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Company registration number: 07690197
MFS Commercials Limited
Unaudited filleted financial statements
31 July 2024
MFS Commercials Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
MFS Commercials Limited
Directors and other information
Director Mr R Stearns
Secretary Mr R Stearns
Company number 07690197
Registered office 45/49 Greek Street
Stockport
Cheshire
SK3 8AX
Accountants Downham Morris & Co
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
Bankers NatWest Bank PLC
Third Avenue
Trafford Park
Manchester
M17 1NW
MFS Commercials Limited
Chartered certified accountants report to the director on the preparation of the
unaudited statutory financial statements of MFS Commercials Limited
Year ended 31st July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MFS Commercials Limited for the year ended 31st July 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the director of MFS Commercials Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of MFS Commercials Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MFS Commercials Limited and its director as a body for our work or for this report.
It is your duty to ensure that MFS Commercials Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MFS Commercials Limited. You consider that MFS Commercials Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of MFS Commercials Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Downham Morris & Co
Chartered Certified Accountants
45/49 Greek Street
Stockport
Cheshire
SK3 8AX
MFS Commercials Limited
Statement of financial position
31st July 2024
2024 2023
£ £
Fixed assets 41,216 48,031
_______ _______
Current assets 194,670 155,602
Creditors: amounts falling due within one year ( 136,157) ( 123,264)
_______ _______
Net current assets 58,513 32,338
_______ _______
Total assets less current liabilities 99,729 80,369
Creditors: amounts falling due after more than one year ( 13,934) ( 26,770)
Accruals and deferred income ( 11,805) ( 9,522)
_______ _______
Net assets 73,990 44,077
_______ _______
Capital and reserves 73,990 44,077
_______ _______
Notes to the financial statements
MFS Commercials Limited
Year ended 31st July 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr R Stearns ( 77,651) 7,976 ( 69,675)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr R Stearns ( 69,914) ( 7,737) ( 77,651)
_______ _______ _______
Directors loans are interest free and repayable on demand.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 14 April 2025 , and are signed on behalf of the board by:
Mr R Stearns
Director
Company registration number: 07690197
The company is a private company limited by shares, registered in England and Wales.