MST Europe Limited - Accounts to registrar (filleted) - small 18.2

MST Europe Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02702697 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

MST Europe Limited

MST Europe Limited (Registered number: 02702697)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MST Europe Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr K Sano
Mr T Murakami
Mr T Nakashima





SECRETARY: Mr S Lau





REGISTERED OFFICE: 3rd Floor
14 Austin Friars
London
EC2N 2HE





REGISTERED NUMBER: 02702697 (England and Wales)





AUDITOR: Paul Hartley FCA
Statutory Auditor
PO Box 27075
London
N2 0FZ

MST Europe Limited (Registered number: 02702697)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 553

CURRENT ASSETS
Debtors 5 599,212 133,989
Cash at bank 542,234 999,919
1,141,446 1,133,908
CREDITORS
Amounts falling due within one year 6 548,185 534,126
NET CURRENT ASSETS 593,261 599,782
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,261

600,335

CAPITAL AND RESERVES
Called up share capital 7 200,000 200,000
Retained earnings 393,261 400,335
SHAREHOLDERS' FUNDS 593,261 600,335

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 Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:





Mr K Sano - Director


MST Europe Limited (Registered number: 02702697)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

MST Europe 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.

Turnover
Turnover represents brokerages and fees that are taken to credit on the basis of the policy inception date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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.

MST Europe Limited (Registered number: 02702697)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 2,166 1,764 3,930
DEPRECIATION
At 1 April 2021 1,613 1,764 3,377
Charge for year 553 - 553
At 31 March 2022 2,166 1,764 3,930
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 553 - 553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 525,827 60,938
Amounts owed by group undertakings 65,587 65,054
Other debtors 4,015 4,015
Prepayments 3,783 3,982
599,212 133,989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 489,659 471,315
Amounts owed to group undertakings 39,406 28,028
Tax 21 1,887
Social security and other taxes 4,540 4,425
Other creditors 10,408 23,632
Accrued expenses 4,151 4,839
548,185 534,126

MST Europe Limited (Registered number: 02702697)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
200,000 Ordinary £1 200,000 200,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Paul Hartley FCA

9. ULTIMATE CONTROLLING PARTY

The controlling party is MST Insurance Service Company Limited.

The ultimate controlling party is MST Insurance Service Company Limited.