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REGISTERED NUMBER: 05914576 (England and Wales)















MSM Partitioning Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






MSM Partitioning Limited (Registered number: 05914576)






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


MSM Partitioning Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P M Methuen





REGISTERED OFFICE: New Road
New Inn
Pontypool
Torfaen
NP4 0TL





REGISTERED NUMBER: 05914576 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

MSM Partitioning Limited (Registered number: 05914576)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,958 63,154

CURRENT ASSETS
Stocks 26,066 32,180
Debtors 5 162,030 156,749
Cash at bank and in hand 47,345 105,209
235,441 294,138
CREDITORS
Amounts falling due within one year 6 36,389 62,164
NET CURRENT ASSETS 199,052 231,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,010

295,128

CREDITORS
Amounts falling due after more than one year 7 (12,855 ) (21,755 )

PROVISIONS FOR LIABILITIES (3,300 ) (3,300 )
NET ASSETS 238,855 270,073

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 238,853 270,071
238,855 270,073

MSM Partitioning Limited (Registered number: 05914576)

Balance Sheet - continued
31 March 2024


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 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 13 November 2024 and were signed by:





P M Methuen - Director


MSM Partitioning Limited (Registered number: 05914576)

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

1. STATUTORY INFORMATION

MSM Partitioning 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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.

MSM Partitioning Limited (Registered number: 05914576)

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 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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 53,165 124,578 177,743
DEPRECIATION
At 1 April 2023 33,188 81,401 114,589
Charge for year 2,712 4,484 7,196
At 31 March 2024 35,900 85,885 121,785
NET BOOK VALUE
At 31 March 2024 17,265 38,693 55,958
At 31 March 2023 19,977 43,177 63,154

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 27,999
DEPRECIATION
At 1 April 2023 10,062
Charge for year 4,484
At 31 March 2024 14,546
NET BOOK VALUE
At 31 March 2024 13,453
At 31 March 2023 17,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,819 17,554
Other debtors 154,211 139,195
162,030 156,749

MSM Partitioning Limited (Registered number: 05914576)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,000 4,000
Hire purchase contracts 4,720 4,540
Trade creditors 14,226 18,522
Taxation and social security 6,921 28,427
Other creditors 6,522 6,675
36,389 62,164

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,000 9,000
Hire purchase contracts 7,855 12,755
12,855 21,755

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 12,575 17,295

The hire purchase contracts are secured on the assets to which they relate.