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Company Registration No. 13757591 (England and Wales)
MAB Accountancy Hub Ltd Unaudited accounts for the year ended 30 November 2023
MAB Accountancy Hub Ltd Unaudited accounts Contents
Page
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MAB Accountancy Hub Ltd Company Information for the year ended 30 November 2023
Director
Michelle Balchin
Company Number
13757591 (England and Wales)
Registered Office
82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ United Kingdom
Accountants
MAB Accountancy Hub Ltd 82 Station Road Bishops Cleeve Cheltenham Gloucestershire GL52 8HJ
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MAB Accountancy Hub Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,515 
3,547 
Current assets
Debtors
1,621 
1,819 
Cash at bank and in hand
4,551 
2,597 
6,172 
4,416 
Creditors: amounts falling due within one year
(9,722)
(4,452)
Net current liabilities
(3,550)
(36)
Net assets
6,965 
3,511 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
6,955 
3,501 
Shareholders' funds
6,965 
3,511 
For the year ending 30 November 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 her 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 12 March 2024 and were signed on its behalf by
Michelle Balchin Director Company Registration No. 13757591
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MAB Accountancy Hub Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
MAB Accountancy Hub Ltd is a private company, limited by shares, registered in England and Wales, registration number 13757591. The registered office is 82 Station Road, Bishops Cleeve, Cheltenham, Gloucestershire, GL52 8HJ, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
4 Years
Fixtures & fittings
5 Years
Computer equipment
3 Years
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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MAB Accountancy Hub Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
620 
3,738 
4,358 
Additions
5,425 
3,738 
9,163 
At 30 November 2023
6,045 
7,476 
13,521 
Depreciation
At 1 December 2022
44 
767 
811 
Charge for the year
689 
1,506 
2,195 
At 30 November 2023
733 
2,273 
3,006 
Net book value
At 30 November 2023
5,312 
5,203 
10,515 
At 30 November 2022
576 
2,971 
3,547 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Computer equipment
2,622 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,277 
1,513 
Accrued income and prepayments
344 
306 
1,621 
1,819 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,586 
- 
Trade creditors
312 
346 
Taxes and social security
2,680 
2,114 
Loans from directors
4,144 
1,992 
9,722 
4,452 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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