Registered number
13225747
MH INTELLIGENCE GLOBAL LIMITED
Filleted Accounts
28 February 2023
MH INTELLIGENCE GLOBAL LIMITED
Registered number: 13225747
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 72 96
Current assets
Debtors 4 736 26,460
Cash at bank and in hand 6,861 14,966
7,597 41,426
Creditors: amounts falling due within one year 5 (7,668) (34,531)
Net current (liabilities)/assets (71) 6,895
Net assets 1 6,991
Capital and reserves
Called up share capital 100 100
Profit and loss account (99) 6,891
Shareholders' funds 1 6,991
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Jones
Director
Approved by the board on 14 November 2023
MH INTELLIGENCE GLOBAL LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 120
At 28 February 2023 120
Depreciation
At 1 March 2022 24
Charge for the year 24
At 28 February 2023 48
Net book value
At 28 February 2023 72
At 28 February 2022 96
4 Debtors 2023 2022
£ £
Trade debtors 736 26,460
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 900 1,200
Corporation Tax payable 2,063 2,063
Taxation and social security costs 1,018 4,410
Director's current account 3,687 26,858
7,668 34,531
6 Other information
MH INTELLIGENCE GLOBAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
92 Crawford Street
London
W1H 2HE
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