REGISTERED NUMBER: 01368061 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

M.S. Storage Equipment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J Simpkin

Mrs J Simpkin

Mr I J Sant

SECRETARY:

Mrs J Simpkin

REGISTERED OFFICE:

Global House Adlington Business Park

Adlington

Macclesfield

Cheshire

SK10 4NL

REGISTERED NUMBER:

01368061 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

76,272

81,916

76,272

81,916

CURRENT ASSETS

Stocks

102,548

111,459

Debtors

6

336,111

375,452

Cash at bank

116,454

30,279

555,113

517,190

CREDITORS

Amounts falling due within one year

7

421,583

410,117

NET CURRENT ASSETS

133,530

107,073

TOTAL ASSETS LESS CURRENT LIABILITIES

209,802

188,989

CREDITORS

Amounts falling due after more than one year

8

(94,249

)

(64,528

)

PROVISIONS FOR LIABILITIES

(8,219

)

-

NET ASSETS

107,334

124,461

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Capital redemption reserve

1

1

Retained earnings

106,333

123,460

SHAREHOLDERS' FUNDS

107,334

124,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Mr B J Simpkin - Director

1.	STATUTORY INFORMATION

M.S. Storage Equipment 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Fixtures and fittings 20% reducing balance

Computer equipment 20% straight line

Motor vehicles 20% reducing balance

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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

64,482

AMORTISATION

At 1 April 2024

and 31 March 2025

64,482

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

160,092

Additions

16,171

Disposals

(4,113

)

At 31 March 2025

172,150

DEPRECIATION

At 1 April 2024

78,176

Charge for year

21,815

Eliminated on disposal

(4,113

)

At 31 March 2025

95,878

NET BOOK VALUE

At 31 March 2025

76,272

At 31 March 2024

81,916

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

78,000

DEPRECIATION

At 1 April 2024

19,760

Charge for year

11,648

At 31 March 2025

31,408

NET BOOK VALUE

At 31 March 2025

46,592

At 31 March 2024

58,240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

292,507

314,225

Amounts owed by group undertakings

28,889

27,877

Amounts owed by associates

1,670

1,670

Other debtors

13,045

31,680

336,111

375,452

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,998

9,998

Hire purchase contracts (see note 9)

9,880

8,915

Trade creditors

299,166

291,123

Taxation and social security

39,465

60,709

Other creditors

63,074

39,372

421,583

410,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

3,301

13,250

Hire purchase contracts (see note 9)

36,503

51,278

Other creditors

54,445

-

94,249

64,528

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

9,880

8,915

Between one and five years

36,503

51,278

46,383

60,193

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

47,140

25,800

Between one and five years

77,136

81,700

124,276

107,500

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

13,299

23,248

11.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £28,889 (2024- £27,877) to M S Holdings (NW) Ltd.

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by M S Holdings (UK) Ltd.