IRIS Accounts Production v24.3.2.46 07222289 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072222892023-05-31072222892024-05-31072222892023-06-012024-05-31072222892022-04-30072222892022-05-012023-05-31072222892023-05-3107222289ns15:EnglandWales2023-06-012024-05-3107222289ns14:PoundSterling2023-06-012024-05-3107222289ns10:Director12023-06-012024-05-3107222289ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107222289ns10:SmallEntities2023-06-012024-05-3107222289ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107222289ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107222289ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107222289ns10:FullAccounts2023-06-012024-05-3107222289ns10:Director22023-06-012024-05-3107222289ns10:RegisteredOffice2023-06-012024-05-3107222289ns5:CurrentFinancialInstruments2024-05-3107222289ns5:CurrentFinancialInstruments2023-05-3107222289ns5:ShareCapital2024-05-3107222289ns5:ShareCapital2023-05-3107222289ns5:RevaluationReserve2024-05-3107222289ns5:RevaluationReserve2023-05-3107222289ns5:RetainedEarningsAccumulatedLosses2024-05-3107222289ns5:RetainedEarningsAccumulatedLosses2023-05-3107222289ns5:PlantMachinery2023-06-012024-05-3107222289ns5:FurnitureFittings2023-06-012024-05-3107222289ns5:ComputerEquipment2023-06-012024-05-3107222289ns5:PlantMachinery2023-05-3107222289ns5:FurnitureFittings2023-05-3107222289ns5:ComputerEquipment2023-05-3107222289ns5:PlantMachinery2024-05-3107222289ns5:FurnitureFittings2024-05-3107222289ns5:ComputerEquipment2024-05-3107222289ns5:PlantMachinery2023-05-3107222289ns5:FurnitureFittings2023-05-3107222289ns5:ComputerEquipment2023-05-3107222289ns5:CostValuationns5:ListedExchangeTraded2023-05-3107222289ns5:AdditionsToInvestmentsns5:ListedExchangeTraded2024-05-3107222289ns5:ListedExchangeTradedns5:DisposalsRepaymentsInvestments2024-05-3107222289ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2024-05-3107222289ns5:CostValuationns5:ListedExchangeTraded2024-05-3107222289ns5:ListedExchangeTraded2024-05-3107222289ns5:ListedExchangeTraded2023-05-3107222289ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107222289ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107222289ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-05-3107222289ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-05-3107222289ns10:Director222023-05-3107222289ns10:Director222022-04-3007222289ns10:Director222023-06-012024-05-3107222289ns10:Director222022-05-012023-05-3107222289ns10:Director222024-05-3107222289ns10:Director222023-05-31
REGISTERED NUMBER: 07222289 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

MST Projects Limited

MST Projects Limited (Registered number: 07222289)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MST Projects Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M J Tupling





REGISTERED OFFICE: 5 Myddleton View
Off Parish Ghyll Drive
Ilkley
West Yorkshire
LS29 9FA





REGISTERED NUMBER: 07222289 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

MST Projects Limited (Registered number: 07222289)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,104 18,313
Investments 5 205,751 193,896
222,855 212,209

CURRENT ASSETS
Debtors 6 114,057 40,816
Cash at bank 28,810 12,101
142,867 52,917
CREDITORS
Amounts falling due within one year 7 53,743 29,075
NET CURRENT ASSETS 89,124 23,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,979

236,051

PROVISIONS FOR LIABILITIES 22,328 19,617
NET ASSETS 289,651 216,434

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 54,157 45,117
Retained earnings 235,394 171,217
SHAREHOLDERS' FUNDS 289,651 216,434

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

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

MST Projects Limited (Registered number: 07222289)

Balance Sheet - continued
31 May 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 by the director and authorised for issue on 19 February 2025 and were signed by:





M J Tupling - Director


MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

MST Projects 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts chargeable to clients for professional services provided during the period including recoverable expenses, but excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are held at year end market value. Any surplus or deficit arising from changes in the market value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Equipment fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 22,406 885 6,147 29,438
Additions - 1,262 833 2,095
At 31 May 2024 22,406 2,147 6,980 31,533
DEPRECIATION
At 1 June 2023 4,742 341 6,042 11,125
Charge for year 2,650 271 383 3,304
At 31 May 2024 7,392 612 6,425 14,429
NET BOOK VALUE
At 31 May 2024 15,014 1,535 555 17,104
At 31 May 2023 17,664 544 105 18,313

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 June 2023 193,896
Additions 19,538
Disposals (19,737 )
Revaluations 12,054
At 31 May 2024 205,751
NET BOOK VALUE
At 31 May 2024 205,751
At 31 May 2023 193,896

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Listed
investments
£   
Valuation in 2015 8,519
Valuation in 2016 (7,083 )
Valuation in 2017 27,020
Valuation in 2018 (3,181 )
Valuation in 2019 22,387
Valuation in 2020 (5,563 )
Valuation in 2021 22,231
Valuation in 2022 7,427
Valuation in 2023 (11,601 )
Valuation in 2024 12,054
Cost 133,541
205,751

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors - 9,180
Other debtors 87,058 24,384
87,058 33,564

Amounts falling due after more than one year:
Other debtors 26,999 7,252

Aggregate amounts 114,057 40,816

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,991 4,223
Taxation and social security 50,293 23,786
Other creditors 1,459 1,066
53,743 29,075

MST Projects Limited (Registered number: 07222289)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
M J Tupling
Balance outstanding at start of year 21,488 (127 )
Amounts advanced 77,478 91,390
Amounts repaid (12,147 ) (69,775 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,819 21,488

Interest has been charged at the official rate. This loan is repayable on demand