IRIS Accounts Production v24.3.0.553 03519814 Board of Directors 1.4.23 31.3.24 31.3.24 15.11.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035198142023-03-31035198142024-03-31035198142023-04-012024-03-31035198142022-03-31035198142022-04-012023-03-31035198142023-03-3103519814ns15:EnglandWales2023-04-012024-03-3103519814ns14:PoundSterling2023-04-012024-03-3103519814ns10:Director12023-04-012024-03-3103519814ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103519814ns10:SmallEntities2023-04-012024-03-3103519814ns10:Audited2023-04-012024-03-3103519814ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103519814ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103519814ns10:FullAccounts2023-04-012024-03-3103519814ns10:Director22023-04-012024-03-3103519814ns10:Director32023-04-012024-03-3103519814ns10:RegisteredOffice2023-04-012024-03-3103519814ns5:CurrentFinancialInstruments2024-03-3103519814ns5:CurrentFinancialInstruments2023-03-3103519814ns5:ShareCapital2024-03-3103519814ns5:ShareCapital2023-03-3103519814ns5:RetainedEarningsAccumulatedLosses2024-03-3103519814ns5:RetainedEarningsAccumulatedLosses2023-03-3103519814ns5:FurnitureFittings2023-03-3103519814ns5:MotorVehicles2023-03-3103519814ns5:ComputerEquipment2023-03-3103519814ns5:FurnitureFittings2023-04-012024-03-3103519814ns5:MotorVehicles2023-04-012024-03-3103519814ns5:ComputerEquipment2023-04-012024-03-3103519814ns5:FurnitureFittings2024-03-3103519814ns5:MotorVehicles2024-03-3103519814ns5:ComputerEquipment2024-03-3103519814ns5:FurnitureFittings2023-03-3103519814ns5:MotorVehicles2023-03-3103519814ns5:ComputerEquipment2023-03-3103519814ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103519814ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103519814ns5:Non-currentFinancialInstruments2024-03-3103519814ns5:Non-currentFinancialInstruments2023-03-3103519814ns5:DeferredTaxation2023-03-3103519814ns5:DeferredTaxation2023-04-012024-03-3103519814ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 03519814 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

M.S.M Hygiene Limited

M.S.M Hygiene Limited (Registered number: 03519814)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M.S.M Hygiene Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Barge
S A Barge
N P Hunt





REGISTERED OFFICE: Elizabeth House
Wigman Road
Bilborough
Nottingham
NG8 3HY





REGISTERED NUMBER: 03519814 (England and Wales)





AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

M.S.M Hygiene Limited (Registered number: 03519814)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 333,544 226,588

CURRENT ASSETS
Stocks 263,847 278,936
Debtors 5 430,573 484,566
Cash at bank 881,669 953,331
1,576,089 1,716,833
CREDITORS
Amounts falling due within one year 6 926,453 990,234
NET CURRENT ASSETS 649,636 726,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,180

953,187

PROVISIONS FOR LIABILITIES 7 29,118 29,206
NET ASSETS 954,062 923,981

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 953,062 922,981
SHAREHOLDERS' FUNDS 954,062 923,981

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A Barge - Director


M.S.M Hygiene Limited (Registered number: 03519814)

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

1. STATUTORY INFORMATION

M.S.M Hygiene 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings- 25% on cost
Motor vehicles- 25% on cost
Computer equipment- 25% on cost

The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase invoice price on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

At each reporting date, stock is assessed for impairment. If impaired, the carrying amount is reduced and the impairment loss is recognised immediately in the profit and loss account.

Deferred tax
Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

M.S.M Hygiene Limited (Registered number: 03519814)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. One the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Related parties
The company is a wholly owned subsidiary undertaking of NIC Group Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 27,016 363,120 21,298 411,434
Additions - 244,738 - 244,738
Disposals - (105,102 ) - (105,102 )
At 31 March 2024 27,016 502,756 21,298 551,070
DEPRECIATION
At 1 April 2023 27,016 136,532 21,298 184,846
Charge for year - 111,206 - 111,206
Eliminated on disposal - (78,526 ) - (78,526 )
At 31 March 2024 27,016 169,212 21,298 217,526
NET BOOK VALUE
At 31 March 2024 - 333,544 - 333,544
At 31 March 2023 - 226,588 - 226,588

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 417,366 444,344
Directors' current accounts - 16,283
Tax 1,495 -
Prepayments 11,712 22,444
430,573 483,071

M.S.M Hygiene Limited (Registered number: 03519814)

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

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Tax - 1,495

Aggregate amounts 430,573 484,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 248,863 288,433
Amounts owed to group undertakings 443,874 446,041
Tax 11,000 7,000
Social security and other taxes 143,916 139,900
Accrued expenses 78,800 108,860
926,453 990,234

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 29,118 29,206

Deferred
tax
£   
Balance at 1 April 2023 29,206
Utilised during year (88 )
Balance at 31 March 2024 29,118

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Neal FCA CTA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

9. OTHER FINANCIAL COMMITMENTS

The company has a contingent liability in respect of a composite guarantee given to National Westminster Bank Plc to secure borrowings within the NIC Group Limited group of companies. At the balance sheet date, the net amount of the group liability was £Nil (2023: £Nil).

10. ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is NIC Group Limited, Elizabeth House, Wigman Road, Bilborough, Nottingham, NG8 3HY. Copies of the consolidated financial statements of NIC Group Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.