IRIS Accounts Production v24.2.0.383 08280844 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082808442023-01-31082808442024-01-31082808442023-02-012024-01-31082808442022-01-31082808442022-02-012023-01-31082808442023-01-3108280844ns15:EnglandWales2023-02-012024-01-3108280844ns14:PoundSterling2023-02-012024-01-3108280844ns10:Director12023-02-012024-01-3108280844ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108280844ns10:SmallEntities2023-02-012024-01-3108280844ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108280844ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108280844ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108280844ns10:FullAccounts2023-02-012024-01-3108280844ns10:OrdinaryShareClass12023-02-012024-01-3108280844ns10:CompanySecretary12023-02-012024-01-3108280844ns10:RegisteredOffice2023-02-012024-01-3108280844ns5:CurrentFinancialInstruments2024-01-3108280844ns5:CurrentFinancialInstruments2023-01-3108280844ns5:Non-currentFinancialInstruments2024-01-3108280844ns5:Non-currentFinancialInstruments2023-01-3108280844ns5:ShareCapital2024-01-3108280844ns5:ShareCapital2023-01-3108280844ns5:CapitalRedemptionReserve2024-01-3108280844ns5:CapitalRedemptionReserve2023-01-3108280844ns5:RetainedEarningsAccumulatedLosses2024-01-3108280844ns5:RetainedEarningsAccumulatedLosses2023-01-3108280844ns5:PlantMachinery2023-02-012024-01-3108280844ns5:FurnitureFittings2023-02-012024-01-3108280844ns5:MotorVehicles2023-02-012024-01-3108280844ns5:ComputerEquipment2023-02-012024-01-3108280844ns5:PlantMachinery2023-01-3108280844ns5:FurnitureFittings2023-01-3108280844ns5:MotorVehicles2023-01-3108280844ns5:ComputerEquipment2023-01-3108280844ns5:PlantMachinery2024-01-3108280844ns5:FurnitureFittings2024-01-3108280844ns5:MotorVehicles2024-01-3108280844ns5:ComputerEquipment2024-01-3108280844ns5:PlantMachinery2023-01-3108280844ns5:FurnitureFittings2023-01-3108280844ns5:MotorVehicles2023-01-3108280844ns5:ComputerEquipment2023-01-3108280844ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108280844ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3108280844ns5:WithinOneYear2024-01-3108280844ns5:WithinOneYear2023-01-3108280844ns5:BetweenOneFiveYears2024-01-3108280844ns5:BetweenOneFiveYears2023-01-3108280844ns5:AllPeriods2024-01-3108280844ns5:AllPeriods2023-01-3108280844ns10:OrdinaryShareClass12024-01-31082808441ns10:Director12023-01-31082808441ns10:Director12022-01-31082808441ns10:Director12023-02-012024-01-31082808441ns10:Director12022-02-012023-01-31082808441ns10:Director12024-01-31082808441ns10:Director12023-01-31
REGISTERED NUMBER: 08280844 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MSL Cable Contractors Limited

MSL Cable Contractors Limited (Registered number: 08280844)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSL Cable Contractors Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Draycott





SECRETARY: Mrs L Draycott





REGISTERED OFFICE: The Old Manse
29 St Mary Street
Ilkeston
Derbyshire
DE7 8AB





REGISTERED NUMBER: 08280844 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB

MSL Cable Contractors Limited (Registered number: 08280844)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 50,784 62,433

CURRENT ASSETS
Stocks 25,992 42,818
Debtors 6 187,149 208,506
Cash at bank and in hand 92,953 17,949
306,094 269,273
CREDITORS
Amounts falling due within one year 7 117,603 129,375
NET CURRENT ASSETS 188,491 139,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,275

202,331

CREDITORS
Amounts falling due after more than one
year

8

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES (11,046 ) (13,979 )
NET ASSETS 214,896 165,019

CAPITAL AND RESERVES
Called up share capital 10 2 2
Capital redemption reserve 1 1
Retained earnings 214,893 165,016
SHAREHOLDERS' FUNDS 214,896 165,019

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

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

MSL Cable Contractors Limited (Registered number: 08280844)

Balance Sheet - continued
31 January 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 4 October 2024 and were signed by:





M Draycott - Director


MSL Cable Contractors Limited (Registered number: 08280844)

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


1. STATUTORY INFORMATION

MSL Cable Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's place of business is Unit 2 Manor Park, 92A Church Street, Stapleford, Nottingham, NG9 8DJ.

The figures in the financial statements are rounded to the nearest £1.

The company is not a member of a group and these financial statements therefore cover only the individual company.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

MSL Cable Contractors Limited (Registered number: 08280844)

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


3. ACCOUNTING POLICIES - continued

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.


MSL Cable Contractors Limited (Registered number: 08280844)

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


3. ACCOUNTING POLICIES - continued
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.

Stock: work in progress
Work in progress is valued at the lower of cost plus an appropriate proportion of profit relevant to the stage of completion of each contract and net realisable value.

Cost is calculated using the first in, first out method and includes all direct costs incurred in bringing the work in progress to its present location and condition.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 10 ) .

MSL Cable Contractors Limited (Registered number: 08280844)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 31,588 350 59,107 3,626 94,671
Additions 1,933 - - 250 2,183
At 31 January 2024 33,521 350 59,107 3,876 96,854
DEPRECIATION
At 1 February 2023 6,782 270 22,925 2,261 32,238
Charge for year 4,234 12 9,047 539 13,832
At 31 January 2024 11,016 282 31,972 2,800 46,070
NET BOOK VALUE
At 31 January 2024 22,505 68 27,135 1,076 50,784
At 31 January 2023 24,806 80 36,182 1,365 62,433

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,893 192,760
Other debtors 50,256 15,746
187,149 208,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 22,872 28,906
Taxation and social security 64,113 67,260
Other creditors 20,618 23,209
117,603 129,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333

MSL Cable Contractors Limited (Registered number: 08280844)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 9,900
Between one and five years 21,450 -
21,450 9,900

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loans (interest free and repayable on demand) to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
M Draycott
Balance outstanding at start of year 6,637 8,887
Amounts advanced 45,574 21,750
Amounts repaid (13,500 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,711 6,637