Company Registration No. 07512680 (England and Wales)
MSFT LIMITED
Unaudited accounts
for the year ended 31 March 2023
MSFT LIMITED
Unaudited accounts
Contents
MSFT LIMITED
Company Information
for the year ended 31 March 2023
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
MSFT LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
14,310
16,694
Creditors: amounts falling due within one year
(13,047)
(10,185)
Net current assets
10,071
17,369
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
MSFT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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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
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
At 31 March 2023
-
574
574
At 31 March 2022
-
940
940
MSFT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(599)
2,442
Loans from directors
9,420
7,743
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The company's ultimate controlling party is Helen Varvarides by virtue of her ownership of 100% of the issued share capital in the company.
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Average number of employees
During the year the average number of employees was 1 (2022: 1).