The Management Centre (UK) Ltd 04663203 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Fundraising Activities Digita Accounts Production Advanced 6.30.9574.0 true 04663203 2022-11-01 2023-10-31 04663203 2023-10-31 04663203 core:CurrentFinancialInstruments 2023-10-31 04663203 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04663203 core:FurnitureFittings 2023-10-31 04663203 core:OfficeEquipment 2023-10-31 04663203 bus:SmallEntities 2022-11-01 2023-10-31 04663203 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 04663203 bus:FilletedAccounts 2022-11-01 2023-10-31 04663203 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04663203 bus:RegisteredOffice 2022-11-01 2023-10-31 04663203 bus:CompanySecretaryDirector2 2022-11-01 2023-10-31 04663203 bus:Director1 2022-11-01 2023-10-31 04663203 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04663203 core:ComputerEquipment 2022-11-01 2023-10-31 04663203 core:FurnitureFittings 2022-11-01 2023-10-31 04663203 core:OfficeEquipment 2022-11-01 2023-10-31 04663203 countries:AllCountries 2022-11-01 2023-10-31 04663203 2022-10-31 04663203 core:FurnitureFittings 2022-10-31 04663203 core:OfficeEquipment 2022-10-31 04663203 2021-11-01 2022-10-31 04663203 2022-10-31 04663203 core:CurrentFinancialInstruments 2022-10-31 04663203 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 04663203 core:FurnitureFittings 2022-10-31 04663203 core:OfficeEquipment 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 04663203

The Management Centre (UK) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

image-name
 

The Management Centre (UK) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

The Management Centre (UK) Ltd

Company Information

Directors

Mr B D Ross

Ms T C Segal

Company secretary

Ms T C Segal

Registered office

42 The Glade
North Walbottle
Newcastle Upon Tyne
NE15 9XJ

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

The Management Centre (UK) Ltd

(Registration number: 04663203)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,694

5,000

Current assets

 

Debtors

5

11,911

26,085

Cash at bank and in hand

 

354,781

353,861

 

366,692

379,946

Creditors: Amounts falling due within one year

6

(174,174)

(107,192)

Net current assets

 

192,518

272,754

Total assets less current liabilities

 

197,212

277,754

Provisions for liabilities

-

(950)

Net assets

 

197,212

276,804

Capital and reserves

 

Called up share capital

2

2

Retained earnings

197,210

276,802

Shareholders' funds

 

197,212

276,804

 

The Management Centre (UK) Ltd

(Registration number: 04663203)
Balance Sheet as at 31 October 2023 (continued)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 March 2024 and signed on its behalf by:
 

.........................................
Mr B D Ross
Director

.........................................
Ms T C Segal
Company secretary and director

 

The Management Centre (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
42 The Glade
North Walbottle
Newcastle Upon Tyne
NE15 9XJ

These financial statements were authorised for issue by the Board on 8 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair vaule of consideration takes into account trade discounts, settlement discounts and volume rebates.

Taxation

The tax expenses represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

 

The Management Centre (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred assets and liabilities relate to taxes levied by the same tax authority.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance

Computers

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

The Management Centre (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 November 2022

2,664

6,564

9,228

Additions

-

1,041

1,041

At 31 October 2023

2,664

7,605

10,269

Depreciation

At 1 November 2022

1,008

3,220

4,228

Charge for the year

249

1,098

1,347

At 31 October 2023

1,257

4,318

5,575

Carrying amount

At 31 October 2023

1,407

3,287

4,694

At 31 October 2022

1,656

3,344

5,000

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,724

6,221

Prepayments

7,801

4,516

Other debtors

2,386

15,348

 

11,911

26,085

 

The Management Centre (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

10,477

10,772

Taxation and social security

498

2,959

Accruals and deferred income

3,600

(832)

Other creditors

159,599

94,293

174,174

107,192