0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,490 1,268 1,687 2,071 1,935 577 1,687 825 1,246 555 xbrli:pure xbrli:shares iso4217:GBP 07301527 2022-04-01 2023-03-31 07301527 2023-03-31 07301527 2022-03-31 07301527 2022-03-31 07301527 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07301527 bus:Director1 2022-04-01 2023-03-31 07301527 core:WithinOneYear 2023-03-31 07301527 core:WithinOneYear 2022-03-31 07301527 core:ShareCapital 2023-03-31 07301527 core:ShareCapital 2022-03-31 07301527 core:RetainedEarningsAccumulatedLosses 2023-03-31 07301527 core:RetainedEarningsAccumulatedLosses 2022-03-31 07301527 bus:SmallEntities 2022-04-01 2023-03-31 07301527 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07301527 bus:FullAccounts 2022-04-01 2023-03-31 07301527 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07301527 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07301527 bus:OrdinaryShareClass1 2023-03-31 07301527 bus:OrdinaryShareClass1 2022-03-31 07301527 core:OfficeEquipment 2022-04-01 2023-03-31 07301527 core:OfficeEquipment 2022-03-31 07301527 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 07301527
MACQUEEN CONSULTANCY LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
MACQUEEN CONSULTANCY LTD
FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
MACQUEEN CONSULTANCY LTD
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,246
555
CURRENT ASSETS
Cash at bank and in hand
21,298
10,159
CREDITORS: amounts falling due within one year
6
7,778
1,365
---------
---------
NET CURRENT ASSETS
13,520
8,794
---------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,766
9,349
---------
-------
NET ASSETS
14,766
9,349
---------
-------
CAPITAL AND RESERVES
Called up share capital
7
1
1
Profit and loss account
14,765
9,348
---------
-------
SHAREHOLDERS FUNDS
14,766
9,349
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MACQUEEN CONSULTANCY LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 11 September 2023 , and are signed on behalf of the board by:
Ms K. MacQueen
Director
Company registration number: 07301527
MACQUEEN CONSULTANCY LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year, being the director, amounted to 1 (2022:1).
5. TANGIBLE ASSETS
Office equipment
£
Cost
At 1st April 2022
2,490
Additions
1,268
Disposals
( 1,687)
-------
At 31st March 2023
2,071
-------
Depreciation
At 1st April 2022
1,935
Charge for the year
577
Disposals
( 1,687)
-------
At 31st March 2023
825
-------
Carrying amount
At 31st March 2023
1,246
-------
At 31st March 2022
555
-------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
955
925
Corporation tax
2,075
341
Director loan accounts
4,748
99
-------
-------
7,778
1,365
-------
-------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.