Mss Workshop Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05515422 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

MSS WORKSHOP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Mr A Senior

Mr R Senior

SECRETARY:

Mr R Senior

REGISTERED OFFICE:

City Mills

Peel Street

Morley

Leeds

Yorkshire

LS27 8QL

REGISTERED NUMBER:

05515422 (England and Wales)

ACCOUNTANTS:

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

17,824

17,552

17,824

17,552

CURRENT ASSETS

Stocks

2,000

Debtors

191,679

135,948

Cash at bank and in hand

9,219

1,769

202,898

139,717

CREDITORS

Amounts falling due within one year

79,483

84,169

NET CURRENT ASSETS

123,415

55,548

TOTAL ASSETS LESS CURRENT
LIABILITIES

141,239

73,100

PROVISIONS FOR LIABILITIES

2,848

2,476

NET ASSETS

138,391

70,624

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

138,291

70,524

SHAREHOLDERS' FUNDS

138,391

70,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 October 2016 and were signed on its behalf by:

Mr R Senior - Director

Mr A Senior - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

25,000

AMORTISATION

At 1 April 2015

and 31 March 2016

25,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

57,170

Additions

4,800

Disposals

(3,478

)

At 31 March 2016

58,492

DEPRECIATION

At 1 April 2015

39,618

Charge for year

3,273

Eliminated on disposal

(2,223

)

At 31 March 2016

40,668

NET BOOK VALUE

At 31 March 2016

17,824

At 31 March 2015

17,552

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,600 (2015 - £14,849) were paid to the directors .

During the year MSS Workshop limited paid rents of £20,000 (2015 - £16,800) plus Value Added Tax to MSS Developments Limited .The Company invoiced £160,000 (2015 - £165,000) for the construction of apartments
at City Mills, Morley,Leeds to MSS Developments Limited.

At 31 March 2016 MSS Developments Limited owed MSS Workshop Limited £81,450 (2015 - £6,550)

At 31 March 2016 MSS Workshop Limited was owed by MSS Developments Limited loan £206 (2015 - MSS

Workshop Limited owed £759)

Mr A Senior and Mr R Senior are shareholders of both companies.

At 31 March 2016 Penistone Developments Limited loan owed MSS Workshop Limited £0 (2015 - £1,888)

Both directors own 50% of the issued shares in Penistone Developments Limited.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Mss Workshop Limited for the year ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mss Workshop Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mss Workshop Limited and state those matters that we have agreed to state to the Board of Directors of Mss Workshop Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mss Workshop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mss Workshop Limited. You consider that Mss Workshop Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mss Workshop Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

G L Barker & Co LLP

Chartered Certified Accountants

49 Austhorpe Road

Cross Gates

Leeds

LS15 8BA

21 October 2016