Msg Life Limited in Banbury, OX16 0TB

Description

Data updated on: 01-11-2023

Msg Life Limited, a Private Limited Company, with headquarters in 12 North Bar in Banbury. The company's postal code is OX16 0TB. The enterprise was set up on 3rd October 2015. The company's reg. no. is 09808417. The company's name is Msg Life Limited. The firm's former associates may remember this company as Bansols Ninety, which was used until 30th November 2015. The firm's classified under the NACE and SIC code 93130 which stands for Fitness facilities. 2022-12-31 is the last time when account status updates were filed.

Given this particular enterprise's number of employees, it was vital to appoint new company leaders: Satnam G. and Moonpal G. who have been supporting each other since April 2016 to promote the success of this specific firm. At least one secretary in this firm is a limited company, specifically Answerbuy Limited.

Executives who control the firm include: Moonpal G. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Satnam G. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Previous company's names
Msg Life Limited 2015-11-30
Bansols Ninety Limited 2015-10-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2020-12-31	2021-12-31
Currency

Balance Sheet
Cash Bank On Hand	575 910	53 308
Current Assets	1 139 296	993 256
Debtors	525 145	915 625
Net Assets Liabilities	-7 406 787	-9 255 021
Other Debtors	27 531	26 052
Property Plant Equipment	6 873 808	4 807 710
Total Inventories	38 241	24 323

Other Financial Data
Audit Fees Expenses	15 000	15 000
Accrued Liabilities Deferred Income	118 255	396 849
Accumulated Amortisation Impairment Intangible Assets	319 981	1 155 325
Accumulated Depreciation Impairment Property Plant Equipment	5 931 802	8 033 216
Additions Other Than Through Business Combinations Property Plant Equipment		35 316
Administrative Expenses	5 801 395	6 123 197
Amortisation Expense Intangible Assets	148 989	119 244
Applicable Tax Rate	19	19
Average Number Employees During Period	76	61
Cash Cash Equivalents Cash Flow Value	575 910	53 308
Comprehensive Income Expense	-1 988 078	-1 848 234
Cost Sales	2 210 844	2 243 460
Creditors	16 306 584	15 165 162
Depreciation Expense Property Plant Equipment	2 054 913	2 101 414
Finance Lease Liabilities Present Value Total	92 460	57 826
Finance Lease Payments Owing Minimum Gross	150 286	57 826
Fixed Assets	7 818 327	4 916 885
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-54 463	14 631
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-168 784	-96 723
Gain Loss In Cash Flows From Change In Inventories	10 921	13 918
Gain Loss On Disposals Intangible Assets	-5 075
Gain Loss On Disposals Property Plant Equipment	-258 815
Government Grant Income	742 761	999 358
Gross Profit Loss	2 985 971	3 278 754
Impairment Loss Reversal Intangible Assets		716 100
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	513 167	-522 602
Increase Decrease In Net Debt From Cash Flows		430 142
Increase From Amortisation Charge For Year Intangible Assets		119 244
Increase From Depreciation Charge For Year Property Plant Equipment		2 101 414
Increase From Impairment Loss Recognised In Profit Or Loss Intangible Assets		716 100
Intangible Assets	944 519	109 175
Intangible Assets Gross Cost		1 264 500
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	5 919	3 149
Interest Paid Classified As Financing Activities	5 919	3 149
Interest Payable Similar Charges Finance Costs	5 919	3 149
Net Cash Flows From Used In Financing Activities	272 977	-1 510 785
Net Cash Flows From Used In Investing Activities	-33 117	-35 316
Net Cash Flows From Used In Operating Activities	273 307	1 023 499
Net Cash Generated From Operations	273 307	1 023 499
Net Current Assets Liabilities	-15 167 288	-14 171 906
Net Debt Funds	-425 624	4 518
Number Shares Issued Fully Paid	3 334	3 334
Operating Profit Loss	-1 982 159	-1 845 085
Other Creditors	388 992	268 274
Other Operating Income Format1	833 265	999 358
Other Remaining Operating Income	90 504
Other Taxation Social Security Payable	416 319	272 043
Par Value Share		0
Payments Finance Lease Liabilities Classified As Financing Activities	89 691	92 460
Pension Costs Defined Contribution Plan	27 755	31 819
Pension Other Post-employment Benefit Costs Other Pension Costs	27 755	31 819
Prepayments Accrued Income	424 283	531 106
Proceeds From Repayment Loans Advances To Associates Joint Ventures Participating Interests Classified As Financing Activities	368 587	-1 415 176
Proceeds From Sales Property Plant Equipment	6 230
Profit Loss	-1 988 078	-1 848 234
Profit Loss On Ordinary Activities Before Tax	-1 988 078	-1 848 234
Property Plant Equipment Gross Cost	12 805 610	12 840 926
Purchase Property Plant Equipment	39 347	35 316
Raw Materials	38 241	24 323
Revenue From Construction Contracts	173 920	31 521
Revenue From Rendering Services	40 579	70 486
Revenue From Sale Goods	4 982 316	5 420 207
Social Security Costs	124 594	156 341
Staff Costs Employee Benefits Expense	1 783 583	1 771 164
Tax Decrease From Utilisation Tax Losses		89 287
Tax Expense Credit Applicable Tax Rate	-394 004	-351 164
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	125 224	242 600
Total Assets Less Current Liabilities	-7 348 961	-9 255 021
Trade Creditors Trade Payables	145 765	146 796
Trade Debtors Trade Receivables	15 404	6 783
Turnover Revenue	5 196 815	5 522 214
Wages Salaries	1 631 234	1 583 004

Company staff

Satnam G.

Role: Director

Appointed: 05 April 2016

Latest update: 7 March 2024

Moonpal G.

Role: Director

Appointed: 05 January 2016

Latest update: 7 March 2024

Answerbuy Limited

Role: Corporate Secretary

Appointed: 03 October 2015

Address: North Bar, Banbury, Oxon, OX16 0TB, England

Latest update: 7 March 2024

People with significant control

Moonpal G.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Satnam G.

Notified on 9 June 2017

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	30 September 2024
Account last made up date	31 December 2022
Confirmation statement next due date	16 October 2024
Confirmation statement last made up date	02 October 2023

Annual Accounts
Start Date For Period Covered By Report	2021-01-01
End Date For Period Covered By Report	31 December 2021

Msg Life Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Satnam G.

Moonpal G.

Answerbuy Limited

Rebecca P.

People with significant control

Moonpal G.

Satnam G.

Accounts Documents

Company filings

Filing category

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