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Registered Number: 07067955
England and Wales

 

 

 

MSN TELECOMS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Mandar Sadashiv Nerurkar
Registered Number 07067955
Registered Office 11 Bertram Way
Norwich
NR1 1EU
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 
Notes
 
2023
£
  2022
£
Turnover 77,764    74,360 
Cost of sales   (15,000)
Gross profit 77,764    59,360 
Administrative expenses (58,924)   (39,959)
Other operating income 1,297   
Operating profit 20,137    19,401 
Other interest receivable and similar income 217    2,401 
Interest payable and similar charges (11,974)   (2,343)
Profit/(Loss) on ordinary activities before taxation 8,380    19,459 
Tax on profit on ordinary activities (1,608)   (3,697)
Profit/(Loss) for the financial year 6,772    15,762 
 
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 523    697 
Investments 4 161,784    106,784 
162,307    107,481 
Current assets      
Debtors 5 66,647    132,776 
Cash at bank and in hand 114    1,936 
66,761    134,712 
Creditors: amount falling due within one year 6 (46,423)   (29,787)
Net current assets 20,338    104,925 
 
Total assets less current liabilities 182,645    212,406 
Creditors: amount falling due after more than one year 7 (36,424)   (36,424)
Provisions for liabilities 8 (100)   (133)
Net assets 146,121    175,849 
 

Capital and reserves
     
Called up share capital 110    110 
Profit and loss account 146,011    175,739 
Shareholders' funds 146,121    175,849 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 November 2024 and were signed by:


-------------------------------
Mandar Sadashiv Nerurkar
Director
3
General Information
MSN Telecoms Ltd is a private company, limited by shares, registered in England and Wales, registration number 07067955, registration address 11 Bertram Way, Norwich, NR1 1EU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, 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:
Motor Vehicles 25 Reducing Balance
Fixtures and Fittings 25 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 December 2022 4,500    10,787    15,287 
Additions    
Disposals    
At 30 November 2023 4,500    10,787    15,287 
Depreciation
At 01 December 2022 4,500    10,090    14,590 
Charge for year   174    174 
On disposals    
At 30 November 2023 4,500    10,264    14,764 
Net book values
Closing balance as at 30 November 2023   523    523 
Opening balance as at 01 December 2022   697    697 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 December 2022 106,784    106,784 
Additions 55,000    55,000 
Transfer to/from tangible fixed assets  
Disposals  
At 30 November 2023 161,784    161,784 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 27,720   
ACT Payable 30,019    30,019 
Directors' Current Accounts   4,968 
VAT   70 
57,739    35,057 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Trade Debtors   986 
Directors Loan Accounts 8,908    96,733 
8,908    97,719 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 306    168 
Corporation Tax 33,791    29,479 
Accrued Expenses   140 
VAT 12,326   
46,423    29,787 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bounce back Loan 36,424    36,424 
36,424    36,424 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 100    177 
Charged to Profit & Loss   (44)
100    133 

9.

Advances and Credits



MANDAR NERURKAR
MANDAR NERURKAR

Current year (2023)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
MANDAR NERURKAR 96,733 217 88,042 8,908 
96733021788042008908
Previous year (2022)
Brought Forward
£
Amount
£
Interest
£
Repaid
£
Written Off
£
Waived
£
Carry Forward
£
MANDAR NERURKAR 86,348 8,100 2,285 96,733 
863488100228500096733
4