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REGISTERED NUMBER: 01487860 (England and Wales)








MSL GLOBAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2024 TO 31 DECEMBER 2024






MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 February 2024 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

MSL GLOBAL LIMITED

COMPANY INFORMATION
for the period 1 February 2024 to 31 December 2024







DIRECTOR: M Tasker



REGISTERED OFFICE: Building 74B Whitehill & Bordon
Enterprise Park
Budds Lane
Bordon
Hampshire
GU35 0FJ



REGISTERED NUMBER: 01487860 (England and Wales)



ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR



SOLICITORS: Hart Brown
Resolution House
Riverview
Walnut Tree Close
Guildford
GU1 4UX

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

BALANCE SHEET
31 December 2024

2024 2024
Notes £ £
FIXED ASSETS
Tangible assets 4 613,959 777,643

CURRENT ASSETS
Debtors 5 1,178,223 613,728
Cash at bank and in hand 2,014,140 1,920,553
3,192,363 2,534,281
CREDITORS
Amounts falling due within one year 6 (1,429,436 ) (1,241,366 )
NET CURRENT ASSETS 1,762,927 1,292,915
TOTAL ASSETS LESS CURRENT LIABILITIES 2,376,886 2,070,558

CREDITORS
Amounts falling due after more than one year 7 (65,609 ) (105,887 )

PROVISIONS FOR LIABILITIES (144,540 ) (182,290 )
NET ASSETS 2,166,737 1,782,381

CAPITAL AND RESERVES
Called up share capital 50,200 50,200
Retained earnings 2,116,537 1,732,181
SHAREHOLDERS' FUNDS 2,166,737 1,782,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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.

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





M Tasker - Director


MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 February 2024 to 31 December 2024


1. STATUTORY INFORMATION

MSL Global 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.

For commercial reasons these accounts have been prepared for a 11 month period.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS 102 1A) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the total amount receivable by the company in the ordinary course of business with outside customers for goods supplied as a principal and for services provided, excluding VAT and trade discounts. Turnover is recognised once the goods and services have been provided to the customer.

Tangible fixed assets
Tangible assets are stated at cost less accumulated deprecation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 10 years straight line, 8 years straight line, 5 years straight line.

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the income statement.

Taxation
Current tax is the amount of corporation tax payable in respect of the taxable profit for the period or prior periods. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 February 2024 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding each period.

Rentals payable under operating leases are charged against income 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.

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 the income statement in the period to which they relate.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

A financial liability exists where there is a contractual obligation to deliver cash or another financial asset to another entity, or to exchange financial assets of financial liabilities under potentially unfavourable conditions. In addition, contracts which result in the entity delivering a variable number of its own equity instruments are financial liabilities. Shares containing such obligations are classified as financial liabilities.

Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. The carrying amount of the liability is increased by the finance cost and reduced by payments made in respect of that liability. Finance costs are calculated so as to produce a constant rate of charge on the outstanding liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Dividends and distributions relating to equity instruments are debited directly to reserves.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 49 (2024 - 44 ) .

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 February 2024 to 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2024 1,687,287
Additions 16,194
Disposals (7,000 )
At 31 December 2024 1,696,481
DEPRECIATION
At 1 February 2024 909,644
Charge for period 179,878
Eliminated on disposal (7,000 )
At 31 December 2024 1,082,522
NET BOOK VALUE
At 31 December 2024 613,959
At 31 January 2024 777,643


Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1 February 2024
and 31 December 2024 244,150
DEPRECIATION
At 1 February 2024 38,657
Charge for period 24,415
At 31 December 2024 63,072
NET BOOK VALUE
At 31 December 2024 181,078
At 31 January 2024 205,493

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 February 2024 to 31 December 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Trade debtors 376,234 468,133
Amounts owed by parent company 49,956 68,143
Other debtors 752,033 77,452
1,178,223 613,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Hire purchase contracts (see note 8) 43,939 43,939
Trade creditors 377,799 91,053
Taxation and social security 278,079 267,938
Other creditors 729,619 838,436
1,429,436 1,241,366

Bank loans, overdraft and credit card facilities are secured by a fixed and floating charge over the company's assets.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2024
£ £
Hire purchase contracts (see note 8) 65,609 105,887

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2024
£ £
Net obligations repayable:
Within one year 43,939 43,939
Between one and five years 65,609 105,887
109,548 149,826

Non-cancellable
operating leases
2024 2024
£ £
Within one year 60,648 140,470
Between one and five years 7,872 56,814
68,520 197,284

MSL GLOBAL LIMITED (REGISTERED NUMBER: 01487860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 February 2024 to 31 December 2024


9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is MSL Global (Holdings) Limited, a company registered in England and Wales by virtue of its 100% shareholding in the company.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MSL GLOBAL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MSL Global Limited for the period ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MSL Global Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MSL Global Limited and state those matters that we have agreed to state to the director of MSL Global Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MSL Global Limited and its director for our work or for this report.

It is your duty to ensure that MSL Global 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 MSL Global Limited. You consider that MSL Global Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MSL Global 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


25 June 2025