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REGISTERED NUMBER: 08791325 (England and Wales)















MIGRANT ASSIST LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2022






MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2022










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


MIGRANT ASSIST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2022







DIRECTORS: R Garfield
L Saldanha Da Silva





REGISTERED OFFICE: 923 Finchley Road
Golders Green
London
NW11 7PE





REGISTERED NUMBER: 08791325 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 515

CURRENT ASSETS
Debtors 17,865 12,007
Cash at bank 1,111 2,429
18,976 14,436
CREDITORS
Amounts falling due within one year 12,633 6,132
NET CURRENT ASSETS 6,343 8,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,343

8,819

CREDITORS
Amounts falling due after more than one
year

6,200

8,600
NET ASSETS 143 219

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 43 119
SHAREHOLDERS' FUNDS 143 219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 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.

MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30th November 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2023 and were signed on its behalf by:





R Garfield - Director


MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2022


1. STATUTORY INFORMATION

Migrant Assist 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 - going concern
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.

The directors have undertaken not to withdraw their loans to the company until alternative sources of finance are in place. For this reason, the directors believe that the going concern basis is the appropriate basis for the preparation of these financial statements.

Turnover
Turnover represents invoiced sales of services.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures and fittings - 50.00% on cost
Computer equipment - 50.00% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st December 2021
and 30th November 2022 3,111
DEPRECIATION
At 1st December 2021 2,596
Charge for year 515
At 30th November 2022 3,111
NET BOOK VALUE
At 30th November 2022 -
At 30th November 2021 515

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,850 were paid to the directors .

During the year, various amounts were advanced to a director, L Saldanha Da Silva amounting to £12,480 (2021: £18,149) which includes interest of £261 charged on the average overdrawn balance at a rate of 2.5%. Amounts were repaid in the year totalling £10,850 (2021: £7,700).

At the year end the balance owed to the company was £12,079 (2021: £10,449). This loan carries interest and repayable on demand.

MIGRANT ASSIST LIMITED (REGISTERED NUMBER: 08791325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2022


7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.