IRIS Accounts Production v24.2.0.383 05019180 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050191802023-01-31050191802024-01-31050191802023-02-012024-01-31050191802022-01-31050191802022-02-012023-01-31050191802023-01-3105019180ns15:EnglandWales2023-02-012024-01-3105019180ns14:PoundSterling2023-02-012024-01-3105019180ns10:Director12023-02-012024-01-3105019180ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3105019180ns10:SmallEntities2023-02-012024-01-3105019180ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3105019180ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3105019180ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3105019180ns10:FullAccounts2023-02-012024-01-3105019180ns10:OrdinaryShareClass12023-02-012024-01-3105019180ns10:Director22023-02-012024-01-3105019180ns10:Director32023-02-012024-01-3105019180ns10:CompanySecretary12023-02-012024-01-3105019180ns10:RegisteredOffice2023-02-012024-01-3105019180ns5:CurrentFinancialInstruments2024-01-3105019180ns5:CurrentFinancialInstruments2023-01-3105019180ns5:ShareCapital2024-01-3105019180ns5:ShareCapital2023-01-3105019180ns5:RetainedEarningsAccumulatedLosses2024-01-3105019180ns5:RetainedEarningsAccumulatedLosses2023-01-3105019180ns5:LandBuildings2023-01-3105019180ns5:LandBuildings2024-01-3105019180ns5:LandBuildings2023-01-3105019180ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3105019180ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3105019180ns5:CurrentFinancialInstruments2023-02-012024-01-3105019180ns5:DeferredTaxation2023-01-3105019180ns5:DeferredTaxation2024-01-3105019180ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 05019180 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

MVS Developments Limited

MVS Developments Limited (Registered number: 05019180)






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


MVS Developments Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs V E Waite
L M B Waite
J D B Waite





SECRETARY: Mrs V E Waite





REGISTERED OFFICE: New Laithe Farm
Back Shaw Lane
Keighely
West Yorkshire
BD21 5QU





REGISTERED NUMBER: 05019180 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

MVS Developments Limited (Registered number: 05019180)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,000 250,000

CURRENT ASSETS
Debtors 5 4,957 3,120
Cash at bank 62,947 57,065
67,904 60,185
CREDITORS
Amounts falling due within one year 6 19,432 17,778
NET CURRENT ASSETS 48,472 42,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,472

292,407

PROVISIONS FOR LIABILITIES 7 21,336 21,336
NET ASSETS 277,136 271,071

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 277,134 271,069
SHAREHOLDERS' FUNDS 277,136 271,071

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 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.

MVS Developments Limited (Registered number: 05019180)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





Mrs V E Waite - Director


MVS Developments Limited (Registered number: 05019180)

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

1. STATUTORY INFORMATION

MVS Developments 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.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

MVS Developments Limited (Registered number: 05019180)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 February 2023
and 31 January 2024 250,000
NET BOOK VALUE
At 31 January 2024 250,000
At 31 January 2023 250,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 4,000 2,163
Prepayments 957 957
4,957 3,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 1,645 3,170
Directors' current accounts 9,635 7,175
Accrued expenses 8,152 7,433
19,432 17,778

The Directors Loan Accounts are interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 21,336 21,336

Deferred
tax
£   
Balance at 1 February 2023 21,336
Balance at 31 January 2024 21,336

MVS Developments Limited (Registered number: 05019180)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary 1 2 2