REGISTERED NUMBER: 07222289 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

MST Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Tupling

REGISTERED OFFICE:

5 Myddleton View

Off Parish Ghyll Drive

Ilkley

West Yorkshire

LS29 9FA

REGISTERED NUMBER:

07222289 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

14,344

17,104

Investments

5

146,592

205,751

160,936

222,855

CURRENT ASSETS

Debtors

6

127,358

114,057

Cash at bank

13,983

28,810

141,341

142,867

CREDITORS

Amounts falling due within one year

7

11,030

53,743

NET CURRENT ASSETS

130,311

89,124

TOTAL ASSETS LESS CURRENT LIABILITIES

291,247

311,979

PROVISIONS FOR LIABILITIES

12,589

22,328

NET ASSETS

278,658

289,651

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserve

27,009

54,157

Retained earnings

251,549

235,394

SHAREHOLDERS' FUNDS

278,658

289,651

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2026 and were signed by:

M J Tupling - Director

1.	STATUTORY INFORMATION

MST Projects 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts chargeable to clients for professional services provided during the period including recoverable expenses, but excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

20% on cost and 15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit & loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are held at year end market value. Any surplus or deficit arising from changes in the market value is recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

22,406

2,147

6,980

31,533

DEPRECIATION

At 1 June 2024

7,392

612

6,425

14,429

Charge for year

2,252

231

277

2,760

At 31 May 2025

9,644

843

6,702

17,189

NET BOOK VALUE

At 31 May 2025

12,762

1,304

278

14,344

At 31 May 2024

15,014

1,535

555

17,104

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 June 2024

205,751

Additions

21,921

Disposals

(44,883

)

Revaluations

(36,197

)

At 31 May 2025

146,592

NET BOOK VALUE

At 31 May 2025

146,592

At 31 May 2024

205,751

Cost or valuation at 31 May 2025 is represented by:

Listed

investments

£

Valuation in 2016

1,436

Valuation in 2017

27,020

Valuation in 2018

(3,181

)

Valuation in 2019

22,387

Valuation in 2020

(5,563

)

Valuation in 2021

22,231

Valuation in 2022

7,427

Valuation in 2023

(11,601

)

Valuation in 2024

12,054

Valuation in 2025

(36,198

)

Cost

110,580

146,592

6.

DEBTORS

31.5.25

31.5.24

£

£

Amounts falling due within one year:

Other debtors

95,806

87,058

Amounts falling due after more than one year:

Other debtors

31,552

26,999

Aggregate amounts

127,358

114,057

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

2,316

1,991

Taxation and social security

7,183

50,293

Other creditors

1,531

1,459

11,030

53,743

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

M J Tupling

Balance outstanding at start of year

86,819

21,488

Amounts advanced

32,000

77,478

Amounts repaid

(23,330

)

(12,147

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

95,489

86,819

Interest has been charged at the official rate. This loan is repayable on demand