2023-03-01 05354098 2024-02-29 05354098 2023-03-01 2024-02-29 05354098 2023-02-28 05354098 2022-03-01 2023-02-28 05354098 uk-core:WithinOneYear 2023-02-28 05354098 uk-core:WithinOneYear 2024-02-29 05354098 uk-core:ShareCapital 2024-02-29 05354098 uk-core:ShareCapital 2023-02-28 05354098 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 05354098 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 05354098 uk-bus:Director1 2023-03-01 2024-02-29 05354098 uk-core:PlantMachinery 2023-03-01 2024-02-29 05354098 uk-core:WithinOneYear uk-core:Secured 2024-02-29 05354098 uk-core:WithinOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 05354098 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05354098 uk-bus:FRS102 2023-03-01 2024-02-29 05354098 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 05354098 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Measurement Systems Consultancy Limited
Registered Number:05354098
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Measurement Systems Consultancy Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05354098
As at 29 February 2024
Measurement Systems Consultancy Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,051
3,484
Financial assets
25,000
25,000
29,051
28,484
Current assets
Trade and other receivables
26,518
64,252
2
316,544
Cash and cash equivalents
381,509
445,761
343,062
Trade and other payables: amounts falling due within one
year
(49,245)
(75,612)
3
293,817
370,149
Net current assets
Total assets less current liabilities
399,200
322,301
(752)
(641)
Provisions for liabilities
398,448
Net assets
321,660
Capital and reserves
Called up share capital
100
100
Retained earnings
398,348
321,560
398,448
321,660
Shareholders' funds
For the year ended 29 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D R A Redmond Director
These financial statements were approved and authorised for issue by the Board on 24 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Measurement Systems Consultancy Limited
Notes to the Financial Statements
Statutory Information
Measurement Systems Consultancy Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05354098.
Registered address:
Damian Cottage
Tyler Hill Road
Canterbury
CT2 9LU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Trade and other receivables
2023
2024
£
£
Trade debtors
64,210
26,230
Other debtors
42
288
26,518
64,252
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5
For the year ended 29 February 2024
Measurement Systems Consultancy Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
376
507
Trade creditors
10,419
6,487
Taxation and social security
47,885
23,055
Other creditors
16,932
19,196
75,612
49,245
4. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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