MBP Consulting Ltd
Unaudited accounts
Contents
MBP Consulting Ltd
Statement of financial position
as at 31 May 2023
Intangible assets
26,459
28,623
Tangible assets
14,087
8,715
Cash at bank and in hand
138,222
189,886
Creditors: amounts falling due within one year
(4,162)
(16,162)
Net current assets
162,774
191,042
Total assets less current liabilities
203,320
228,380
Creditors: amounts falling due after more than one year
(20,533)
(23,991)
Provisions for liabilities
Deferred tax
(2,677)
(1,656)
Net assets
180,110
202,733
Called up share capital
10
10
Revaluation reserve
18,838
19,840
Profit and loss account
161,262
182,883
Shareholders' funds
180,110
202,733
For the year ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 October 2023 and were signed on its behalf by
D Haynes
Director
Company Registration No. 09027348
MBP Consulting Ltd
Notes to the Accounts
for the year ended 31 May 2023
MBP Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09027348. The registered office is 9 Lancaster Centre Meteor Business Park, Cheltenham Road East, Cheltenham Road East, GL2 9QL.
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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:
Intangible fixed assets are included at their revalued amount at the end of the year.
4
Intangible fixed assets
Total
MBP Consulting Ltd
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Total
6
Deferred taxation
2023
2022
Accelerated capital allowances
2,677
1,656
Provision at start of year
1,656
-
Charged to the profit and loss account
1,021
1,656
Provision at end of year
2,677
1,656
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
777
-
270
507
Loan to director
202
-
286
(84)
The company made an unsecured, interest bearing loan of £423 to the directors as at 31 May 2023 (£979: 31 May 2022). This was cleared after the year end.
8
Transactions with related parties
The directors charged the company rent of £312.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).