2 false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03673411 2023-04-01 2024-03-31 03673411 2024-03-31 03673411 2023-03-31 03673411 2022-04-01 2023-03-31 03673411 2023-03-31 03673411 2022-03-31 03673411 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 03673411 core:PlantMachinery 2023-04-01 2024-03-31 03673411 bus:Director1 2023-04-01 2024-03-31 03673411 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 03673411 core:PlantMachinery 2023-03-31 03673411 core:LandBuildings core:ShortLeaseholdAssets 2024-03-31 03673411 core:PlantMachinery 2024-03-31 03673411 core:WithinOneYear 2024-03-31 03673411 core:WithinOneYear 2023-03-31 03673411 core:AfterOneYear 2024-03-31 03673411 core:AfterOneYear 2023-03-31 03673411 core:ShareCapital 2024-03-31 03673411 core:ShareCapital 2023-03-31 03673411 core:RevaluationReserve 2024-03-31 03673411 core:RevaluationReserve 2023-03-31 03673411 core:RetainedEarningsAccumulatedLosses 2024-03-31 03673411 core:RetainedEarningsAccumulatedLosses 2023-03-31 03673411 core:LandBuildings core:ShortLeaseholdAssets 2023-03-31 03673411 core:PlantMachinery 2023-03-31 03673411 bus:SmallEntities 2023-04-01 2024-03-31 03673411 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03673411 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03673411 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03673411 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 03673411
Messam & Rider Limited
Filleted Unaudited Financial Statements
31 March 2024
Messam & Rider Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Messam & Rider Limited
Balance Sheet
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
292,836
302,460
Current assets
Debtors
7
13,780
16,271
Cash at bank and in hand
135
22,121
--------
--------
13,915
38,392
Creditors: amounts falling due within one year
8
( 75,104)
( 60,448)
--------
--------
Net current liabilities
( 61,189)
( 22,056)
---------
---------
Total assets less current liabilities
231,647
280,404
Creditors: amounts falling due after more than one year
9
( 102,499)
( 118,701)
Provisions
Taxation including deferred tax
( 288)
( 292)
---------
---------
Net assets
128,860
161,411
---------
---------
Messam & Rider Limited
Balance Sheet (continued)
31 March 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Revaluation reserve
113,909
117,584
Profit and loss account
14,851
43,727
---------
---------
Shareholders funds
128,860
161,411
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Mr C P Rider
Director
Company registration number: 03673411
Messam & Rider Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings
-
2% straight line
Plant and machinery
-
25% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Other operating income
Other operating income includes income received from Government grants.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
6. Tangible assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 April 2023
300,000
26,568
326,568
Additions
1,162
1,162
Disposals
( 21,882)
( 21,882)
---------
--------
---------
At 31 March 2024
300,000
5,848
305,848
---------
--------
---------
Depreciation
At 1 April 2023
24,108
24,108
Charge for the year
9,375
1,411
10,786
Disposals
( 21,882)
( 21,882)
---------
--------
---------
At 31 March 2024
9,375
3,637
13,012
---------
--------
---------
Carrying amount
At 31 March 2024
290,625
2,211
292,836
---------
--------
---------
At 31 March 2023
300,000
2,460
302,460
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
12,664
15,948
Other debtors
1,116
323
--------
--------
13,780
16,271
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
30,175
17,700
Trade creditors
8,408
5,502
Corporation tax
11,063
19,058
Social security and other taxes
6,974
8,714
Other creditors
18,484
9,474
--------
--------
75,104
60,448
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
102,499
118,701
---------
---------
10. Director's advances, credits and guarantees
During the year the director had an interest free, repayable on demand loan with the company. At the start of the year the director was owed £899, and at the end of the year the director was owed £298. The director also had a 2.5% interest bearing, repayable loan with the company. During the year the director advanced £10,000 to the company.