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REGISTERED NUMBER: 12628875 (England and Wales)
















Mbd Bookkeeping And Payroll Services
Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Mbd Bookkeeping And Payroll Services
Limited (Registered number: 12628875)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Mbd Bookkeeping And Payroll Services
Limited

Company Information
for the Year Ended 31st March 2024







Director: Mrs. J A Tester-Wilson





Registered office: 18 Roundwood Park
Harpenden
Hertfordshire
AL5 3AB





Registered number: 12628875 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Mbd Bookkeeping And Payroll Services
Limited (Registered number: 12628875)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,636 3,198

Current assets
Debtors 5 1,888 4,220
Cash at bank 16,208 6,871
18,096 11,091
Creditors
Amounts falling due within one year 6 10,887 10,304
Net current assets 7,209 787
Total assets less current liabilities 10,845 3,985

Capital and reserves
Called up share capital 40 30
Retained earnings 10,805 3,955
10,845 3,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 23rd April 2024 and were signed by:





Mrs. J A Tester-Wilson - Director


Mbd Bookkeeping And Payroll Services
Limited (Registered number: 12628875)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. Statutory information

Mbd Bookkeeping And Payroll Services 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
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 20% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

Mbd Bookkeeping And Payroll Services
Limited (Registered number: 12628875)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. Tangible fixed assets
Office
equipment
£   
Cost
At 1st April 2023 4,855
Additions 1,346
At 31st March 2024 6,201
Depreciation
At 1st April 2023 1,657
Charge for year 908
At 31st March 2024 2,565
Net book value
At 31st March 2024 3,636
At 31st March 2023 3,198

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 294 1,068
Other debtors 1,594 3,152
1,888 4,220

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 2,871 432
Other creditors 8,016 9,872
10,887 10,304

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,975 5,926
Between one and five years - 1,975
1,975 7,901