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REGISTERED NUMBER: 08114894 (England and Wales)















M S CUNNINGHAM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)






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


M S CUNNINGHAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: M S Cunningham





REGISTERED OFFICE: Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT





REGISTERED NUMBER: 08114894 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,000 19,000
Tangible assets 5 427,286 458,563
446,286 477,563

CURRENT ASSETS
Debtors 6 59,421 36,388
Prepayments and accrued income 30,427 12,191
Cash at bank 691,049 252,459
780,897 301,038
CREDITORS
Amounts falling due within one year 7 324,165 31,767
NET CURRENT ASSETS 456,732 269,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,018

746,834

PROVISIONS FOR LIABILITIES (110,612 ) (118,431 )

ACCRUALS AND DEFERRED INCOME (2,691 ) (2,430 )
NET ASSETS 789,715 625,973

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 789,615 625,873
SHAREHOLDERS' FUNDS 789,715 625,973

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.

M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)

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 28 November 2024 and were signed by:





M S Cunningham - Director


M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)

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

1. STATUTORY INFORMATION

M S Cunningham 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.

The financial statements have been prepared using the going concern basis, despite net current liabilities at the balance sheet date. The company is reliant upon the continued financial support of the controlling party. The director considers the company retains sufficient working capital to continue trading for the foreseeable future.

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.

Freehold property - 10% on cost
Plant and machinery - Varies 18% Reducing Balance and 5% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 19,000
NET BOOK VALUE
At 31 May 2024 19,000
At 31 May 2023 19,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2023 9,698 752,662 2,719 765,079
Additions - 7,862 - 7,862
At 31 May 2024 9,698 760,524 2,719 772,941
DEPRECIATION
At 1 June 2023 4,640 300,564 1,312 306,516
Charge for year 587 37,859 693 39,139
At 31 May 2024 5,227 338,423 2,005 345,655
NET BOOK VALUE
At 31 May 2024 4,471 422,101 714 427,286
At 31 May 2023 5,058 452,098 1,407 458,563

Included in cost of land and buildings is freehold land of £ 3,837 (2023 - £ 3,837 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 59,421 36,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,121 67
Taxation and social security 69,042 31,700
Other creditors 250,002 -
324,165 31,767

M S CUNNINGHAM LTD (REGISTERED NUMBER: 08114894)

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 years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
M S Cunningham
Balance outstanding at start of year 36,388 (212,894 )
Amounts advanced 59,878 251,589
Amounts repaid (36,845 ) (2,307 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,421 36,388

The accounts include interest charged on Directors' current accounts of £1,276 (2023: £1,492) The interest rate charged was the official rate. The loan was fully repaid after the year end.