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REGISTERED NUMBER: 11264203 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MA DESIGN (CHESTER) LTD

MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)






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


MA DESIGN (CHESTER) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Ashby
R S McKenna





REGISTERED OFFICE: Unit 2 157-167 Foregate Street
Chester
United Kingdom
CH1 1HF





REGISTERED NUMBER: 11264203 (England and Wales)





ACCOUNTANTS: RfM Alexander Bursk
c/o Alexander Bursk Ltd
Parkgates, Bury New Road
Prestwich
Manchester
M25 0JW

MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,649 98,149

CURRENT ASSETS
Stocks 111,106 135,530
Debtors 5 99,544 634,993
Prepayments and accrued income 2,750 2,750
Cash at bank 4,308 94,468
217,708 867,741
CREDITORS
Amounts falling due within one year 6 128,876 807,629
NET CURRENT ASSETS 88,832 60,112
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,481

158,261

CREDITORS
Amounts falling due after more than one
year

7

(247,639

)

(100,832

)

PROVISIONS FOR LIABILITIES - (24,537 )
NET ASSETS 27,842 32,892

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,742 32,792
27,842 32,892

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 directors acknowledge their 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.

MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




R S McKenna - Director



M J Ashby - Director


MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)

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

1. STATUTORY INFORMATION

MA Design (Chester) Ltd 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.

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.
Plant and machinery etc - 33% on cost and 25% on cost

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

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, 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.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

TAXATION
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

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 5 (2023 - 8 ) .

MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 120,746
Additions 115,314
At 31 March 2024 236,060
DEPRECIATION
At 1 April 2023 22,597
Charge for year 26,814
At 31 March 2024 49,411
NET BOOK VALUE
At 31 March 2024 186,649
At 31 March 2023 98,149

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 97,605 631,993
Other debtors 1,939 3,000
99,544 634,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,316 11,251
Hire purchase contracts 26,759 14,098
Taxation and social security 25,131 169,240
Other creditors 53,670 613,040
128,876 807,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 109,237 24,380
Hire purchase contracts 138,402 76,452
247,639 100,832

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,387 -

MA DESIGN (CHESTER) LTD (REGISTERED NUMBER: 11264203)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 165,161 90,550

9. ULTIMATE CONTROLLING PARTY

The controlling parties of the company are the directors, by virtue of their shareholdings.