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REGISTERED NUMBER: 07585117 (England and Wales)















M A F O CONSULTING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M A F O CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr. A J Fox
Miss M Giotsalitis





SECRETARY: Miss M Giotsalitis





REGISTERED OFFICE: 2 Meadvale Road
Ealing
London
W5 1NP





REGISTERED NUMBER: 07585117 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,644 61,921
48,644 61,921

CURRENT ASSETS
Debtors 6 131,271 105,335
Cash at bank 99,990 76,311
231,261 181,646
CREDITORS
Amounts falling due within one year 7 133,183 42,167
NET CURRENT ASSETS 98,078 139,479
TOTAL ASSETS LESS CURRENT LIABILITIES 146,722 201,400

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 146,622 201,300
SHAREHOLDERS' FUNDS 146,722 201,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th October 2023 and were signed on its behalf by:





Mr. A J Fox - Director


M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

M A F O Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line on cost
Motor vehicles - 20% straight line on cost
Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 20,000
AMORTISATION
At 1st April 2022
and 31st March 2023 20,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 22,040 52,901 6,624 81,565
DEPRECIATION
At 1st April 2022 4,408 10,580 4,656 19,644
Charge for year 2,204 10,581 492 13,277
At 31st March 2023 6,612 21,161 5,148 32,921
NET BOOK VALUE
At 31st March 2023 15,428 31,740 1,476 48,644
At 31st March 2022 17,632 42,321 1,968 61,921

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 131,271 105,335

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,486 -
Taxation and social security 3,365 -
Other creditors 118,332 42,167
133,183 42,167

M A F O CONSULTING LIMITED (REGISTERED NUMBER: 07585117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The advances to the directors were repaid in full within 9 months of the year end.