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Company Registration No. 11985756 (England and Wales)
MSB1 LTD Unaudited accounts for the year ended 30 May 2024
MSB1 LTD Unaudited accounts Contents
Page
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MSB1 LTD Company Information for the year ended 30 May 2024
Director
D A Harrison
Company Number
11985756 (England and Wales)
Registered Office
5300 LAKESIDE 5300 LAKESIDE CHEADLE ROYAL BUSINESS PARK STOCKPORT SK8 3GP ENGLAND
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MSB1 LTD Statement of financial position as at 30 May 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,406,208 
717,137 
Debtors
29,365 
9 
Cash at bank and in hand
470 
70 
1,436,043 
717,216 
Creditors: amounts falling due within one year
(75,311)
(50,608)
Net current assets
1,360,732 
666,608 
Total assets less current liabilities
1,360,732 
666,608 
Creditors: amounts falling due after more than one year
(1,636,743)
(848,066)
Net liabilities
(276,011)
(181,458)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(276,012)
(181,459)
Shareholders' funds
(276,011)
(181,458)
For the year ending 30 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 director acknowledges his 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 and authorised for issue on 18 February 2025 and were signed on its behalf by
D A Harrison Director Company Registration No. 11985756
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MSB1 LTD Notes to the Accounts for the year ended 30 May 2024
1
Statutory information
MSB1 LTD is a private company, limited by shares, registered in England and Wales, registration number 11985756. The registered office is 5300 LAKESIDE 5300 LAKESIDE, CHEADLE ROYAL BUSINESS PARK, STOCKPORT, SK8 3GP, ENGLAND.
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.
Stocks
Work in progress is valued at the lower of cost and net realisable value. 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.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11 
8 
Amounts due from group undertakings etc.
27,353 
- 
Other debtors
2,001 
1 
29,365 
9 
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MSB1 LTD Notes to the Accounts for the year ended 30 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,402 
- 
Taxes and social security
12,000 
- 
Other creditors
53,614 
49,313 
Accruals
1,295 
1,295 
75,311 
50,608 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
450,003 
416,544 
Other creditors
1,186,740 
431,522 
1,636,743 
848,066 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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