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Company Registration No. 09527888 (England and Wales)
Mortgage Success Limited Unaudited accounts for the year ended 31 March 2024
Mortgage Success Limited Unaudited accounts Contents
Page
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Mortgage Success Limited Company Information for the year ended 31 March 2024
Director
Anthony Arron Higham
Company Number
09527888 (England and Wales)
Registered Office
2 The Courtyard Earl Road Cheadle Hulme Cheshire SK8 6GN England
Accountants
SJM Accounting Services 51 Wilmslow Road Cheadle Stockport Cheshire SK8 1HG
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Mortgage Success Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
370 
200 
Current assets
Inventories
6,348 
6,348 
Debtors
852 
831 
Cash at bank and in hand
37,600 
48,241 
44,800 
55,420 
Creditors: amounts falling due within one year
(12,520)
(17,842)
Net current assets
32,280 
37,578 
Total assets less current liabilities
32,650 
37,778 
Provisions for liabilities
Deferred tax
(70)
(38)
Net assets
32,580 
37,740 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
32,579 
37,739 
Shareholders' funds
32,580 
37,740 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 8 April 2024 and were signed on its behalf by
Anthony Arron Higham Director Company Registration No. 09527888
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Mortgage Success Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mortgage Success Limited is a private company, limited by shares, registered in England and Wales, registration number 09527888. The registered office and principal place of business is 2 The Courtyard, Earl Road, Cheadle Hulme, Cheshire, SK8 6GN, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Mortgage Success Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
106 
1,309 
1,415 
Additions
- 
499 
499 
At 31 March 2024
106 
1,808 
1,914 
Depreciation
At 1 April 2023
56 
1,159 
1,215 
Charge for the year
12 
317 
329 
At 31 March 2024
68 
1,476 
1,544 
Net book value
At 31 March 2024
38 
332 
370 
At 31 March 2023
50 
150 
200 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
636 
615 
Amounts falling due after more than one year
Other debtors
216 
216 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
998 
5,443 
Other creditors
5,000 
5,000 
Loans from directors
5,735 
6,612 
Accruals
787 
787 
12,520 
17,842 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
70 
38 
2024 
2023 
£ 
£ 
Provision at start of year
38 
82 
Charged/(credited) to the profit and loss account
32 
(44)
Provision at end of year
70 
38 
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Mortgage Success Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
1 
9
Transactions with related parties
AA Higham (director and shareholder) Dividends paid in the year £9,475 (2023: £12,900)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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