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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
Page
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MP Consulting Europe Limited Company Information for the year ended 30 April 2023
Director
Mr M W Pendell
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
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MP Consulting Europe Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,525 
- 
Current assets
Debtors
33,810 
25,169 
Cash at bank and in hand
(9,433)
7,090 
24,377 
32,259 
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)
Net assets
3,797 
3,772 
Capital and reserves
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
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MP Consulting Europe Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
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.
Turnover
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 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 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.
Foreign exchange
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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MP Consulting Europe Limited Notes to the Accounts for the year ended 30 April 2023
Government grants
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 
Additions
500 
1,500 
2,000 
At 30 April 2023
500 
6,905 
7,405 
Depreciation
At 1 May 2022
- 
5,405 
5,405 
Charge for the year
100 
375 
475 
At 30 April 2023
100 
5,780 
5,880 
Net book value
At 30 April 2023
400 
1,125 
1,525 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
138 
470 
Trade debtors
20,181 
21,189 
Other debtors
13,491 
3,510 
33,810 
25,169 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,400 
2,133 
Trade creditors
846 
- 
Taxes and social security
2,744 
2,325 
Other creditors
9,048 
13,929 
Loans from directors
- 
233 
15,038 
18,620 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,067 
9,867 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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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).
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