,527
16,197
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For the year ended 31 March 2024
M & SH Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2023
2024
10,149
9,894
Taxation and social security |
44,376
28,664
13,133
12,178
67,658
50,736
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
14,814
24,963
13,242
23,910
28,056
48,873
8. Related party transactions |
At the balance sheet date, the loans from directors of £365 was still outstanding and is presented within creditors: amounts |
falling due within one year. The loan is to be repaid on demand and is interest free. |
9. Directors advances and guarantees |
Repaid
Mr S D Hartley
Loan
-
5,987
5,987
-
5,987
5,987
Mrs M Hartley
Loan
-
5,987
5,987
-
5,987
5,987
10. Guarantees and other financial commitments |
At 31 March 2024 the company had annual commitments under non-cancellable operating leases as set out below: |
2023
2024
Operating leases which expire: |
25,000
25,000
25,000
25,000
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For the year ended 31 March 2024
M & SH Limited
Notes to the Financial Statements Continued
11. Average number of persons employed |
During the year the average number of employees was 11 (2023 : 11)
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