MSEL Services Limited - Filleted accounts

Registered number

11032632

MSEL Services Limited

Filleted Accounts

31 October 2025

MSEL Services Limited
Registered number:		11032632
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		117,523			121,214

Current assets
Debtors	4	95,772			116,120
Cash at bank and in hand		39,687			52,149
		135,459			168,269

Creditors: amounts falling due within one year	5	(112,089)			(122,820)

Net current assets			23,370			45,449

Total assets less current liabilities			140,893			166,663

Creditors: amounts falling due after more than one year	6		(38,519)			(32,781)

Provisions for liabilities			(29,381)			(22,976)


Net assets			72,993			110,906

Capital and reserves
Called up share capital			102			100
Profit and loss account			72,891			110,806

Shareholders' funds			72,993			110,906

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.



M Boylin
Director
Approved by the board on 9 June 2026

MSEL Services Limited
Notes to the Accounts
for the year ended 31 October 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.

	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:

	Fixtures, fittings, tools and equipment	25% reducing balance basis
	Vehicles	25% reducing balance basis

	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			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	6,702		182,817		189,519
	Additions	500		145,568		146,068
	Disposals	-		(144,965)		(144,965)
	At 31 October 2025	7,202		183,420		190,622

	Depreciation
	At 1 November 2024	3,030		65,275		68,305
	Charge for the year	948		29,273		30,221
	On disposals	-		(25,427)		(25,427)
	At 31 October 2025	3,978		69,121		73,099

	Net book value
	At 31 October 2025	3,224		114,299		117,523
	At 31 October 2024	3,672		117,542		121,214


4	Debtors			2025		2024
£					£

	Trade debtors			93,268		106,671
	Other debtors			2,504		9,449
				95,772		116,120


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

	Bank loans and overdrafts			2,813		4,259
	Obligations under finance lease and hire purchase contracts			12,632		8,249
	Trade creditors			17,553		23,148
	Taxation and social security costs			52,275		83,551
	Other creditors			26,816		3,613
				112,089		122,820


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

	Bank loans			-		2,686
	Obligations under finance lease and hire purchase contracts			38,519		30,095
				38,519		32,781


7	Other information

	MSEL Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	27 Fontwell Gardens
	Horton Heath
	Eastleigh
	Hampshire
	SO50 7NL