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Company Registration No. 07512680 (England and Wales)
MSFT LIMITED Unaudited accounts for the year ended 31 March 2023
MSFT LIMITED Unaudited accounts Contents
Page
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MSFT LIMITED Company Information for the year ended 31 March 2023
Director
Helen Varvarides
Company Number
07512680 (England and Wales)
Registered Office
The Pink House 1 Gilbert Street Enfield EN3 6PD
Accountants
Cone Accounting Limited 85 Great Portland Street First Floor London W1W 7LT
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MSFT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
574 
940 
Current assets
Debtors
8,808 
10,860 
Cash at bank and in hand
14,310 
16,694 
23,118 
27,554 
Creditors: amounts falling due within one year
(13,047)
(10,185)
Net current assets
10,071 
17,369 
Net assets
10,645 
18,309 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,545 
18,209 
Shareholders' funds
10,645 
18,309 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 August 2023 and were signed on its behalf by
Helen Varvarides Director Company Registration No. 07512680
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MSFT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
MSFT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07512680. The registered office is The Pink House, 1 Gilbert Street, Enfield, EN3 6PD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% Straight Line
Computer equipment
33.33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
2,132 
3,924 
6,056 
At 31 March 2023
2,132 
3,924 
6,056 
Depreciation
At 1 April 2022
2,132 
2,984 
5,116 
Charge for the year
- 
366 
366 
At 31 March 2023
2,132 
3,350 
5,482 
Net book value
At 31 March 2023
- 
574 
574 
At 31 March 2022
- 
940 
940 
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MSFT LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,398 
9,450 
Other debtors
1,410 
1,410 
8,808 
10,860 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,300 
- 
Taxes and social security
(599)
2,442 
Other creditors
926 
- 
Loans from directors
9,420 
7,743 
13,047 
10,185 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The company's ultimate controlling party is Helen Varvarides by virtue of her ownership of 100% of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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