IRIS Accounts Production v24.3.2.46 08899578 Board of Directors 29.3.23 28.3.24 28.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088995782023-03-28088995782024-03-28088995782023-03-292024-03-28088995782022-03-28088995782022-03-292023-03-28088995782023-03-2808899578ns15:EnglandWales2023-03-292024-03-2808899578ns14:PoundSterling2023-03-292024-03-2808899578ns10:Director12023-03-292024-03-2808899578ns10:PrivateLimitedCompanyLtd2023-03-292024-03-2808899578ns10:SmallEntities2023-03-292024-03-2808899578ns10:AuditExempt-NoAccountantsReport2023-03-292024-03-2808899578ns10:SmallCompaniesRegimeForDirectorsReport2023-03-292024-03-2808899578ns10:SmallCompaniesRegimeForAccounts2023-03-292024-03-2808899578ns10:FullAccounts2023-03-292024-03-280889957812023-03-292024-03-2808899578ns10:Director22023-03-292024-03-2808899578ns10:RegisteredOffice2023-03-292024-03-2808899578ns5:CurrentFinancialInstruments2024-03-2808899578ns5:CurrentFinancialInstruments2023-03-2808899578ns5:Non-currentFinancialInstruments2024-03-2808899578ns5:Non-currentFinancialInstruments2023-03-2808899578ns5:ShareCapital2024-03-2808899578ns5:ShareCapital2023-03-2808899578ns5:RetainedEarningsAccumulatedLosses2024-03-2808899578ns5:RetainedEarningsAccumulatedLosses2023-03-2808899578ns5:NetGoodwill2023-03-292024-03-2808899578ns5:IntangibleAssetsOtherThanGoodwill2023-03-292024-03-2808899578ns5:PlantMachinery2023-03-292024-03-2808899578ns5:NetGoodwill2023-03-2808899578ns5:NetGoodwill2024-03-2808899578ns5:NetGoodwill2023-03-2808899578ns5:PlantMachinery2023-03-2808899578ns5:PlantMachinery2024-03-2808899578ns5:PlantMachinery2023-03-2808899578ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-2808899578ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-28
REGISTERED NUMBER: 08899578 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28 March 2024

for

Mss Performance Limited

Mss Performance Limited (Registered number: 08899578)






Contents of the Financial Statements
for the year ended 28 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mss Performance Limited

Company Information
for the year ended 28 March 2024







DIRECTORS: J R Cobbold
N Morgan





REGISTERED OFFICE: Warden House
37 Manor Road
Colchester
Essex
CO3 3LX





REGISTERED NUMBER: 08899578 (England and Wales)





ACCOUNTANTS: Tile & Co Essex Ltd
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Mss Performance Limited (Registered number: 08899578)

Balance Sheet
28 March 2024

28.3.24 28.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,352 86,198
69,352 86,198

CURRENT ASSETS
Stocks 279,787 246,374
Debtors 6 68,505 67,780
Cash at bank and in hand 674 5,849
348,966 320,003
CREDITORS
Amounts falling due within one year 7 213,507 123,935
NET CURRENT ASSETS 135,459 196,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,811

282,266

CREDITORS
Amounts falling due after more than one
year

8

(43,588

)

(117,258

)

PROVISIONS FOR LIABILITIES (12,439 ) (11,039 )
NET ASSETS 148,784 153,969

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 148,682 153,867
SHAREHOLDERS' FUNDS 148,784 153,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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.

Mss Performance Limited (Registered number: 08899578)

Balance Sheet - continued
28 March 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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





N Morgan - Director


Mss Performance Limited (Registered number: 08899578)

Notes to the Financial Statements
for the year ended 28 March 2024

1. STATUTORY INFORMATION

Mss Performance 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Mss Performance Limited (Registered number: 08899578)

Notes to the Financial Statements - continued
for the year ended 28 March 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 March 2023
and 28 March 2024 20,000
AMORTISATION
At 29 March 2023
and 28 March 2024 20,000
NET BOOK VALUE
At 28 March 2024 -
At 28 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 March 2023 243,377
Additions 12,209
At 28 March 2024 255,586
DEPRECIATION
At 29 March 2023 157,179
Charge for year 29,055
At 28 March 2024 186,234
NET BOOK VALUE
At 28 March 2024 69,352
At 28 March 2023 86,198

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Trade debtors 58,823 54,663
Other debtors 9,682 13,117
68,505 67,780

Mss Performance Limited (Registered number: 08899578)

Notes to the Financial Statements - continued
for the year ended 28 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Bank loans and overdrafts 9,745 24,343
Hire purchase contracts 3,800 2,094
Trade creditors 119,598 29,566
Taxation and social security 43,522 7,913
Other creditors 36,842 60,019
213,507 123,935

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.3.24 28.3.23
£    £   
Bank loans 31,016 108,543
Hire purchase contracts 12,572 8,715
43,588 117,258

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,127 49,875

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a Director made loans totalling £7,755 (2023: received loan repayments totalling £26,670).

At the balance sheet date £8,712 (2023: £959) was owed to the Director.

The loan is unsecured, interest free and repayable on demand.