Registered number
11698865
MLS Consultancy (NW) Ltd
Filleted Accounts
31 December 2021
MLS Consultancy (NW) Ltd
Registered number: 11698865
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 3,186 2,538
Current assets
Debtors 4 41,840 5,400
Cash at bank and in hand 195,431 95,504
237,271 100,904
Creditors: amounts falling due within one year 5 (66,542) (25,635)
Net current assets 170,729 75,269
Net assets 173,915 77,807
Capital and reserves
Called up share capital 1 1
Profit and loss account 173,914 77,806
Shareholder's funds 173,915 77,807
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L Hughes
Director
Approved by the board on 20 April 2022
MLS Consultancy (NW) Ltd
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. which is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current periods. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 January 2021 2,861
Additions 1,252
At 31 December 2021 4,113
Depreciation
At 1 January 2021 323
Charge for the year 604
At 31 December 2021 927
Net book value
At 31 December 2021 3,186
At 31 December 2020 2,538
4 Debtors 2021 2020
£ £
Trade debtors 41,840 5,400
5 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 66,496 25,594
Other creditors 46 41
66,542 25,635
6 Other information
MLS Consultancy (NW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5a Church Road South
Woolton Village
Liverpool
L25 7RJ
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