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REGISTERED NUMBER: 03004695 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

MSB Engineering Limited

MSB Engineering Limited (Registered number: 03004695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MSB Engineering Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S Mayland
Mrs L Mayland





REGISTERED OFFICE: Head Dyke Lane
Pilling
Preston
Lancashire
PR3 6AH





REGISTERED NUMBER: 03004695 (England and Wales)





ACCOUNTANTS: KG Accountancy & Bookkeeping Services Limited
29 Whitegate Drive
Blackpool
Lancashire
FY3 9AA

MSB Engineering Limited (Registered number: 03004695)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,098 24,909

CURRENT ASSETS
Stocks 2,100 2,100
Debtors 5 27,410 23,424
Cash at bank 6,160 41,139
35,670 66,663
CREDITORS
Amounts falling due within one year 6 26,351 74,399
NET CURRENT ASSETS/(LIABILITIES) 9,319 (7,736 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,417

17,173

PROVISIONS FOR LIABILITIES 3,625 3,625
NET ASSETS 24,792 13,548

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 23,792 12,548
24,792 13,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MSB Engineering Limited (Registered number: 03004695)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





Mrs L Mayland - Director


MSB Engineering Limited (Registered number: 03004695)

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

1. STATUTORY INFORMATION

MSB Engineering 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MSB Engineering Limited (Registered number: 03004695)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 53,739 101,072 154,811
Disposals - (21,720 ) (21,720 )
At 31 December 2024 53,739 79,352 133,091
DEPRECIATION
At 1 January 2024 43,930 85,972 129,902
Charge for year 1,471 1,899 3,370
Eliminated on disposal - (19,279 ) (19,279 )
At 31 December 2024 45,401 68,592 113,993
NET BOOK VALUE
At 31 December 2024 8,338 10,760 19,098
At 31 December 2023 9,809 15,100 24,909

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 27,410 23,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 15,677 15,677
Taxation and social security 9,213 11,077
Other creditors 1,461 47,645
26,351 74,399