MSJS (North West) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07210676 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

MSJS (North West) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr M Saunders

Mrs J A Saunders

REGISTERED OFFICE:

6 Hawthorne Grove

Poynton

Stockport

Cheshire

SK12 1TR

REGISTERED NUMBER:

07210676 (England and Wales)

ACCOUNTANTS:

J Davenport & Co. Ltd

Chartered Accountants

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

FIXED ASSETS

Tangible assets

4

1,922

1,986

Investments

5

28,277

41,439

30,199

43,425

CURRENT ASSETS

Debtors

6

18,207

9,041

Cash at bank

169,290

139,576

187,497

148,617

CREDITORS

Amounts falling due within one year

7

16,855

18,485

NET CURRENT ASSETS

170,642

130,132

TOTAL ASSETS LESS CURRENT LIABILITIES

200,841

173,557

PROVISIONS FOR LIABILITIES

401

412

NET ASSETS

200,440

173,145

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

200,340

173,045

SHAREHOLDERS' FUNDS

200,440

173,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 14 December 2021 and were signed on its behalf by:

Dr M Saunders - Director

1.	STATUTORY INFORMATION

MSJS (North West) Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Revenue is recognised on the provision of services to clients.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment

The value of the fixed asset investment, a share in a Limited Liability Partnership (LLP), is stated as the capital contribution plus the company's share of the profit per the Financial Statements of the LLP less any distributions in the period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2020

7,123

Additions

576

At 31 March 2021

7,699

DEPRECIATION

At 1 April 2020

5,137

Charge for year

640

At 31 March 2021

5,777

NET BOOK VALUE

At 31 March 2021

1,922

At 31 March 2020

1,986

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2020

41,439

Share of profit/(loss)

13,769

Dividends received

(26,931

)

At 31 March 2021

28,277

NET BOOK VALUE

At 31 March 2021

28,277

At 31 March 2020

41,439

The fixed asset investment is the company's stake in LOC@The Christie LLP. The value of the fixed asset investment is stated as the capital contribution plus the company's share of the profit per the Financial Statements of the LLP for the year ended 31 December 2020 less any distributions in the period.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade debtors

17,296

8,089

Prepayments

911

952

18,207

9,041

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Trade creditors

1

-

Tax

11,065

12,279

Directors' current accounts

3,975

2,952

Accrued expenses

1,814

3,254

16,855

18,485

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2020 - £21,000) were paid to the directors .