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REGISTERED NUMBER: 09261946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

M S Decorating Contractors Ltd

M S Decorating Contractors Ltd (Registered number: 09261946)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M S Decorating Contractors Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: M Simpson





SECRETARY:





REGISTERED OFFICE: 17 Fraser Road
Great Sankey
Warrington
WA5 3PQ





REGISTERED NUMBER: 09261946 (England and Wales)





ACCOUNTANTS: Holland & Co. Chartered Accountants
102/104 Widnes Road
Widnes
Cheshire
WA8 6AX

M S Decorating Contractors Ltd (Registered number: 09261946)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 6,000
Tangible assets 5 5,791 7,721
11,791 13,721

CURRENT ASSETS
Debtors 6 29,329 29,959
Cash at bank 8,136 -
37,465 29,959
CREDITORS
Amounts falling due within one year 7 57,661 43,473
NET CURRENT LIABILITIES (20,196 ) (13,514 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,405

)

207

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,407 ) 205
(8,405 ) 207

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 9 July 2025 and were signed by:





M Simpson - Director


M S Decorating Contractors Ltd (Registered number: 09261946)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

M S Decorating Contractors Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Depreciation is provided at the rate of 20% annualy on a straight line bases in order to write off each asset over its estimated useful life

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.

M S Decorating Contractors Ltd (Registered number: 09261946)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 6,000
NET BOOK VALUE
At 31 October 2024 6,000
At 31 October 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 34,813
DEPRECIATION
At 1 November 2023 27,092
Charge for year 1,930
At 31 October 2024 29,022
NET BOOK VALUE
At 31 October 2024 5,791
At 31 October 2023 7,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 6,447 16,606
Other debtors 22,882 13,353
29,329 29,959

M S Decorating Contractors Ltd (Registered number: 09261946)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 50,132 37,052
Trade creditors 44 44
Taxation and social security 7,485 5,938
Other creditors - 439
57,661 43,473

8. RELATED PARTY DISCLOSURES

As of 31/10/2024, the company is owed £22,881.82 (£8,905.26 2023) from Mr M Simpson . The loan is without interest and repayable upon demand.