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REGISTERED NUMBER: 07986669 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

M Downs & Associates Limited

M Downs & Associates Limited (Registered number: 07986669)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M Downs & Associates Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Miss M Downs





REGISTERED OFFICE: Barracks House
Hillsborough Barracks
Langsett Road
Sheffield
South Yorkshire
S6 2LR





REGISTERED NUMBER: 07986669 (England and Wales)





ACCOUNTANTS: Rains and Co Ltd
P O Box 5047
Sheffield
South Yorkshire
S6 9GJ

M Downs & Associates Limited (Registered number: 07986669)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,143 1,231

CURRENT ASSETS
Debtors 5 70,702 44,725
Cash at bank and in hand 961 32,509
71,663 77,234
CREDITORS
Amounts falling due within one year 6 14,342 29,944
NET CURRENT ASSETS 57,321 47,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,464

48,521

CREDITORS
Amounts falling due after more than
one year

7

26,000

30,000
NET ASSETS 32,464 18,521

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 32,463 18,520
SHAREHOLDERS' FUNDS 32,464 18,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

M Downs & Associates Limited (Registered number: 07986669)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 25 August 2022 and were signed by:





Miss M Downs - Director


M Downs & Associates Limited (Registered number: 07986669)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

M Downs & Associates Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

M Downs & Associates Limited (Registered number: 07986669)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
and
Fixtures Photographic
and Equ
fittings ipment Totals
£    £    £   
COST
At 1 April 2021 2,161 3,610 5,771
Additions - 462 462
At 31 March 2022 2,161 4,072 6,233
DEPRECIATION
At 1 April 2021 1,513 3,027 4,540
Charge for year 97 453 550
At 31 March 2022 1,610 3,480 5,090
NET BOOK VALUE
At 31 March 2022 551 592 1,143
At 31 March 2021 648 583 1,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 70,702 42,327
Prepayments - 2,398
70,702 44,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Tax 9,146 23,990
Social security and other taxes (6,005 ) (6,130 )
VAT 8,915 11,199
Directors' current accounts 1,289 35
Accrued expenses 997 850
14,342 29,944

M Downs & Associates Limited (Registered number: 07986669)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans - 2-5 years 26,000 30,000

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 Ordinary Shares of £1 each £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2021 18,520
Profit for the year 38,943
Dividends (25,000 )
At 31 March 2022 32,463