Acorah Software Products - Accounts Production 19.3.600 false true 28 February 2025 1 March 2024 false 1 March 2025 28 February 2026 28 February 2026 01839492 Mr A W Barnes Mr D R Tandy Ms C Waring Ms C Waring MSM Forklift Services Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01839492 2025-02-28 01839492 2026-02-28 01839492 2025-03-01 2026-02-28 01839492 frs-core:CurrentFinancialInstruments 2026-02-28 01839492 frs-core:FurnitureFittings 2025-03-01 2026-02-28 01839492 frs-core:NetGoodwill 2026-02-28 01839492 frs-core:NetGoodwill 2025-03-01 2026-02-28 01839492 frs-core:NetGoodwill 2025-02-28 01839492 frs-core:MotorVehicles 2026-02-28 01839492 frs-core:MotorVehicles 2025-03-01 2026-02-28 01839492 frs-core:MotorVehicles 2025-02-28 01839492 frs-core:PlantMachinery 2026-02-28 01839492 frs-core:PlantMachinery 2025-03-01 2026-02-28 01839492 frs-core:PlantMachinery 2025-02-28 01839492 frs-core:ShareCapital 2026-02-28 01839492 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 01839492 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 01839492 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 01839492 frs-bus:SmallEntities 2025-03-01 2026-02-28 01839492 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 01839492 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 01839492 1 2025-03-01 2026-02-28 01839492 frs-bus:Director1 2025-03-01 2026-02-28 01839492 frs-bus:Director2 2025-03-01 2026-02-28 01839492 frs-bus:Director3 2025-03-01 2026-02-28 01839492 frs-bus:CompanySecretary1 2025-03-01 2026-02-28 01839492 frs-countries:EnglandWales 2025-03-01 2026-02-28 01839492 2024-02-29 01839492 2025-02-28 01839492 2024-03-01 2025-02-28 01839492 frs-core:CurrentFinancialInstruments 2025-02-28 01839492 frs-core:ShareCapital 2025-02-28 01839492 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 01839492
MSM/DRH Limited
Unaudited Financial Statements
For The Year Ended 28 February 2026
MSM/DRH Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
MSM/DRH Limited
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 01839492

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 2,158,422 |  | 2,101,398
|  |  | 2,158,422 |  | 2,101,398
CURRENT ASSETS
Stocks | 6 | 1,523,970 |  | 1,769,821 |
Debtors | 7 | 613,261 |  | 694,459 |
Cash at bank and in hand |  | 879,074 |  | 485,966 |
|  | 3,016,305 |  | 2,950,246 |
Creditors: Amounts Falling Due Within One Year | 8 | (933,518 ) |  | (1,014,009 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,082,787 |  | 1,936,237
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,241,209 |  | 4,037,635
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (488,325 ) |  | (566,384 )
NET ASSETS |  |  | 3,752,884 |  | 3,471,251
CAPITAL AND RESERVES
Called up share capital | 9 |  | 40,000 |  | 40,000
Profit and Loss Account |  |  | 3,712,884 |  | 3,431,251
SHAREHOLDERS' FUNDS |  |  | 3,752,884 |  | 3,471,251

Page 1
Page 2
MSM/DRH Limited
Balance Sheet (continued)
As At 28 February 2026
For the year ending 28 February 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr A W Barnes Director | Ms C Waring Director
18 August 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
MSM/DRH Limited
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
MSM/DRH Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01839492 . The registered office is Tonero House, Buckholt Drive, Worcester, WR4 9ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of one year.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 15-25% on cost, 20% on reducing balance
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 15% on cost

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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MSM/DRH Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.10. Operating Leases as a Lessor
Operating lease rentals are credited as income to the profit and loss on a straight line basis over the term of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2025: 38)
39 38
Page 4
Page 5
MSM/DRH Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 March 2025 | 1,500
As at 28 February 2026 | 1,500
Amortisation
As at 1 March 2025 | 1,500
As at 28 February 2026 | 1,500
Net Book Value
As at 28 February 2026 | -
As at 1 March 2025 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 March 2025 | 2,978,575 | 1,061,427 | 4,040,002
Additions | 500,620 | 192,981 | 693,601
Disposals | (200,565 ) | (148,114 ) | (348,679 )
As at 28 February 2026 | 3,278,630 | 1,106,294 | 4,384,924
Depreciation
As at 1 March 2025 | 1,404,690 | 533,914 | 1,938,604
Provided during the period | 351,282 | 146,833 | 498,115
Disposals | (143,920 ) | (66,297 ) | (210,217 )
As at 28 February 2026 | 1,612,052 | 614,450 | 2,226,502
Net Book Value
As at 28 February 2026 | 1,666,578 | 491,844 | 2,158,422
As at 1 March 2025 | 1,573,885 | 527,513 | 2,101,398

Included above are assets held under finance leases and hire purchase contracts with a net book value as follows:
6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 1,523,970 |  | 1,769,821

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MSM/DRH Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 551,931 |  | 654,183
Other debtors | 61,330 |  | 40,276
| 613,261 |  | 694,459

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 478,142 |  | 408,850
Bank loans and overdrafts | 362 |  | -
Amounts owed to group undertakings | 230,000 |  | 342,000
Other creditors | 83,371 |  | 98,148
Taxation and social security | 141,643 |  | 165,011
| 933,518 |  | 1,014,009

9. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 40,000 |  | 40,000

10. Contingent Liabilities

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
At the end of the period | 1,004,007 |  | 948,812

The company has options to acquire fork lift truck for the agreed residual values, but not obligations, to exercise at the end of a lease term provided by a third party.
11. Capital Commitments

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
At the end of the period | 102,085 |  | 341,172

At the end of the period, the company had capital commitments contracted for but not provided in these financial statements. The company has agreed to repurchase fork lift trucks, at the end of the lease term, which have been sold subject to certain terms and conditions.
12. Pension Commitments
The company operates a defined contribution pension scheme for its' employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £4,583 (PY £4,153) were due to the fund. They are included in Other Creditors.
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Page 7
MSM/DRH Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
13. Related Party Transactions
The company purchased the following goods and services from group companies:
Rent £114,000 (PY £105,000)
Management fees £84,000 (PY £84,000)
At the Balance Sheet date the company owed £230,000 (PY £342,000) to it's parent company.
14. Ultimate Controlling Party
The company's ultimate controlling party is MSM Forklift Services Limited by virtue of it's ownership of 100% of the issued share capital in the company.
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