0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-04 Sage Accounts Production Advanced 2023 - FRS102_2023 1,026 1,026 257 257 769 xbrli:pure xbrli:shares iso4217:GBP 14570501 2023-01-04 2023-12-31 14570501 2023-12-31 14570501 2023-01-03 14570501 bus:Director1 2023-01-04 2023-12-31 14570501 core:WithinOneYear 2023-12-31 14570501 core:RetainedEarningsAccumulatedLosses 2023-12-31 14570501 bus:SmallEntities 2023-01-04 2023-12-31 14570501 bus:AuditExemptWithAccountantsReport 2023-01-04 2023-12-31 14570501 bus:SmallCompaniesRegimeForAccounts 2023-01-04 2023-12-31 14570501 bus:PrivateLimitedCompanyLtd 2023-01-04 2023-12-31 14570501 bus:FullAccounts 2023-01-04 2023-12-31 14570501 core:ComputerEquipment 2023-01-04 2023-12-31 14570501 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 14570501
MP Connections Consultancy Limited
Filleted Unaudited Financial Statements
For the period ended
31 December 2023
MP Connections Consultancy Limited
Statement of Financial Position
31 December 2023
31 Dec 23
Note
£
£
Fixed assets
Tangible assets
4
769
Current assets
Debtors
5
31,964
Cash at bank and in hand
121,674
----------
153,638
Creditors: amounts falling due within one year
6
43,642
----------
Net current assets
109,996
----------
Total assets less current liabilities
110,765
----------
Net assets
110,765
----------
Capital and reserves
Profit and loss account
110,765
----------
Shareholders funds
110,765
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MP Connections Consultancy Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:
M Proctor
Director
Company registration number: 14570501
MP Connections Consultancy Limited
Notes to the Financial Statements
Period from 4 January 2023 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Mayfields Way, South Kirkby, Pontefract, WF9 3SH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Equipment
£
Cost
At 4 January 2023
Additions
1,026
-------
At 31 December 2023
1,026
-------
Depreciation
At 4 January 2023
Charge for the period
257
-------
At 31 December 2023
257
-------
Carrying amount
At 31 December 2023
769
-------
5. Debtors
31 Dec 23
£
Trade debtors
31,903
Other debtors
61
--------
31,964
--------
6. Creditors: amounts falling due within one year
31 Dec 23
£
Corporation tax
32,370
Social security and other taxes
10,372
Other creditors
900
--------
43,642
--------