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REGISTERED NUMBER: 11063232 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MES FINANCIAL SERVICES LIMITED

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MES FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: Mr D M Johnstone
Mr C J F Law





REGISTERED OFFICE: 31 College Green
First Floor
Bristol
BS1 5TB





REGISTERED NUMBER: 11063232 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,928 16,159
Investments 5 2 2
82,930 16,161

CURRENT ASSETS
Debtors 6 91,412 79,471
Cash at bank 249,694 166,613
341,106 246,084
CREDITORS
Amounts falling due within one year 7 161,569 91,671
NET CURRENT ASSETS 179,537 154,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,467

170,574

CREDITORS
Amounts falling due after more than one
year

8

9,239

34,205
NET ASSETS 253,228 136,369

CAPITAL AND RESERVES
Called up share capital 32,240 32,240
Retained earnings 220,988 104,129
253,228 136,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

BALANCE SHEET - continued
30 November 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 6 March 2025 and were signed on its behalf by:





Mr C J F Law - Director


MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

MES Financial Services 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment and Software - at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred 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 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.

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 7 (2023 - 4 ) .

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Computer
Fixtures Equipment
and Motor and
fittings vehicles Software Totals
£    £    £    £   
COST
At 1 December 2023 5,754 1,458 30,080 37,292
Additions 389 - 94,134 94,523
At 30 November 2024 6,143 1,458 124,214 131,815
DEPRECIATION
At 1 December 2023 729 120 20,284 21,133
Charge for year 1,303 334 26,117 27,754
At 30 November 2024 2,032 454 46,401 48,887
NET BOOK VALUE
At 30 November 2024 4,111 1,004 77,813 82,928
At 30 November 2023 5,025 1,338 9,796 16,159

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 2
NET BOOK VALUE
At 30 November 2024 2
At 30 November 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 55,983 59,044
Other debtors 35,429 20,427
91,412 79,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,508 16,548
Trade creditors 33,624 11,855
Amounts owed to group undertakings 2 2
Taxation and social security 96,497 58,910
Other creditors 8,938 4,356
161,569 91,671

MES FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 11063232)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,239 34,205

9. LEASING AGREEMENTS
The total future minimum lease payments under non-cancellable operating leases at 30th November 2024 was £30,117 (2023: £52,793).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr C J F Law
Balance outstanding at start of year 6,846 -
Amounts advanced - 6,846
Amounts repaid (6,846 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,846