MSP Global Trading Ltd - Filleted accounts

Registered number

10550438

MSP Global Trading Ltd

Unaudited Filleted Accounts

30 June 2025

MSP Global Trading Ltd
Registered number:		10550438
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		533,182			404,979

Current assets
Debtors	5	292,790			387,895
Cash at bank and in hand		205,901			197,227
		498,691			585,122

Creditors: amounts falling due within one year	6	(294,063)			(369,909)

Net current assets			204,628			215,213

Total assets less current liabilities			737,810			620,192

Creditors: amounts falling due after more than one year	7		(62,201)			(67,656)



Net assets			675,609			552,536

Capital and reserves
Called up share capital			103			103
Profit and loss account			675,506			552,433

Shareholders' funds			675,609			552,536

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.




L Richards
Director
Approved by the board on 2 December 2025

MSP Global Trading Ltd
Notes to the Accounts
for the year ended 30 June 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).

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Motor vehicles	25% reducing balance
	Plant and machinery	20% reducing balance
	Fixtures, fittings, tools and equipment	20% reducing balance

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			20		18


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2024					6,490
	At 30 June 2025					6,490

	Amortisation
	At 1 July 2024					6,490
	At 30 June 2025					6,490

	Net book value
	At 30 June 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	792,080		94,142		886,222
	Additions	166,974		26,657		193,631
	At 30 June 2025	959,054		120,799		1,079,853

	Depreciation
	At 1 July 2024	432,598		48,645		481,243
	Charge for the year	54,054		11,374		65,428
	At 30 June 2025	486,652		60,019		546,671

	Net book value
	At 30 June 2025	472,402		60,780		533,182
	At 30 June 2024	359,482		45,497		404,979


5	Debtors			2025		2024
£					£

	Trade debtors			238,799		201,798
	Other debtors			53,991		186,097
				292,790		387,895


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

	Bank loans and overdrafts			44,002		48,795
	Obligations under finance lease and hire purchase contracts			41,507		11,436
	Trade creditors			37,415		180,754
	Taxation and social security costs			109,727		105,614
	Other creditors			61,412		23,310
				294,063		369,909


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

	Bank loans			-		39,220
	Obligations under finance lease and hire purchase contracts			62,201		28,436
				62,201		67,656


8	Related party transactions

	At 30 June 2025 the company owed £3,503 (2024 - was owed £164,909) by Stock X AV Ltd (was MSP Group Holdings Ltd). Both companies being under the direct control of the directors C Reader and L Richards.


9	Other information

	MSP Global Trading Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	300 St Mary's Road
	Garston
	Liverpool
	Merseyside
	L19 0NQ