2023-04-062024-04-052024-04-05false06720078M.H. INTERIOR SYSTEMS LTD2024-12-0482302iso4217:GBPxbrli:pure067200782023-04-06067200782024-04-05067200782023-04-062024-04-05067200782022-04-06067200782023-04-05067200782022-04-062023-04-0506720078bus:SmallEntities2023-04-062024-04-0506720078bus:AuditExempt-NoAccountantsReport2023-04-062024-04-0506720078bus:FullAccounts2023-04-062024-04-0506720078bus:PrivateLimitedCompanyLtd2023-04-062024-04-0506720078core:WithinOneYear2024-04-0506720078core:AfterOneYear2024-04-0506720078core:WithinOneYear2023-04-0506720078core:AfterOneYear2023-04-0506720078core:ShareCapital2024-04-0506720078core:SharePremium2024-04-0506720078core:RevaluationReserve2024-04-0506720078core:OtherReservesSubtotal2024-04-0506720078core:RetainedEarningsAccumulatedLosses2024-04-0506720078core:ShareCapital2023-04-0506720078core:SharePremium2023-04-0506720078core:RevaluationReserve2023-04-0506720078core:OtherReservesSubtotal2023-04-0506720078core:RetainedEarningsAccumulatedLosses2023-04-0506720078core:LandBuildings2024-04-0506720078core:PlantMachinery2024-04-0506720078core:Vehicles2024-04-0506720078core:FurnitureFittings2024-04-0506720078core:OfficeEquipment2024-04-0506720078core:NetGoodwill2024-04-0506720078core:IntangibleAssetsOtherThanGoodwill2024-04-0506720078core:ListedExchangeTraded2024-04-0506720078core:UnlistedNon-exchangeTraded2024-04-0506720078core:LandBuildings2023-04-0506720078core:PlantMachinery2023-04-0506720078core:Vehicles2023-04-0506720078core:FurnitureFittings2023-04-0506720078core:OfficeEquipment2023-04-0506720078core:NetGoodwill2023-04-0506720078core:IntangibleAssetsOtherThanGoodwill2023-04-0506720078core:ListedExchangeTraded2023-04-0506720078core:UnlistedNon-exchangeTraded2023-04-0506720078core:LandBuildings2023-04-062024-04-0506720078core:PlantMachinery2023-04-062024-04-0506720078core:Vehicles2023-04-062024-04-0506720078core:FurnitureFittings2023-04-062024-04-0506720078core:OfficeEquipment2023-04-062024-04-0506720078core:NetGoodwill2023-04-062024-04-0506720078core:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-0506720078core:ListedExchangeTraded2023-04-062024-04-0506720078core:UnlistedNon-exchangeTraded2023-04-062024-04-0506720078core:MoreThanFiveYears2023-04-062024-04-0506720078core:Non-currentFinancialInstruments2024-04-0506720078core:Non-currentFinancialInstruments2023-04-0506720078dpl:CostSales2023-04-062024-04-0506720078dpl:DistributionCosts2023-04-062024-04-0506720078core:LandBuildings2023-04-062024-04-0506720078core:PlantMachinery2023-04-062024-04-0506720078core:Vehicles2023-04-062024-04-0506720078core:FurnitureFittings2023-04-062024-04-0506720078core:OfficeEquipment2023-04-062024-04-0506720078dpl:AdministrativeExpenses2023-04-062024-04-0506720078core:NetGoodwill2023-04-062024-04-0506720078core:IntangibleAssetsOtherThanGoodwill2023-04-062024-04-0506720078dpl:GroupUndertakings2023-04-062024-04-0506720078dpl:ParticipatingInterests2023-04-062024-04-0506720078dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-062024-04-0506720078core:ListedExchangeTraded2023-04-062024-04-0506720078dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-062024-04-0506720078core:UnlistedNon-exchangeTraded2023-04-062024-04-0506720078dpl:CostSales2022-04-062023-04-0506720078dpl:DistributionCosts2022-04-062023-04-0506720078core:LandBuildings2022-04-062023-04-0506720078core:PlantMachinery2022-04-062023-04-0506720078core:Vehicles2022-04-062023-04-0506720078core:FurnitureFittings2022-04-062023-04-0506720078core:OfficeEquipment2022-04-062023-04-0506720078dpl:AdministrativeExpenses2022-04-062023-04-0506720078core:NetGoodwill2022-04-062023-04-0506720078core:IntangibleAssetsOtherThanGoodwill2022-04-062023-04-0506720078dpl:GroupUndertakings2022-04-062023-04-0506720078dpl:ParticipatingInterests2022-04-062023-04-0506720078dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-062023-04-0506720078core:ListedExchangeTraded2022-04-062023-04-0506720078dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-062023-04-0506720078core:UnlistedNon-exchangeTraded2022-04-062023-04-0506720078core:NetGoodwill2024-04-0506720078core:IntangibleAssetsOtherThanGoodwill2024-04-0506720078core:LandBuildings2024-04-0506720078core:PlantMachinery2024-04-0506720078core:Vehicles2024-04-0506720078core:FurnitureFittings2024-04-0506720078core:OfficeEquipment2024-04-0506720078core:AfterOneYear2024-04-0506720078core:WithinOneYear2024-04-0506720078core:ListedExchangeTraded2024-04-0506720078core:UnlistedNon-exchangeTraded2024-04-0506720078core:ShareCapital2024-04-0506720078core:SharePremium2024-04-0506720078core:RevaluationReserve2024-04-0506720078core:OtherReservesSubtotal2024-04-0506720078core:RetainedEarningsAccumulatedLosses2024-04-0506720078core:NetGoodwill2023-04-0506720078core:IntangibleAssetsOtherThanGoodwill2023-04-0506720078core:LandBuildings2023-04-0506720078core:PlantMachinery2023-04-0506720078core:Vehicles2023-04-0506720078core:FurnitureFittings2023-04-0506720078core:OfficeEquipment2023-04-0506720078core:AfterOneYear2023-04-0506720078core:WithinOneYear2023-04-0506720078core:ListedExc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M.H. INTERIOR SYSTEMS LTD

Registered Number
06720078
(England and Wales)

Unaudited Financial Statements for the Year ended
5 April 2024

M.H. INTERIOR SYSTEMS LTD
Company Information
for the year from 6 April 2023 to 5 April 2024

Directors

HERRAGHTY, Michael
WELSH, Andree

Company Secretary

HERRAGHTY, Michael

Registered Address

79 Station Road
Norton
Stockton
TS20 1NN

Registered Number

06720078 (England and Wales)
M.H. INTERIOR SYSTEMS LTD
Statement of Financial Position
5 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3753382
Investment property4164,740164,740
165,493165,122
Current assets
Cash at bank and on hand15,8478,876
15,8478,876
Creditors amounts falling due within one year5(93,076)(89,331)
Net current assets (liabilities)(77,229)(80,455)
Total assets less current liabilities88,26484,667
Creditors amounts falling due after one year6(5,824)(9,382)
Net assets82,44075,285
Capital and reserves
Called up share capital22
Profit and loss account82,43875,283
Shareholders' funds82,44075,285
The financial statements were approved and authorised for issue by the Board of Directors on 4 December 2024, and are signed on its behalf by:
HERRAGHTY, Michael
Director
WELSH, Andree
Director

Registered Company No. 06720078
M.H. INTERIOR SYSTEMS LTD
Notes to the Financial Statements
for the year ended 5 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Rental income from investment property is recognised in the Income Statement in the period in which the rent relates to.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-33
Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease. Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 06 April 233,90010,39614,296
Additions-1,1871,187
At 05 April 243,90011,58315,483
Depreciation and impairment
At 06 April 233,81810,09613,914
Charge for year21795816
At 05 April 243,83910,89114,730
Net book value
At 05 April 2461692753
At 05 April 2382300382
4.Investment property
Investment property is carried at fair market value as assessed by the directors. It is the opinion of the directors that this valuation has not materiality altered at the period end date.

£
Fair value at 06 April 23164,740
At 05 April 24164,740
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts3,4713,472
Taxation and social security2,060705
Other creditors86,24583,949
Accrued liabilities and deferred income1,3001,205
Total93,07689,331
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,8249,382
Total5,8249,382