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REGISTERED NUMBER: 05689977 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

MSL Group Holdings Ltd

MSL Group Holdings Ltd (Registered number: 05689977)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSL Group Holdings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Clark
D S M Clark





SECRETARY: Mrs S M Clark





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





BUSINESS ADDRESS: Unit B8 Millbrook Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4BZ





REGISTERED NUMBER: 05689977 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

MSL Group Holdings Ltd (Registered number: 05689977)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,181 30,582
Investments 5 410 410
26,591 30,992

CURRENT ASSETS
Stocks 15,297 6,322
Debtors 6 481,682 459,253
Investments 7 55,000 -
Cash at bank 920 290
552,899 465,865
CREDITORS
Amounts falling due within one year 8 247,330 114,004
NET CURRENT ASSETS 305,569 351,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

332,160

382,853

CREDITORS
Amounts falling due after more than one year 9 4,075 22,946
NET ASSETS 328,085 359,907

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,985 359,807
SHAREHOLDERS' FUNDS 328,085 359,907

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

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

MSL Group Holdings Ltd (Registered number: 05689977)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





M Clark - Director


MSL Group Holdings Ltd (Registered number: 05689977)

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

1. STATUTORY INFORMATION

MSL Group Holdings 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

MSL Group Holdings Ltd (Registered number: 05689977)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 171,523
Additions 2,091
At 31 March 2024 173,614
DEPRECIATION
At 1 April 2023 140,941
Charge for year 6,492
At 31 March 2024 147,433
NET BOOK VALUE
At 31 March 2024 26,181
At 31 March 2023 30,582

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 410
NET BOOK VALUE
At 31 March 2024 410
At 31 March 2023 410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 479,736 456,280
Other debtors 1,946 2,973
481,682 459,253

MSL Group Holdings Ltd (Registered number: 05689977)

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

7. CURRENT ASSET INVESTMENTS

The current asset investment represents shares held in Kulicide Ltd which is 63.6% of the issued share capital. The company owns 17,500 Ordinary shares of £1.00 each and paid £55,000.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,405 10,198
Trade creditors 3,453 2,232
Amounts owed to group undertakings 222,504 86,684
Other creditors 10,968 14,890
247,330 114,004

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 4,075 22,946