MVS Building Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11246616

MVS Building Limited

Filleted Unaudited Financial Statements

31 March 2025

MVS Building Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	100,954	128,947
Investments	6	1	1
		--------	--------
		100,955	128,948

Current assets

Stocks		9,721	43,477
Debtors	7	191,393	192,318
Cash at bank and in hand		156,928	112,283
		--------	--------
		358,042	348,078

Creditors: amounts falling due within one year	8	357,341	325,366
		--------	--------
Net current assets		701	22,712
		--------	--------
Total assets less current liabilities		101,656	151,660

Creditors: amounts falling due after more than one year	9	5,000	15,000

Provisions	25,239	31,479
	--------	--------
Net assets	71,417	105,181
	--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	71,416	105,180
	-------	--------
Shareholders funds	71,417	105,181
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

MVS Building Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

Mr A Sweeney

Director

Company registration number: 11246616

MVS Building Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kings Head House, 15 London Road, Beaconsfield, HP9 2HN, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Revenue recognition

Turnover is measured at the fair value of the consideration receivable for goods supplied and services rendered during the period, net of Value Added Tax.

(c) Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(d) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(e) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% Reducing balance
Motor vehicles	-	25% Reducing balance
Equipment	-	`25% Straight line`

(f) Investments

Fixed asset investments, including shares in group undertakings, are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses.

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

(i) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

(j) Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

(k) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	14,709	170,977	21,267	206,953
Additions	141	–	8,554	8,695
Disposals	–	–	( 3,746)	( 3,746)
	-------	--------	-------	--------
At 31 March 2025	14,850	170,977	26,075	211,902
	-------	--------	-------	--------
Depreciation
At 1 April 2024	9,504	60,445	8,057	78,006
Charge for the year	1,322	27,633	6,796	35,751
Disposals	–	–	( 2,809)	( 2,809)
	-------	--------	-------	--------
At 31 March 2025	10,826	88,078	12,044	110,948
	-------	--------	-------	--------
Carrying amount
At 31 March 2025	4,024	82,899	14,031	100,954
	-------	--------	-------	--------
At 31 March 2024	5,205	110,532	13,210	128,947
	-------	--------	-------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1
	---
Impairment
At 1 April 2024 and 31 March 2025	–
	---

Carrying amount
At 31 March 2025	1
	---
At 31 March 2024	1
	---

7. Debtors

	2025	2024
	£	£
Trade debtors	163,166	56,896
Other debtors	28,227	135,422
	--------	--------
	191,393	192,318
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	110,515	127,333
Amounts owed to group undertakings	153,109	114,957
Corporation tax	20,913	27,581
Social security and other taxes	42,820	14,524
Other creditors	19,984	30,971
	--------	--------
	357,341	325,366
	--------	--------

Other creditors falling due within one year includes £Nil (2024: £12,987) due under hire purchase contracts which are secured against the relevant motor vehicle.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	15,000
	------	-------