Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06811935 Ms Sylwia Sikora iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06811935 2023-01-31 06811935 2024-01-31 06811935 2023-02-01 2024-01-31 06811935 frs-core:CurrentFinancialInstruments 2024-01-31 06811935 frs-core:Non-currentFinancialInstruments 2024-01-31 06811935 frs-core:BetweenOneFiveYears 2024-01-31 06811935 frs-core:ComputerEquipment 2023-02-01 2024-01-31 06811935 frs-core:FurnitureFittings 2024-01-31 06811935 frs-core:FurnitureFittings 2023-02-01 2024-01-31 06811935 frs-core:FurnitureFittings 2023-01-31 06811935 frs-core:MotorVehicles 2024-01-31 06811935 frs-core:MotorVehicles 2023-02-01 2024-01-31 06811935 frs-core:MotorVehicles 2023-01-31 06811935 frs-core:PlantMachinery 2024-01-31 06811935 frs-core:PlantMachinery 2023-02-01 2024-01-31 06811935 frs-core:PlantMachinery 2023-01-31 06811935 frs-core:WithinOneYear 2024-01-31 06811935 frs-core:ShareCapital 2024-01-31 06811935 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06811935 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06811935 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06811935 frs-bus:SmallEntities 2023-02-01 2024-01-31 06811935 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06811935 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06811935 frs-bus:Director1 2023-02-01 2024-01-31 06811935 frs-countries:EnglandWales 2023-02-01 2024-01-31 06811935 2022-01-31 06811935 2023-01-31 06811935 2022-02-01 2023-01-31 06811935 frs-core:CurrentFinancialInstruments 2023-01-31 06811935 frs-core:Non-currentFinancialInstruments 2023-01-31 06811935 frs-core:BetweenOneFiveYears 2023-01-31 06811935 frs-core:WithinOneYear 2023-01-31 06811935 frs-core:ShareCapital 2023-01-31 06811935 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06811935
MSL Transport Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Accentor Associates Limited
Chartered Accountants
639 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06811935
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 648,347 478,078
648,347 478,078
CURRENT ASSETS
Debtors 5 2,927 3,033
Cash at bank and in hand 19,324 42,176
22,251 45,209
Creditors: Amounts Falling Due Within One Year 6 (586,235 ) (400,803 )
NET CURRENT ASSETS (LIABILITIES) (563,984 ) (355,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES 84,363 122,484
Creditors: Amounts Falling Due After More Than One Year 7 (183,353 ) (180,286 )
NET LIABILITIES (98,990 ) (57,802 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (99,090 ) (57,902 )
SHAREHOLDERS' FUNDS (98,990) (57,802)
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Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Sylwia Sikora
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
MSL Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06811935 . The registered office is 72 Poynters Road,, Luton, LU4 0LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing balance
Motor Vehicles Reducing balance
Fixtures & Fittings Reducing balance
Computer Equipment Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 491,451 310,383 4,377 806,211
Additions 211,346 57,792 - 269,138
As at 31 January 2024 702,797 368,175 4,377 1,075,349
Depreciation
As at 1 February 2023 221,124 103,963 3,046 328,133
Provided during the period 82,340 16,289 240 98,869
As at 31 January 2024 303,464 120,252 3,286 427,002
Net Book Value
As at 31 January 2024 399,333 247,923 1,091 648,347
As at 1 February 2023 270,327 206,420 1,331 478,078
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,800 2,800
Other taxes and social security 127 233
2,927 3,033
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 272,183 155,240
Trade creditors 108 75
Bank loans and overdrafts 8,300 8,792
VAT 66,447 83,147
Net wages 1,200 -
Other creditors 18,311 -
Accruals and deferred income 1,233 1,200
Director's loan account 218,453 152,349
586,235 400,803
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 167,278 151,915
Bank loans 11,145 23,441
Other creditors 4,930 4,930
183,353 180,286
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 272,183 155,240
Later than one year and not later than five years 167,278 151,915
439,461 307,155
439,461 307,155
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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