Company Registration No. 9067621 (England and Wales)
MLA WEALTH MANAGEMENT LTD.
Unaudited accounts
for the year ended 30 June 2023
MLA WEALTH MANAGEMENT LTD.
Unaudited accounts
Contents
MLA WEALTH MANAGEMENT LTD.
Company Information
for the year ended 30 June 2023
Company Number
9067621 (England and Wales)
Registered Office
4 Marlpit Lane
Coulsdon
Surrey
CR5 2HA
MLA WEALTH MANAGEMENT LTD.
Statement of financial position
as at 30 June 2023
Tangible assets
1,201
1,601
Cash at bank and in hand
40,603
44,816
Creditors: amounts falling due within one year
(21,549)
(18,612)
Net current assets
19,054
26,204
Called up share capital
10
10
Profit and loss account
20,245
27,795
Shareholders' funds
20,255
27,805
For the year ending 30 June 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 his 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 11 October 2023 and were signed on its behalf by
Mr M Deasy
Director
Company Registration No. 9067621
MLA WEALTH MANAGEMENT LTD.
Notes to the Accounts
for the year ended 30 June 2023
MLA WEALTH MANAGEMENT LTD. is a private company, limited by shares, registered in England and Wales, registration number 9067621. The registered office is 4 Marlpit Lane , Coulsdon , Surrey, CR5 2HA.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
MLA WEALTH MANAGEMENT LTD.
Notes to the Accounts
for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,238
1,235
Taxes and social security
9,130
11,099
Loans from directors
11,181
6,278
6
Transactions with related parties
Mr Deasy, shareholder and director, has made a subordinated loan to the company of £20,000. This is included in the accounts under 'other creditors'.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).