IRIS Accounts Production v24.3.0.553 03050836 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030508362023-04-30030508362024-04-30030508362023-05-012024-04-30030508362022-04-30030508362022-05-012023-04-30030508362023-04-3003050836ns15:EnglandWales2023-05-012024-04-3003050836ns14:PoundSterling2023-05-012024-04-3003050836ns10:Director12023-05-012024-04-3003050836ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003050836ns10:SmallEntities2023-05-012024-04-3003050836ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003050836ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003050836ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003050836ns10:FullAccounts2023-05-012024-04-300305083612023-05-012024-04-3003050836ns10:CompanySecretary12023-05-012024-04-3003050836ns10:RegisteredOffice2023-05-012024-04-3003050836ns5:CurrentFinancialInstruments2024-04-3003050836ns5:CurrentFinancialInstruments2023-04-3003050836ns5:ShareCapital2024-04-3003050836ns5:ShareCapital2023-04-3003050836ns5:RetainedEarningsAccumulatedLosses2024-04-3003050836ns5:RetainedEarningsAccumulatedLosses2023-04-3003050836ns5:NetGoodwill2023-05-012024-04-3003050836ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003050836ns5:FurnitureFittings2023-05-012024-04-3003050836ns5:MotorVehicles2023-05-012024-04-3003050836ns5:ComputerEquipment2023-05-012024-04-3003050836ns5:NetGoodwill2023-04-3003050836ns5:NetGoodwill2024-04-3003050836ns5:NetGoodwill2023-04-3003050836ns5:FurnitureFittings2023-04-3003050836ns5:MotorVehicles2023-04-3003050836ns5:ComputerEquipment2023-04-3003050836ns5:FurnitureFittings2024-04-3003050836ns5:MotorVehicles2024-04-3003050836ns5:ComputerEquipment2024-04-3003050836ns5:FurnitureFittings2023-04-3003050836ns5:MotorVehicles2023-04-3003050836ns5:ComputerEquipment2023-04-3003050836ns5:AdditionsToInvestments2024-04-3003050836ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-04-3003050836ns5:CostValuation2024-04-3003050836ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003050836ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 03050836 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MISSON PALLETS SERVICES LIMITED

MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MISSON PALLETS SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A Wells





SECRETARY: Mrs A Wells





REGISTERED OFFICE: A Wigglesworth and Company Ltd
Armstrong House, First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA





REGISTERED NUMBER: 03050836 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 223,472 236,756
Investments 6 293,411 -
516,883 236,756

CURRENT ASSETS
Stocks 51,943 57,714
Debtors 7 364,072 587,964
Cash at bank 1,617,333 1,494,830
2,033,348 2,140,508
CREDITORS
Amounts falling due within one year 8 458,590 487,430
NET CURRENT ASSETS 1,574,758 1,653,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,091,641

1,889,834

PROVISIONS FOR LIABILITIES 55,870 59,190
NET ASSETS 2,035,771 1,830,644

CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Retained earnings 2,034,770 1,829,643
SHAREHOLDERS' FUNDS 2,035,771 1,830,644

MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

BALANCE SHEET - continued
30 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 19 November 2024 and were signed by:





A Wells - Director


MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Misson Pallets Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment & fixtures - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.


MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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
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.

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 24 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023
and 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Equipment Motor Computer
& fixtures vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 403,360 145,430 3,750 552,540
Additions 29,858 36,600 - 66,458
Disposals (6,500 ) (27,000 ) - (33,500 )
At 30 April 2024 426,718 155,030 3,750 585,498
DEPRECIATION
At 1 May 2023 247,420 67,508 856 315,784
Charge for year 42,237 25,436 1,250 68,923
Eliminated on disposal (5,410 ) (17,271 ) - (22,681 )
At 30 April 2024 284,247 75,673 2,106 362,026
NET BOOK VALUE
At 30 April 2024 142,471 79,357 1,644 223,472
At 30 April 2023 155,940 77,922 2,894 236,756

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 294,000
Impairments (589 )
At 30 April 2024 293,411
NET BOOK VALUE
At 30 April 2024 293,411

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 293,150 546,195
Other debtors 4,000 -
Directors' loan accounts 46,908 -
Prepayments 20,014 41,769
364,072 587,964

MISSON PALLETS SERVICES LIMITED (REGISTERED NUMBER: 03050836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110,032 106,948
Amounts owed to group undertakings 148,872 -
Tax 131,893 192,788
Social security and other taxes 5,902 8,212
VAT 25,345 74,523
Other creditors 2,063 3,608
Directors' loan accounts - 56,365
Accrued expenses 34,483 44,986
458,590 487,430

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Wells.

A Wells controls the company on account of holding 77.5% of the issued share capital.