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Company Registration No. 11224533 (England and Wales)
MST & JAMES LTD Unaudited accounts for the year ended 31 January 2026
MST & JAMES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
MST & JAMES LTD Company Information for the year ended 31 January 2026
Directors
Mandeep Singh Thethi Daniel Luke James
Company Number
11224533 (England and Wales)
Registered Office
19 WOOD STREET PARK VILLAGE WOLVERHAMPTON WV10 9DS ENGLAND
Accountants
William Klien Accountants 20-22 Wenlock Road London N1 7GU
- 3 -
MST & JAMES LTD Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
57,312 
63,680 
Current assets
Inventories
41,986 
43,020 
Debtors
5
100 
100 
Cash at bank and in hand
3,239 
3,589 
45,325 
46,709 
Creditors: amounts falling due within one year
6
(55,155)
(62,635)
Net current liabilities
(9,830)
(15,926)
Total assets less current liabilities
47,482 
47,754 
Creditors: amounts falling due after more than one year
7
(23,327)
(27,298)
Net assets
24,155 
20,456 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,055 
20,356 
Shareholders' funds
24,155 
20,456 
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2026 and were signed on its behalf by
Mandeep Singh Thethi Director Company Registration No. 11224533
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MST & JAMES LTD Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
MST & JAMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11224533. The registered office is 19 WOOD STREET PARK VILLAGE, WOLVERHAMPTON, WV10 9DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2025
46,242 
3,000 
14,355 
9,903 
73,500 
At 31 January 2026
46,242 
3,000 
14,355 
9,903 
73,500 
Depreciation
At 1 February 2025
5,320 
3,000 
- 
1,500 
9,820 
Charge for the year
4,092 
- 
1,436 
840 
6,368 
At 31 January 2026
9,412 
3,000 
1,436 
2,340 
16,188 
Net book value
At 31 January 2026
36,830 
- 
12,919 
7,563 
57,312 
At 31 January 2025
40,922 
- 
14,355 
8,403 
63,680 
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due after more than one year
Other debtors
100 
100 
- 5 -
MST & JAMES LTD Notes to the Accounts for the year ended 31 January 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
VAT
- 
1,295 
Trade creditors
7,431 
9,745 
Taxes and social security
500 
1,222 
Loans from directors
47,224 
50,373 
55,155 
62,635 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
23,327 
27,298 
8
Average number of employees
During the year the average number of employees was 4 (2025: 2).
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