MST Architectural Services Limited - Period Ending 2021-03-31

MST Architectural Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

MST Architectural Services Limited

Company Information

Directors

Mr M Tadman Mrs L Tadman

Company secretary

Mrs L Tadman

Registered office

44 Cumberland Road Woodside Green London SE25 4RE

Accountants

Flemmings Chartered Accountants 76 Canterbury Road Croydon Surrey CR0 3HA

MST Architectural Services Limited

(Registration number: 05264994)
Balance Sheet as at 31 March 2021

	Note	2021 £		2020 £
Current assets
Debtors	5		18,755		4,321
Cash at bank and in hand			6,611		6,378
			25,366		10,699
Creditors: Amounts falling due within one year	6		(14,671)		(10,286)
Total assets less current liabilities			10,695		413
Creditors: Amounts falling due after more than one year	6		(10,000)		-
Net assets			695		413
Capital and reserves
Called up share capital		100		100
Profit and loss account		595		313
Total equity			695		413

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 December 2021 and signed on its behalf by:
 

.........................................

Mr M Tadman

Director

MST Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
44 Cumberland Road
Woodside Green
London
SE25 4RE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are
recognised in “Other operating income” within profit or loss in the same period as the related expenditure. The
deferred element of grants, if any, is included in creditors as deferred income.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

MST Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture & Fittings	25% Straight Line

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2020	2,791	2,791
Disposals	(1,702)	(1,702)
At 31 March 2021	1,089	1,089
Depreciation
At 1 April 2020	2,791	2,791
Eliminated on disposal	(1,702)	(1,702)
At 31 March 2021	1,089	1,089
Carrying amount
At 31 March 2021	-	-

MST Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

5

Debtors

	2021 £	2020 £
Trade debtors	2,850	-
Directors' current accounts	11,120	3,261
Other debtors	3,614	1,060
Prepayments and accrued income	1,171	-
	18,755	4,321

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Corporation tax		14,671	10,217
Other taxes and social security		-	69
		14,671	10,286

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	7	10,000	-

7	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Bank borrowings	10,000	-

8

Dividends

		2021		2020
		£		£
Interim dividend of £190 (2020 - £385) per ordinary share		19,000		38,500

MST Architectural Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

9	Related party transactions

Dividends paid to directors

		2021 £		2020 £
Mr M Tadman
Total dividend paid during the year		14,250		28,875
Mrs L Tadman
Total dividend paid during the year		4,750		9,625

Other transactions with directors

Mr M Tadman
(Director and Shareholder)

At balance sheet date the amount due from/(to) Mr M Tadman was 8,340 (2020 - £2,446).

No other transactions with related party was undertaken such as are required to be disclosed under Financial Reporting Standard 102 (FRS 102) section 1A.


Mrs L Tadman
(Director and Shareholder)

At balance sheet date the amount due from/(to) Mrs L Tadman was £2,780 (2020 - £815).

No other transactions with related party was undertaken such as are required to be disclosed under Financial Reporting Standard 102 (FRS 102) section 1A.