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REGISTERED NUMBER: 06836143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MINISTRY OF COMMON SENSE LIMITED

MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

MINISTRY OF COMMON SENSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: R J Saville
Mrs D Saville





SECRETARY: Mrs D Saville





REGISTERED OFFICE: 29 Ingate
Beccles
Suffolk
NR34 9RU





REGISTERED NUMBER: 06836143 (England and Wales)





ACCOUNTANTS: Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS

MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,644 9,800

CURRENT ASSETS
Debtors 5 7,966 10,190
Cash at bank 10,325 6,299
18,291 16,489
CREDITORS
Amounts falling due within one year 6 8,142 9,640
NET CURRENT ASSETS 10,149 6,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,793

16,649

PROVISIONS FOR LIABILITIES 7 1,452 1,862
NET ASSETS 16,341 14,787

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 16,241 14,687
SHAREHOLDERS' FUNDS 16,341 14,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2023 and were signed on its behalf by:





R J Saville - Director


MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Ministry of Common Sense 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.

Changes in accounting policies
The rate of depreciation of equipment was reduced from 18 percent to 15 percent with effect from 1.4.2015.

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 each asset over its estimated useful life.
Equipment - 15% on reducing balance
Computer equipment - 33.3% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 21,782 3,588 25,370
DEPRECIATION
At 1st April 2022 12,792 2,778 15,570
Charge for year 1,349 807 2,156
At 31st March 2023 14,141 3,585 17,726
NET BOOK VALUE
At 31st March 2023 7,641 3 7,644
At 31st March 2022 8,990 810 9,800

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,966 9,718
Social security and other
taxes - 472
7,966 10,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,460 1,356
Social security and other taxes 89 -
VAT 3,370 2,381
Directors' current accounts 458 5,179
Accrued expenses 765 724
8,142 9,640

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,452 1,862

Deferred
tax
£   
Balance at 1st April 2022 1,862
Accelerated capital allowances (410 )
Balance at 31st March 2023 1,452

MINISTRY OF COMMON SENSE LIMITED (REGISTERED NUMBER: 06836143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1st April 2022 14,687
Profit for the year 13,004
Dividends (11,450 )
At 31st March 2023 16,241

MINISTRY OF COMMON SENSE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MINISTRY OF COMMON SENSE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st March 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS


23rd December 2023