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REGISTERED NUMBER: 07960147 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MANAGED DOCUMENT SOLUTIONS LIMITED

MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANAGED DOCUMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr I Stephenson





REGISTERED OFFICE: Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH





REGISTERED NUMBER: 07960147 (England and Wales)





ACCOUNTANTS: Aspen Waite Ltd
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH

MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)

BALANCE SHEET
31ST MARCH 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,597 1,980

CURRENT ASSETS
Stocks 88,300 15,000
Debtors 5 171,756 164,978
Cash at bank 13,224 258,524
273,280 438,502
CREDITORS
Amounts falling due within one year 6 (238,357 ) (403,137 )
NET CURRENT ASSETS 34,923 35,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,520

37,345

CREDITORS
Amounts falling due after more than one year 7 (35,084 ) (36,100 )
NET ASSETS 1,436 1,245

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,435 1,244
1,436 1,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)

BALANCE SHEET - continued
31ST MARCH 2024


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 and authorised for issue by the director and authorised for issue on 22nd January 2025 and were signed by:





Mr I Stephenson - Director


MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Managed Document Solutions 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.

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023 2,640
Additions 369
At 31st March 2024 3,009
DEPRECIATION
At 1st April 2023 660
Charge for year 752
At 31st March 2024 1,412
NET BOOK VALUE
At 31st March 2024 1,597
At 31st March 2023 1,980

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 12,906 6,769
Directors' current accounts 119,781 119,302
S455 Debtor 39,069 38,907
171,756 164,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 38,123 26,007
Trade creditors 126,829 282,120
Corporation tax 18,848 11,601
VAT 38,388 72,491
Other creditors 14,169 9,418
Accruals and deferred income 2,000 1,500
238,357 403,137

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans due 1-2 years 9,392 4,962
Bank loans due 2-5 years 25,692 31,138
35,084 36,100

MANAGED DOCUMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 07960147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st March 2024 and the period ended 31st March 2023:

31/3/24 31/3/23
£    £   
Mr I Stephenson
Balance outstanding at start of year 119,302 88,782
Amounts advanced 479 46,381
Amounts repaid - (15,861 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,781 119,302