MS Retail Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14544046

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,230		9,230

			9,230		9,230
CURRENT ASSETS
Stocks	5	115,937		85,441
Debtors	6	37,335		56,183
Cash at bank and in hand		27,362		96,642

		180,634		238,266
Creditors: Amounts Falling Due Within One Year	7	(580,809 )		(286,385 )

NET CURRENT ASSETS (LIABILITIES)			(400,175 )		(48,119 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(390,945 )		(38,889 )

Creditors: Amounts Falling Due After More Than One Year	8		(148,149 )		(124,286 )

NET LIABILITIES			(539,094 )		(163,175 )

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			(539,104 )		(163,185 )

SHAREHOLDERS' FUNDS			(539,094)		(163,175)

Page 1

Page 2

MS Retail Group Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Matthew King

Director

18/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

MS Retail Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14544046 . The registered office is Jordangate House, Jordangate, Macclesfield, Cheshire, SK10 1EQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life. This year goodwill has not been amortised.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	9,230

As at 31 December 2024	9,230

Net Book Value
As at 31 December 2024	9,230

As at 1 January 2024	9,230

5. Stocks

	31 December 2024	31 December 2023
	£	£
Finished goods	115,937	85,441

Page 3

Page 4

MS Retail Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	28,270	8,725
Prepayments and accrued income	4,545	47,458
Other debtors	4,520	-

	37,335	56,183

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	191,797	121,311
Bank loans and overdrafts	13,507	-
Other taxes and social security	66,565	24,105
VAT	268,390	120,532
Other creditors	-	227
Accruals and deferred income	13,082	18,159
Directors' loan accounts	27,468	2,051

	580,809	286,385

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	48,139	12,640
Other loans	100,010	110,000
Other creditors	-	1,646

	148,149	124,286

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	10	10

Page 4