Company Registration No. 5400370 (England and Wales)
MSM Construction (Northern) Ltd.
Unaudited accounts
for the year ended 28 February 2025
MSM Construction (Northern) Ltd.
Unaudited accounts
Contents
MSM Construction (Northern) Ltd.
Company Information
for the year ended 28 February 2025
Directors
NA Moon
D Segger
K Segger
Company Number
5400370 (England and Wales)
Registered Office
6 Crownest Road
Barnoldswick
Lancashire
BB18 5DD
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
MSM Construction (Northern) Ltd.
Statement of financial position
as at 28 February 2025
Tangible assets
201,180
223,086
Cash at bank and in hand
2,329,705
1,565,062
Creditors: amounts falling due within one year
(579,472)
(578,932)
Net current assets
1,883,967
1,262,992
Total assets less current liabilities
2,085,147
1,486,078
Provisions for liabilities
Deferred tax
(50,296)
(55,772)
Net assets
2,034,851
1,430,306
Called up share capital
20
20
Profit and loss account
2,034,831
1,430,286
Shareholders' funds
2,034,851
1,430,306
For the year ending 28 February 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 November 2025 and were signed on its behalf by
K Segger
Director
Company Registration No. 5400370
MSM Construction (Northern) Ltd.
Notes to the Accounts
for the year ended 28 February 2025
MSM Construction (Northern) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 5400370. The registered office is 6 Crownest Road, Barnoldswick, Lancashire, BB18 5DD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MSM Construction (Northern) Ltd.
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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 March 2024
293,325
142,464
759
6,595
443,143
Additions
160
23,200
-
830
24,190
Disposals
-
(9,800)
-
-
(9,800)
At 28 February 2025
293,485
155,864
759
7,425
457,533
At 1 March 2024
128,888
86,095
759
4,315
220,057
Charge for the year
24,690
19,647
-
778
45,115
On disposals
-
(8,819)
-
-
(8,819)
At 28 February 2025
153,578
96,923
759
5,093
256,353
At 28 February 2025
139,907
58,941
-
2,332
201,180
At 29 February 2024
164,437
56,369
-
2,280
223,086
Amounts falling due within one year
Trade debtors
2,235
15,436
Accrued income and prepayments
131,499
261,426
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
156,640
277,243
Taxes and social security
381,662
242,276
Loans from directors
40,220
58,463
7
Average number of employees
During the year the average number of employees was 7 (2024: 7).