Company Registration No. 5101706 (England and Wales)
MP Consulting Europe Limited
Unaudited accounts
for the year ended 30 April 2023
MP Consulting Europe Limited
Unaudited accounts
Contents
MP Consulting Europe Limited
Company Information
for the year ended 30 April 2023
Company Number
5101706 (England and Wales)
Registered Office
C/o Accountancy Managers Ltd
164 New Cavendish Street
London
W1W 6YT
United Kingdom
Accountants
Accountancy Managers Limited
164 New Cavendish Street
London
W1W 6YT
MP Consulting Europe Limited
Statement of financial position
as at 30 April 2023
Cash at bank and in hand
(9,433)
7,090
Creditors: amounts falling due within one year
(15,038)
(18,620)
Net current assets
9,339
13,639
Total assets less current liabilities
10,864
13,639
Creditors: amounts falling due after more than one year
(7,067)
(9,867)
Called up share capital
10
10
Profit and loss account
3,787
3,762
Shareholders' funds
3,797
3,772
For the year ending 30 April 2023 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 19 January 2024 and were signed on its behalf by
Mr M W Pendell
Director
Company Registration No. 5101706
MP Consulting Europe Limited
Notes to the Accounts
for the year ended 30 April 2023
MP Consulting Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 5101706. The registered office is C/o Accountancy Managers Ltd, 164 New Cavendish Street, London, W1W 6YT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
MP Consulting Europe Limited
Notes to the Accounts
for the year ended 30 April 2023
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
-
5,405
5,405
At 30 April 2023
500
6,905
7,405
At 1 May 2022
-
5,405
5,405
Charge for the year
100
375
475
At 30 April 2023
100
5,780
5,880
At 30 April 2023
400
1,125
1,525
Amounts falling due within one year
Trade debtors
20,181
21,189
Other debtors
13,491
3,510
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,400
2,133
Taxes and social security
2,744
2,325
Other creditors
9,048
13,929
Loans from directors
-
233
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
MP Consulting Europe Limited
Notes to the Accounts
for the year ended 30 April 2023
9
Transactions with related parties
M W Pendell
Included in other creditors due less than one year is a sum of £nil (2022: £233) owed to the director.
During the period interim dividends of £nil (2022: £6,500) were distributed to the director.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).