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REGISTERED NUMBER: 07868066 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Modern Project Services (NW) Limited

Modern Project Services (NW) Limited (Registered number: 07868066)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Modern Project Services (NW) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Enright
T A J G Greenwood





REGISTERED OFFICE: Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL





REGISTERED NUMBER: 07868066 (England and Wales)





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

Modern Project Services (NW) Limited (Registered number: 07868066)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,417 81,191

CURRENT ASSETS
Stocks 2,775 3,125
Debtors 5 1,863,913 2,058,992
Cash at bank 26,783 80,509
1,893,471 2,142,626
CREDITORS
Amounts falling due within one year 6 1,148,340 1,391,100
NET CURRENT ASSETS 745,131 751,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

808,548

832,717

CREDITORS
Amounts falling due after more than
one year

7

26,659

31,757
NET ASSETS 781,889 800,960

CAPITAL AND RESERVES
Called up share capital 9 75 75
Capital redemption reserve 25 25
Retained earnings 781,789 800,860
SHAREHOLDERS' FUNDS 781,889 800,960

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Modern Project Services (NW) Limited (Registered number: 07868066)

Balance Sheet - continued
30 November 2023


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 12 November 2024 and were signed on its behalf by:





D Enright - Director


Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Modern Project Services (NW) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 33% on reducing balance and 20% on reducing balance

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 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.

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 158,635
DEPRECIATION
At 1 December 2022 77,444
Charge for year 17,774
At 30 November 2023 95,218
NET BOOK VALUE
At 30 November 2023 63,417
At 30 November 2022 81,191

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 42,105
DEPRECIATION
At 1 December 2022 15,671
Charge for year 5,287
At 30 November 2023 20,958
NET BOOK VALUE
At 30 November 2023 21,147
At 30 November 2022 26,434

5. DEBTORS
30.11.23 30.11.22
£    £   
Amounts falling due within one year:
Trade debtors 621,890 1,006,904
Amounts due from group
undertakings

609,178

230,817
Other debtors 603,001 791,401
Directors' current accounts - 11,600
VAT 5,817 -
Deferred tax asset 8,935 7,278
Prepayments 10,943 6,843
1,859,764 2,054,843

Amounts falling due after more than one year:
S455 ICTA tax 4,149 4,149

Aggregate amounts 1,863,913 2,058,992

Modern Project Services (NW) Limited (Registered number: 07868066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 7,851
Other loans 304,849 178,335
Hire purchase contracts 5,099 5,099
Trade creditors 522,274 867,450
Tax 164,868 192,858
Social security and other taxes 17,308 18,931
VAT - 45,585
Other creditors 71,992 12,155
Directors' current accounts 51,526 51,526
Accruals and deferred income 10,424 11,310
1,148,340 1,391,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 26,659 31,757

8. DEFERRED TAX
£   
Balance at 1 December 2022 (7,278 )
Balance at 30 November 2023 (7,278 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 75 75