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Company Registration No. 11224533 (England and Wales)
MST & JAMES LTD Unaudited accounts for the year ended 31 January 2025
MST & JAMES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MST & JAMES LTD Company Information for the year ended 31 January 2025
Directors
Mandeep Singh Thethi Daniel Luke James
Company Number
11224533 (England and Wales)
Registered Office
19 WOOD STREET PARK VILLAGE WOLVERHAMPTON WV10 9DS ENGLAND
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MST & JAMES LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
63,680
23,498
Current assets
Inventories
43,020
39,646
Debtors
5
100
100
Cash at bank and in hand
3,589
2,186
46,709
41,932
Creditors: amounts falling due within one year
6
(62,635)
(16,774)
Net current (liabilities)/assets
(15,926)
25,158
Total assets less current liabilities
47,754
48,656
Creditors: amounts falling due after more than one year
7
(27,298)
(31,945)
Net assets
20,456
16,711
Capital and reserves
Called up share capital
100
100
Profit and loss account
20,356
16,611
Shareholders' funds
20,456
16,711
For the year ending 31 January 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by
Mandeep Singh Thethi Director Company Registration No. 11224533
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MST & JAMES LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
MST & JAMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11224533. The registered office is 19 WOOD STREET PARK VILLAGE, WOLVERHAMPTON, WV10 9DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2024
26,199
3,000
-
1,499
30,698
Additions
20,043
-
14,355
8,404
42,802
At 31 January 2025
46,242
3,000
14,355
9,903
73,500
Depreciation
At 1 February 2024
3,000
3,000
-
1,200
7,200
Charge for the year
2,320
-
-
300
2,620
At 31 January 2025
5,320
3,000
-
1,500
9,820
Net book value
At 31 January 2025
40,922
-
14,355
8,403
63,680
At 31 January 2024
23,199
-
-
299
23,498
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
100
100
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MST & JAMES LTD Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
1,295
569
Trade creditors
9,745
6,328
Taxes and social security
1,222
1,526
Loans from directors
50,373
8,351
62,635
16,774
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
27,298
31,945
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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