Registered number
10255201
Messenger's French Polishing Limited
Filleted Accounts
30 June 2024
Messenger's French Polishing Limited
Registered number: 10255201
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,976 27,218
Current assets
Debtors 4 187,159 322,645
Cash at bank and in hand 243,020 188,211
430,179 510,856
Creditors: amounts falling due within one year 5 (61,458) (90,397)
Net current assets 368,721 420,459
Total assets less current liabilities 381,697 447,677
Creditors: amounts falling due after more than one year 6 (9,230) (16,615)
Provisions for liabilities (3,425) (3,425)
Net assets 369,042 427,637
Capital and reserves
Called up share capital 1 1
Profit and loss account 369,041 427,636
Shareholder's funds 369,042 427,637
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Messenger
Director
Approved by the board on 26 March 2025
Messenger's French Polishing Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Vehicles over 4 years
Fixtures, fittings, tools and equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 34,563 78,761 113,324
Additions 1,979 - 1,979
At 30 June 2024 36,542 78,761 115,303
Depreciation
At 1 July 2023 31,277 54,829 86,106
Charge for the year 3,293 12,928 16,221
At 30 June 2024 34,570 67,757 102,327
Net book value
At 30 June 2024 1,972 11,004 12,976
At 30 June 2023 3,286 23,932 27,218
4 Debtors 2024 2023
£ £
Trade debtors 39,615 162,272
Other debtors 147,544 160,373
187,159 322,645
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 7,385 7,385
Trade creditors 19,584 15,502
Taxation and social security costs 30,720 49,094
Other creditors 3,769 18,416
61,458 90,397
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 9,230 16,615
7 Other information
Messenger's French Polishing Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 High Street
Chislehurst
Kent
BR7 5AQ
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