REGISTERED NUMBER: 03519814 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

M.S.M Hygiene Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Barge

S A Barge

REGISTERED OFFICE:

Elizabeth House

Wigman Road

Bilborough

Nottingham

NG8 3HY

REGISTERED NUMBER:

03519814 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

302,094

333,544

CURRENT ASSETS

Stocks

224,839

263,847

Debtors

5

422,111

430,573

Cash at bank

574,353

881,669

1,221,303

1,576,089

CREDITORS

Amounts falling due within one year

6

554,295

926,453

NET CURRENT ASSETS

667,008

649,636

TOTAL ASSETS LESS CURRENT LIABILITIES

969,102

983,180

PROVISIONS FOR LIABILITIES

7

12,657

29,118

NET ASSETS

956,445

954,062

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

955,445

953,062

SHAREHOLDERS' FUNDS

956,445

954,062

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

A Barge - Director

1.	STATUTORY INFORMATION

M.S.M Hygiene 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Fixtures and fittings

- 25% on cost

Motor vehicles

- 25% on cost

Computer equipment

- 25% on cost

The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on purchase invoice price on a first in first out basis.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

At each reporting date, stock is assessed for impairment. If impaired, the carrying amount is reduced and the impairment loss is recognised immediately in the profit and loss account.

Deferred tax

Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term highly liquid investment with original maturities of three months or less.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. One the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Related parties

The company is a wholly owned subsidiary undertaking of NIC Group Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of this group, other than as normally disclosed in the notes to the financial statements.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

27,016

502,756

21,298

551,070

Additions

-

157,250

-

157,250

Disposals

(15,899

)

(224,663

)

(21,298

)

(261,860

)

At 31 March 2025

11,117

435,343

-

446,460

DEPRECIATION

At 1 April 2024

27,016

169,212

21,298

217,526

Charge for year

-

125,727

-

125,727

Eliminated on disposal

(15,899

)

(161,690

)

(21,298

)

(198,887

)

At 31 March 2025

11,117

133,249

-

144,366

NET BOOK VALUE

At 31 March 2025

-

302,094

-

302,094

At 31 March 2024

-

333,544

-

333,544

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

406,690

417,366

Directors' current accounts

2,190

-

Tax

1,495

1,495

Prepayments

11,736

11,712

422,111

430,573

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

249,026

248,863

Amounts owed to group undertakings

78,017

443,874

Tax

17,000

11,000

Social security and other taxes

133,652

143,916

Accrued expenses

76,600

78,800

554,295

926,453

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

12,657

29,118

Deferred

tax

£

Balance at 1 April 2024

29,118

Utilised during year

(16,461

)

Balance at 31 March 2025

12,657

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Neal FCA CTA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

9.	OTHER FINANCIAL COMMITMENTS

The company has a contingent liability in respect of a composite guarantee given to National Westminster Bank Plc to secure borrowings within the NIC Group Limited group of companies. At the balance sheet date, the net amount of the group liability was £Nil (2024: £Nil).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors maintain a current account with the company. At the balance sheet date, the amount owing from the directors is shown in the debtors note. The amount is interest free and repayable on demand.

11.	ULTIMATE PARENT COMPANY

The company's ultimate parent undertaking is NIC Group Limited, Elizabeth House, Wigman Road, Bilborough, Nottingham, NG8 3HY. Copies of the consolidated financial statements of NIC Group Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.