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Company Registration No. 09065017 (England and Wales)
MSE Cartech Limited Unaudited accounts for the year ended 31 May 2024
MSE Cartech Limited Unaudited accounts Contents
Page
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MSE Cartech Limited Company Information for the year ended 31 May 2024
Directors
Mr. S. Essery Mr. M. Stallwood
Company Number
09065017 (England and Wales)
Registered Office
Heartoak House 21a Totteridge Lane High Wycombe HP13 7QD
Accountants
The Straightener Limited 83 Ducie Street Manchester M1 2JQ
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MSE Cartech Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,216 
12,717 
Current assets
Inventories
2,300 
1,300 
Debtors
18,183 
14,059 
Cash at bank and in hand
32,164 
72,687 
52,647 
88,046 
Creditors: amounts falling due within one year
(55,026)
(63,231)
Net current (liabilities)/assets
(2,379)
24,815 
Total assets less current liabilities
10,837 
37,532 
Creditors: amounts falling due after more than one year
(7,834)
(15,776)
Provisions for liabilities
Deferred tax
(2,191)
(2,417)
Net assets
812 
19,339 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
808 
19,335 
Shareholders' funds
812 
19,339 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
Mr. S. Essery Director Company Registration No. 09065017
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MSE Cartech Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MSE Cartech Limited is a private company, limited by shares, registered in England and Wales, registration number 09065017. The registered office is Heartoak House, 21a Totteridge Lane, High Wycombe, HP13 7QD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per annum straight line
Motor vehicles
20% per annum straight line
Computer equipment
20% per annum straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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MSE Cartech Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
63,614 
4,567 
5,463 
73,644 
Additions
- 
1,800 
3,365 
5,165 
Disposals
- 
- 
(2,628)
(2,628)
At 31 May 2024
63,614 
6,367 
6,200 
76,181 
Depreciation
At 1 June 2023
53,208 
4,085 
3,634 
60,927 
Charge for the year
3,361 
100 
1,205 
4,666 
On disposals
- 
- 
(2,628)
(2,628)
At 31 May 2024
56,569 
4,185 
2,211 
62,965 
Net book value
At 31 May 2024
7,045 
2,182 
3,989 
13,216 
At 31 May 2023
10,406 
482 
1,829 
12,717 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,516 
5,392 
Accrued income and prepayments
895 
895 
Other debtors
7,772 
7,772 
18,183 
14,059 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,340 
8,580 
Trade creditors
9,859 
8,630 
Taxes and social security
14,898 
24,573 
Other creditors
87 
89 
Loans from directors
17,515 
19,098 
Accruals
4,327 
2,261 
55,026 
63,231 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,834 
15,776 
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MSE Cartech Limited Notes to the Accounts for the year ended 31 May 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
24,696 
24,696 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr. S. Essery
Amounts due to director
9,451 
24,234 
25,000 
8,685 
Mr. M. Stallwood
Amounts due (from)/to director
9,647 
24,183 
25,000 
8,830 
19,098 
48,417 
50,000 
17,515 
10
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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