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Registration number: 06020789

MCS Languages Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2021

 

MCS Languages Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

MCS Languages Limited

Company Information

Director

Ms S Amezzane

Company secretary

N Amezzane

Registered office

39A Victoria Road North
Southsea
Hampshire
PO5 1PW

Accountants

Howard Smith & Co Limited
Chartered Accountants
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

 

MCS Languages Limited

(Registration number: 06020789)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

170

213

Current assets

 

Debtors

5

29,425

13,091

Cash at bank and in hand

 

61,749

80,743

 

91,174

93,834

Creditors: Amounts falling due within one year

6

(1,475)

(1,475)

Net current assets

 

89,699

92,359

Net assets

 

89,869

92,572

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

89,868

92,571

Shareholders' funds

 

89,869

92,572

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 September 2022
 

.........................................
Ms S Amezzane
Director

 

MCS Languages Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39A Victoria Road North
Southsea
Hampshire
PO5 1PW

These financial statements were authorised for issue by the director on 13 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on reducing balance

Computer equipment

25% on cost

 

MCS Languages Limited

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

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2021

1,526

2,050

3,576

At 31 December 2021

1,526

2,050

3,576

Depreciation

At 1 January 2021

1,313

2,050

3,363

Charge for the year

43

-

43

At 31 December 2021

1,356

2,050

3,406

Carrying amount

At 31 December 2021

170

-

170

At 31 December 2020

213

-

213

5

Debtors

Current

2021
£

2020
£

Other debtors

29,425

13,091

6

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Taxation and social security

995

995

Accruals and deferred income

480

480

1,475

1,475

 

MCS Languages Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Related party transactions

Transactions with the director

2021

At 1 January 2021
£

Advances to director
£

Repayments by director
£

At 31 December 2021
£

Ms S Amezzane

13,091

29,425

(13,091)

29,425

         
       

 

2020

At 1 January 2020
£

Advances to director
£

Repayments by director
£

At 31 December 2020
£

Ms S Amezzane

50,946

13,092

(50,947)

13,091

         
       

 

Dividends paid to the director

   

2021
£

 

2020
£

Ms S Amezzane

       

 

2,000

 

-