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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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MSL MACHINE SALES & LEASING LTD |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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for |
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MSL MACHINE SALES & LEASING LTD |
MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MSL MACHINE SALES & LEASING LTD |
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Company Information |
for the Year Ended 31 December 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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37-38 Long Acre |
London |
WC2E 9JT |
MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Balance Sheet |
31 December 2018 |
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31.12.18 | 31.12.17 |
Notes | € | € | € | € |
FIXED ASSETS |
Intangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her 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. |
MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Balance Sheet - continued |
31 December 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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MSL MACHINE SALES & LEASING LTD is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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3. | INTANGIBLE FIXED ASSETS |
Computer |
software |
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COST |
Additions |
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At 31 December 2018 |
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AMORTISATION |
Amortisation for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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4. | FIXED ASSET INVESTMENTS |
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31.12.18 | 31.12.17 |
€ | € |
Other investments not loans |
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Other loans |
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Additional information is as follows: |
Unlisted |
investments |
€ |
COST |
At 1 January 2018 |
and 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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Other |
loans |
€ |
At 1 January 2018 |
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New in year |
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At 31 December 2018 |
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5. | STOCKS |
31.12.18 | 31.12.17 |
€ | € |
Finished goods |
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MSL MACHINE SALES & LEASING LTD (Registered number: 07331452) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
€ | € |
Trade debtors |
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Other debtors |
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VAT |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
€ | € |
Trade creditors |
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Tax |
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Other creditors |
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Accruals and deferred income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.18 | 31.12.17 |
€ | € |
Other creditors |
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9. | PROVISIONS FOR LIABILITIES |
31.12.18 | 31.12.17 |
€ | € |
Other provisions |
Accountancy Provision | 1,121 | 2,868 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
value: | € | € |
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Ordinary £1 Shares | 1 | 2 | 2 |
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11. | RESERVES |
Retained |
earnings |
€ |
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At 1 January 2018 |
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Deficit for the year | ( |
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At 31 December 2018 | ( |
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