MSI Ceilings Ltd - Filleted accounts

Registered number

12432952

MSI Ceilings Ltd

Filleted Accounts

31 January 2026

MSI Ceilings Ltd
Registered number:		12432952
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		5,931			6,864

Current assets
Debtors	4	27,528			19,066
Cash at bank and in hand		24,819			34,331
		52,347			53,397

Creditors: amounts falling due within one year	5	(31,045)			(26,695)

Net current assets			21,302			26,702

Net assets			27,233			33,566

Capital and reserves
Called up share capital			1			1
Profit and loss account			27,232			33,565

Shareholder's funds			27,233			33,566

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 Scott
Director
Approved by the board on 22 October 2026

MSI Ceilings Ltd
Notes to the Accounts
for the year ended 31 January 2026


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:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	2,256		15,000		17,256
	Additions	1,188		-		1,188
	Disposals	(616)		-		(616)
	At 31 January 2026	2,828		15,000		17,828

	Depreciation
	At 1 February 2025	1,720		8,672		10,392
	Charge for the year	394		1,582		1,976
	On disposals	(471)		-		(471)
	At 31 January 2026	1,643		10,254		11,897

	Net book value
	At 31 January 2026	1,185		4,746		5,931
	At 31 January 2025	536		6,328		6,864


4	Debtors			2026		2025
£					£

	Other debtors			27,528		19,066


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			1,150		1,100
	Taxation and social security costs			7,698		4,993
	Other creditors			22,197		20,602
				31,045		26,695


6	Controlling party

	The controlling party is Mr M Scott (director) by virtue of his ownership of 100% of the issued share capital.


7	Other information

	MSI Ceilings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Flat 41
	Riverbank Tower
	Bridgewater Street
	Salford
	M3 7JY