Silverfin false false 28/02/2025 29/02/2024 28/02/2025 A Hooper 24/02/2003 M S Hooper 24/02/2003 10 June 2025 The principal activity of the Company during the financial year is that of electronics engineers. 04676100 2025-02-28 04676100 bus:Director1 2025-02-28 04676100 bus:Director2 2025-02-28 04676100 2024-02-28 04676100 core:CurrentFinancialInstruments 2025-02-28 04676100 core:CurrentFinancialInstruments 2024-02-28 04676100 core:ShareCapital 2025-02-28 04676100 core:ShareCapital 2024-02-28 04676100 core:RetainedEarningsAccumulatedLosses 2025-02-28 04676100 core:RetainedEarningsAccumulatedLosses 2024-02-28 04676100 core:PlantMachinery 2024-02-28 04676100 core:FurnitureFittings 2024-02-28 04676100 core:OfficeEquipment 2024-02-28 04676100 core:PlantMachinery 2025-02-28 04676100 core:FurnitureFittings 2025-02-28 04676100 core:OfficeEquipment 2025-02-28 04676100 2024-02-29 2025-02-28 04676100 bus:FilletedAccounts 2024-02-29 2025-02-28 04676100 bus:SmallEntities 2024-02-29 2025-02-28 04676100 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 04676100 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 04676100 bus:Director1 2024-02-29 2025-02-28 04676100 bus:Director2 2024-02-29 2025-02-28 04676100 core:PlantMachinery 2024-02-29 2025-02-28 04676100 core:FurnitureFittings 2024-02-29 2025-02-28 04676100 core:OfficeEquipment 2024-02-29 2025-02-28 04676100 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure

Company No: 04676100 (England and Wales)

M.S.H ELECTRONICS LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

M.S.H ELECTRONICS LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

M.S.H ELECTRONICS LIMITED

BALANCE SHEET

As at 28 February 2025
M.S.H ELECTRONICS LIMITED

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 7,006 7,806
7,006 7,806
Current assets
Stocks 10,000 10,000
Debtors 4 17,124 17,714
Cash at bank and in hand 287,311 286,550
314,435 314,264
Creditors: amounts falling due within one year 5 ( 67,473) ( 77,956)
Net current assets 246,962 236,308
Total assets less current liabilities 253,968 244,114
Net assets 253,968 244,114
Capital and reserves
Called-up share capital 100 100
Profit and loss account 253,868 244,014
Total shareholders' funds 253,968 244,114

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of M.S.H Electronics Limited (registered number: 04676100) were approved and authorised for issue by the Board of Directors on 10 June 2025. They were signed on its behalf by:

M S Hooper
Director
M.S.H ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
M.S.H ELECTRONICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M.S.H Electronics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is 2b Linthorpe Road, Poole, Dorset, BH15 2JS.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 6

3. Tangible assets

Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 29 February 2024 24,931 14,608 9,631 49,170
Additions 0 0 406 406
At 28 February 2025 24,931 14,608 10,037 49,576
Accumulated depreciation
At 29 February 2024 20,877 13,540 6,947 41,364
Charge for the financial year 608 160 438 1,206
At 28 February 2025 21,485 13,700 7,385 42,570
Net book value
At 28 February 2025 3,446 908 2,652 7,006
At 28 February 2024 4,054 1,068 2,684 7,806

4. Debtors

2025 2024
£ £
Trade debtors 15,000 15,000
Other debtors 2,124 2,714
17,124 17,714

5. Creditors: amounts falling due within one year

2025 2024
£ £
Amounts owed to directors 808 19,270
Accruals 3,534 10,800
Taxation and social security 63,131 47,886
67,473 77,956