Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31truefalse2023-11-01falseDesign and manufacture of bodypanels for public service vehicles3337trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03253994 2023-11-01 2024-10-31 03253994 2022-11-01 2023-10-31 03253994 2024-10-31 03253994 2023-10-31 03253994 2022-11-01 03253994 c:Director3 2023-11-01 2024-10-31 03253994 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 03253994 d:Buildings d:LongLeaseholdAssets 2024-10-31 03253994 d:Buildings d:LongLeaseholdAssets 2023-10-31 03253994 d:PlantMachinery 2023-11-01 2024-10-31 03253994 d:PlantMachinery 2024-10-31 03253994 d:PlantMachinery 2023-10-31 03253994 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03253994 d:MotorVehicles 2023-11-01 2024-10-31 03253994 d:MotorVehicles 2024-10-31 03253994 d:MotorVehicles 2023-10-31 03253994 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03253994 d:FurnitureFittings 2023-11-01 2024-10-31 03253994 d:FurnitureFittings 2024-10-31 03253994 d:FurnitureFittings 2023-10-31 03253994 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03253994 d:OfficeEquipment 2023-11-01 2024-10-31 03253994 d:OfficeEquipment 2024-10-31 03253994 d:OfficeEquipment 2023-10-31 03253994 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03253994 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03253994 d:Goodwill 2024-10-31 03253994 d:Goodwill 2023-10-31 03253994 d:CurrentFinancialInstruments 2024-10-31 03253994 d:CurrentFinancialInstruments 2023-10-31 03253994 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03253994 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03253994 d:ShareCapital 2024-10-31 03253994 d:ShareCapital 2023-10-31 03253994 d:RetainedEarningsAccumulatedLosses 2024-10-31 03253994 d:RetainedEarningsAccumulatedLosses 2023-10-31 03253994 c:FRS102 2023-11-01 2024-10-31 03253994 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03253994 c:FullAccounts 2023-11-01 2024-10-31 03253994 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03253994 d:WithinOneYear 2024-10-31 03253994 d:WithinOneYear 2023-10-31 03253994 d:BetweenOneFiveYears 2024-10-31 03253994 d:BetweenOneFiveYears 2023-10-31 03253994 d:MoreThanFiveYears 2024-10-31 03253994 d:MoreThanFiveYears 2023-10-31 03253994 7 2023-11-01 2024-10-31 03253994 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 03253994 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 03253994 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 03253994 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 03253994 d:RetirementBenefitObligationsDeferredTax 2024-10-31 03253994 d:RetirementBenefitObligationsDeferredTax 2023-10-31 03253994 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 03253994 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 03253994










MNS MOULDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
MNS MOULDINGS LIMITED
REGISTERED NUMBER: 03253994

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
46,091
59,591

Tangible assets
 5 
27,186
33,042

  
73,277
92,633

Current assets
  

Stocks
  
47,250
47,250

Debtors: amounts falling due within one year
 6 
661,056
485,686

Cash at bank and in hand
  
48,013
214,119

  
756,319
747,055

Creditors: amounts falling due within one year
 7 
(402,964)
(423,605)

Net current assets
  
 
 
353,355
 
 
323,450

Total assets less current liabilities
  
426,632
416,083

  

Net assets
  
426,632
416,083


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
426,532
415,983

  
426,632
416,083


Page 1

 
MNS MOULDINGS LIMITED
REGISTERED NUMBER: 03253994
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




M C Smith
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

MNS Mouldings Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 03253994). Its registered office is 11 Norton Church Glebe, Sheffield, S8 8JX. The principal activity of the Company throughout the year was that of the design and manufacture of body panels for public service vehicles. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Long-term leasehold property
-
7%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life of 20 years.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

Page 4

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.8

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a seperate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held seperately from the Company in independently administered funds.

 
2.9

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet date.

Page 5

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 33 (2023 - 37).


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
102,341



At 31 October 2024

102,341



Amortisation


At 1 November 2023
42,750


Charge for the year on owned assets
13,500



At 31 October 2024

56,250



Net book value



At 31 October 2024
46,091



At 31 October 2023
59,591



Page 6

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 November 2023
40,182
114,218
51,037
11,787
7,876


Additions
-
475
-
449
1,070



At 31 October 2024

40,182
114,693
51,037
12,236
8,946



Depreciation


At 1 November 2023
40,182
107,817
30,971
7,992
5,096


Charge for the year on owned assets
-
1,671
5,017
612
550



At 31 October 2024

40,182
109,488
35,988
8,604
5,646



Net book value



At 31 October 2024
-
5,205
15,049
3,632
3,300



At 31 October 2023
-
6,401
20,066
3,795
2,780
Page 7

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           5.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 November 2023
225,100


Additions
1,994



At 31 October 2024

227,094



Depreciation


At 1 November 2023
192,058


Charge for the year on owned assets
7,850



At 31 October 2024

199,908



Net book value



At 31 October 2024
27,186



At 31 October 2023
33,042


6.


Debtors

2024
2023
£
£


Trade debtors
582,361
440,519

Other debtors
70,836
30,771

Deferred taxation
7,859
14,396

661,056
485,686


Page 8

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
173,784
194,486

Other taxation and social security
96,801
66,509

Other creditors
132,379
162,610

402,964
423,605



8.


Deferred taxation




2024
2023


£

£






At beginning of year
14,396
14,697


Charged to Statement of Income and Retained Earnings
(6,537)
(301)



At end of year
7,859
14,396

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
2,491
1,867

Tax losses carried forward
5,303
12,472

Pension surplus
65
57

7,859
14,396


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £15,188 (2023: £13,570). Contributions totalling £345 (2023: £303) were payable to the fund at the Balance Sheet date and are included in creditors.

Page 9

 
MNS MOULDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Commitments under operating leases

At 31 October 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
84,290
-

Later than 1 year and not later than 5 years
272,373
-

Later than 5 years
504,958
-

861,621
-

 
Page 10