MS DECORATING LIMITED

Company Registration Number:
NI604827 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MS DECORATING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

MS DECORATING LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,960 23,704
Total fixed assets: 7,960 23,704
Current assets
Stocks: 210,220 109,751
Debtors:   67,614 46,957
Cash at bank and in hand: 116,088 235,762
Total current assets: 393,922 392,470
Creditors: amounts falling due within one year:   (49,750) (60,353)
Net current assets (liabilities): 344,172 332,117
Total assets less current liabilities: 352,132 355,821
Total net assets (liabilities): 352,132 355,821
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 352,130 355,819
Shareholders funds: 352,132 355,821

The notes form part of these financial statements

MS DECORATING LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2025
and signed on behalf of the board by:

Name: Mr Seamus Reid
Status: Director

The notes form part of these financial statements

MS DECORATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line Fittings fixtures and equipment - 25% straight line Motor vehicles - 25% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

MS DECORATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 12 11

MS DECORATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 227,902
Additions 2,150
Disposals (14,985)
At 31 October 2024 215,067
Depreciation
At 01 November 2023 204,198
Charge for year 17,894
On disposals (14,985)
At 31 October 2024 207,107
Net book value
At 31 October 2024 7,960
At 31 October 2023 23,704

MS DECORATING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Loans to directors

Name of director receiving advance or credit: Mr S Reid
Description of the loan: Loan
£
Balance at 01 November 2023 3,300
Advances or credits repaid: 1,481
Balance at 31 October 2024 1,819

The above advances are repayable on demand and are Interest free