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REGISTERED NUMBER: 03688375 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2025

for

MSP CONSTRUCTION LIMITED

MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MSP CONSTRUCTION LIMITED

Company Information
for the Year Ended 31 January 2025







DIRECTOR: M S Pepper





REGISTERED OFFICE: Swinton Bridge Industrial Estate
Whitelea Road
Swinton
Mexborough
S64 8BH





REGISTERED NUMBER: 03688375 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 296,473 383,944
Investment property 5 146,671 146,671
443,144 530,615

CURRENT ASSETS
Stocks 23,200 21,250
Debtors 6 399,920 529,548
Cash at bank and in hand 2,127,051 2,034,289
2,550,171 2,585,087
CREDITORS
Amounts falling due within one year 7 595,011 680,650
NET CURRENT ASSETS 1,955,160 1,904,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,398,304

2,435,052

CREDITORS
Amounts falling due after more than one year 8 (84,363 ) (190,260 )

PROVISIONS FOR LIABILITIES (15,840 ) (33,988 )
NET ASSETS 2,298,101 2,210,804

CAPITAL AND RESERVES
Called up share capital 532 532
Retained earnings 2,297,569 2,210,272
SHAREHOLDERS' FUNDS 2,298,101 2,210,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Statement of Financial Position - continued
31 January 2025


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 director and authorised for issue on 10 April 2025 and were signed by:





M S Pepper - Director


MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

MSP Construction 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

Financial instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction
price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

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 statement of financial position date.


MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2024 37,990 44,527 546,243 628,760
Additions - 7,569 - 7,569
At 31 January 2025 37,990 52,096 546,243 636,329
DEPRECIATION
At 1 February 2024 28,016 28,706 188,094 244,816
Charge for year 1,994 3,509 89,537 95,040
At 31 January 2025 30,010 32,215 277,631 339,856
NET BOOK VALUE
At 31 January 2025 7,980 19,881 268,612 296,473
At 31 January 2024 9,974 15,821 358,149 383,944

MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 501,645
Transfer to ownership (22,797 )
At 31 January 2025 478,848
DEPRECIATION
At 1 February 2024 168,582
Charge for year 81,463
Transfer to ownership (15,584 )
At 31 January 2025 234,461
NET BOOK VALUE
At 31 January 2025 244,387
At 31 January 2024 333,063

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 146,671
NET BOOK VALUE
At 31 January 2025 146,671
At 31 January 2024 146,671

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 399,695 529,548
Other debtors 225 -
399,920 529,548

MSP CONSTRUCTION LIMITED (REGISTERED NUMBER: 03688375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 95,728 98,610
Trade creditors 233,887 251,032
Taxation and social security 237,235 303,554
Other creditors 18,161 17,454
595,011 680,650

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 3,956 14,116
Hire purchase contracts 80,407 176,144
84,363 190,260

9. ULTIMATE CONTROLLING PARTY

The controlling party is M S Pepper.