Company Registration No. 09134104 (England and Wales)
M L Inspection Limited
Unaudited accounts
for the year ended 31 July 2023
M L Inspection Limited
Unaudited accounts
Contents
M L Inspection Limited
Company Information
for the year ended 31 July 2023
Company Number
09134104 (England and Wales)
Registered Office
103 High Street
Waltham Cross
Herts.
EN8 7AN
Accountants
Brindley Goldstein Ltd
103 High Street
Waltham Cross
EN8 7AN
M L Inspection Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
3,579
5,700
Creditors: amounts falling due within one year
(86,332)
(70,529)
Net current (liabilities)/assets
(82,753)
32,718
Total assets less current liabilities
(82,006)
34,212
Creditors: amounts falling due after more than one year
(27,060)
(29,552)
Net (liabilities)/assets
(109,066)
4,660
Called up share capital
100
100
Profit and loss account
(109,166)
4,560
Shareholders' funds
(109,066)
4,660
For the year ending 31 July 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 6 March 2024 and were signed on its behalf by
Mr M. Leigh
Director
Company Registration No. 09134104
M L Inspection Limited
Notes to the Accounts
for the year ended 31 July 2023
M L Inspection Limited is a private company, limited by shares, registered in England and Wales, registration number 09134104. The registered office is 103 High Street, Waltham Cross, Herts., EN8 7AN.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Computer equipment
33 1/3% Straight Line Basis
4
Tangible fixed assets
Computer equipment
M L Inspection Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,224
5,224
Taxes and social security
69,102
55,458
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company was under the control of Mr M. Leigh throughout the current period. Mr M. Leigh is personally interested in 50% of the company's share capital. In addition, his wife, Mrs A. Leigh is personally interested in the remaining 50% of the company's share capital.
Mr M. Leigh and Mrs A. Leigh received a dividend from the company during the year of £78,000 each (2022: £35,000 each).
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).