IRIS Accounts Production v24.3.0.553 13056958 director 1.3.23 29.2.24 29.2.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130569582023-02-28130569582024-02-29130569582023-03-012024-02-29130569582022-02-28130569582022-03-012023-02-28130569582023-02-2813056958ns15:EnglandWales2023-03-012024-02-2913056958ns14:PoundSterling2023-03-012024-02-2913056958ns10:Director12023-03-012024-02-2913056958ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913056958ns10:SmallEntities2023-03-012024-02-2913056958ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913056958ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913056958ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913056958ns10:FullAccounts2023-03-012024-02-2913056958ns10:RegisteredOffice2023-03-012024-02-2913056958ns5:CurrentFinancialInstruments2024-02-2913056958ns5:CurrentFinancialInstruments2023-02-2813056958ns5:Non-currentFinancialInstruments2024-02-2913056958ns5:Non-currentFinancialInstruments2023-02-2813056958ns5:ShareCapital2024-02-2913056958ns5:ShareCapital2023-02-2813056958ns5:RetainedEarningsAccumulatedLosses2024-02-2913056958ns5:RetainedEarningsAccumulatedLosses2023-02-2813056958ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-03-012024-02-2913056958ns5:PlantMachinery2023-03-012024-02-2913056958ns5:FurnitureFittings2023-03-012024-02-2913056958ns5:MotorVehicles2023-03-012024-02-2913056958ns5:ComputerEquipment2023-03-012024-02-2913056958ns5:LandBuildings2023-02-2813056958ns5:PlantMachinery2023-02-2813056958ns5:FurnitureFittings2023-02-2813056958ns5:LandBuildings2023-03-012024-02-2913056958ns5:LandBuildings2024-02-2913056958ns5:PlantMachinery2024-02-2913056958ns5:FurnitureFittings2024-02-2913056958ns5:LandBuildings2023-02-2813056958ns5:PlantMachinery2023-02-2813056958ns5:FurnitureFittings2023-02-2813056958ns5:MotorVehicles2023-02-2813056958ns5:ComputerEquipment2023-02-2813056958ns5:MotorVehicles2024-02-2913056958ns5:ComputerEquipment2024-02-2913056958ns5:MotorVehicles2023-02-2813056958ns5:ComputerEquipment2023-02-2813056958ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2913056958ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28130569581ns10:Director12023-02-28130569581ns10:Director12022-02-28130569581ns10:Director12023-03-012024-02-29130569581ns10:Director12022-03-012023-02-28130569581ns10:Director12024-02-29130569581ns10:Director12023-02-28
REGISTERED NUMBER: 13056958 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

M AND S RENEWABLES LTD

M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Contents of the Financial Statements
for the Year Ended 29th February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M AND S RENEWABLES LTD

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Ms S E J Seagrave





REGISTERED OFFICE: Unit 14 Royle Business Farm
Caldwell Road
Drakelow
DE15 9TU





REGISTERED NUMBER: 13056958 (England and Wales)






M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,254 85,534

CURRENT ASSETS
Stocks 272,500 88,500
Debtors 5 303,272 310,960
Cash at bank 51,486 30,311
627,258 429,771
CREDITORS
Amounts falling due within one year 6 530,782 415,942
NET CURRENT ASSETS 96,476 13,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,730

99,363

CREDITORS
Amounts falling due after more than
one year

7

131,859

13,735
NET ASSETS 42,871 85,628

M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Balance Sheet - continued
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,870 85,627
SHAREHOLDERS' FUNDS 42,871 85,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 2nd August 2024 and were signed by:





Ms S E J Seagrave - Director


M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

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


1. STATUTORY INFORMATION

M and S Renewables Ltd 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.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office
property machinery equipment
£    £    £   
COST
At 1st March 2023 21,789 7,398 1,890
Additions 2,050 7,558 2,275
Disposals - - -
At 29th February 2024 23,839 14,956 4,165
DEPRECIATION
At 1st March 2023 - 2,144 733
Charge for year - 3,203 858
Eliminated on disposal - - -
At 29th February 2024 - 5,347 1,591
NET BOOK VALUE
At 29th February 2024 23,839 9,609 2,574
At 28th February 2023 21,789 5,254 1,157

M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2023 74,250 2,608 107,935
Additions 15,500 575 27,958
Disposals (22,800 ) - (22,800 )
At 29th February 2024 66,950 3,183 113,093
DEPRECIATION
At 1st March 2023 18,563 961 22,401
Charge for year 13,521 556 18,138
Eliminated on disposal (5,700 ) - (5,700 )
At 29th February 2024 26,384 1,517 34,839
NET BOOK VALUE
At 29th February 2024 40,566 1,666 78,254
At 28th February 2023 55,687 1,647 85,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Trade debtors 281,829 279,783
Other debtors 21,443 31,177
303,272 310,960

M AND S RENEWABLES LTD (REGISTERED NUMBER: 13056958)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 82,211 12,349
Hire purchase contracts 4,668 6,104
Trade creditors 138,447 57,814
Taxation and social security 8,194 12,492
Other creditors 297,262 327,183
530,782 415,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 121,356 -
Hire purchase contracts 10,503 13,735
131,859 13,735

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
Ms S E J Seagrave
Balance outstanding at start of year 9,870 (24,513 )
Amounts advanced - 34,383
Amounts repaid (22,307 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,437 ) 9,870