Company Registration No. 06803146 (England and Wales)
2M Employment Solutions Limited
Unaudited accounts
for the year ended 31 January 2023
2M Employment Solutions Limited
Unaudited accounts
Contents
2M Employment Solutions Limited
Company Information
for the year ended 31 January 2023
Directors
M M Minnis
S Minnis
Company Number
06803146 (England and Wales)
Registered Office
2-4 West Street
Fareham
Hampshire
PO16 0BH
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
2M Employment Solutions Limited
Accountants' report
Accountants' report to the board of directors of 2M Employment Solutions Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
2M Employment Solutions Limited for the year ended
31 January 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 2M Employment Solutions Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 2M Employment Solutions Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 2M Employment Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 2M Employment Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 2M Employment Solutions Limited. You consider that 2M Employment Solutions Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 2M Employment Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
6 October 2023
2M Employment Solutions Limited
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
8,967
29,570
Creditors: amounts falling due within one year
(86,404)
(71,794)
Net current liabilities
(52,946)
(13,292)
Total assets less current liabilities
(51,966)
(12,067)
Creditors: amounts falling due after more than one year
(22,918)
(33,170)
Net liabilities
(74,884)
(45,237)
Called up share capital
100
100
Profit and loss account
(74,984)
(45,337)
Shareholders' funds
(74,884)
(45,237)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by
M M Minnis
Director
Company Registration No. 06803146
2M Employment Solutions Limited
Notes to the Accounts
for the year ended 31 January 2023
2M Employment Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06803146. The registered office is 2-4 West Street, Fareham, Hampshire, PO16 0BH.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2022
569
2,925
3,494
At 31 January 2023
569
2,925
3,494
At 1 February 2022
386
1,883
2,269
Charge for the year
36
209
245
At 31 January 2023
422
2,092
2,514
At 31 January 2023
147
833
980
At 31 January 2022
183
1,042
1,225
2M Employment Solutions Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
14,961
11,297
Accrued income and prepayments
-
2,375
Other debtors
9,530
15,260
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,411
10,158
Trade creditors
11,555
18,766
Taxes and social security
14,313
6,030
Other creditors
3,799
36,085
Loans from directors
45,948
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
9,510
(593)
(614)
9,531
Director Loan
5,241
(51,803)
(614)
(45,948)
14,751
(52,396)
(1,228)
(36,417)
10
Average number of employees
During the year the average number of employees was 4 (2022: 5).