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REGISTERED NUMBER: 07466047 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

M I S Consulting Limited

M I S Consulting Limited (Registered number: 07466047)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M I S Consulting Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: M I Summerfield





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 07466047 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

M I S Consulting Limited (Registered number: 07466047)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,949 1,224

CURRENT ASSETS
Debtors 5 21,464 22,732
Cash at bank 13,765 29,553
35,229 52,285
CREDITORS
Amounts falling due within one year 6 18,695 22,653
NET CURRENT ASSETS 16,534 29,632
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,483

30,856

CREDITORS
Amounts falling due after more than one
year

7

(16,547

)

(27,000

)

PROVISIONS FOR LIABILITIES 8 (487 ) (233 )
NET ASSETS 1,449 3,623

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 1,445 3,619
SHAREHOLDERS' FUNDS 1,449 3,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 I S Consulting Limited (Registered number: 07466047)

Balance Sheet - continued
31 December 2021


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 2 September 2022 and were signed by:





M I Summerfield - Director


M I S Consulting Limited (Registered number: 07466047)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

M I S Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 represents net invoiced value of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

M I S Consulting Limited (Registered number: 07466047)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2021 5,386 - 5,386
Additions - 1,031 1,031
At 31 December 2021 5,386 1,031 6,417
DEPRECIATION
At 1 January 2021 4,162 - 4,162
Charge for year 306 - 306
At 31 December 2021 4,468 - 4,468
NET BOOK VALUE
At 31 December 2021 918 1,031 1,949
At 31 December 2020 1,224 - 1,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 21,464 22,732

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 5,089 3,000
Trade creditors 2,312 1,235
Taxation and social security 7,194 17,088
Other creditors 4,100 1,330
18,695 22,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 16,547 27,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,000

8. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax
Accelerated capital allowances 487 233

M I S Consulting Limited (Registered number: 07466047)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2021 233
Provided during year 254
Balance at 31 December 2021 487

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
2 Ordinary 'A' £1 2 2
1 Ordinary 'B' £1 1 1
1 Ordinary 'C' £1 1 1
4 4

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21 31.12.20
£    £   
M I Summerfield
Balance outstanding at start of year 9,293 7,265
Amounts advanced 26,762 9,528
Amounts repaid (28,087 ) (7,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,968 9,293

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M I Summerfield.