MSM Plant Limited - Filleted accounts

Registered number

05384422

MSM Plant Limited

Unaudited Filleted Accounts

31 March 2025

MSM Plant Limited
Registered number:		05384422
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		391,226			422,359
Investments	4		1			1
			391,227			422,360

Current assets
Debtors	5	10,397			14,928
Cash at bank and in hand		614			18,769
		11,011			33,697

Creditors: amounts falling due within one year	6	(73,814)			(61,800)

Net current liabilities			(62,803)			(28,103)

Total assets less current liabilities			328,424			394,257

Creditors: amounts falling due after more than one year	7		(317,974)			(450,133)



Net assets/(liabilities)			10,450			(55,876)

Capital and reserves
Called up share capital			2			2
Profit and loss account			10,448			(55,878)

Shareholders' funds			10,450			(55,876)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Smith
Director
Approved by the board on 23 July 2025

MSM Plant Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Preparation of consolidated financial statements
	The company is exempt from the requirement to prepare consolidated financial statements under section 399(2A) of the Companies Act 2006, as it qualifies as a small entity under FRS 102, Section 1A.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Plant and machinery			15% reducing balance
	Motor Vehicles			25% reducing balance

	Government grants
	Capital based government grants are included within other creditors in the balance sheet and credited to trading profit over the expected useful lives of the assets to which they relate.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	324,249		550,883		25,078		900,210
	At 31 March 2025	324,249		550,883		25,078		900,210

	Depreciation
	At 1 April 2024	64,850		389,943		23,058		477,851
	Charge for the year	6,485		24,143		505		31,133
	At 31 March 2025	71,335		414,086		23,563		508,984

	Net book value
	At 31 March 2025	252,914		136,797		1,515		391,226
	At 31 March 2024	259,399		160,940		2,020		422,359


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024							1

	At 31 March 2025							1


5	Debtors					2025		2024
£							£

	Trade debtors					10,397		14,928


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					35,477		24,679
	Trade creditors					1,549		2,428
	Taxation and social security costs					26,410		23,353
	Other creditors					10,378		11,340
						73,814		61,800


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					134,256		161,479
	Other creditors					183,718		288,654
						317,974		450,133


8	Loans					2025		2024
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					90,298		100,367


	Secured bank loans					169,732		186,158

	The Royal Bank of Scotland PLC has a fixed and floating charge over all the property and assets of the company in connection with their bank loans. The bounce back loan included within bank loans is guaranteed by the government.


9	Other information

	MSM Plant Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit A
	Halesfield 22
	Telford
	Shropshire
	TF7 4QX