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Company Registration No. 12113087 (England and Wales)
M3CA LTD Unaudited accounts for the year ended 31 July 2023
M3CA LTD Unaudited accounts Contents
Page
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M3CA LTD Company Information for the year ended 31 July 2023
Director
Joy Adeyemi
Secretary
Tamara Adeyemi
Company Number
12113087 (England and Wales)
Registered Office
85 Great Portland Street First Floor London W1W 7LT
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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M3CA LTD Accountants' report
Accountants' report to the director of M3CA LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M3CA LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of M3CA LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of M3CA LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M3CA LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M3CA LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M3CA LTD. You consider that M3CA LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of M3CA LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 22 March 2024
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M3CA LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,256 
60,074 
Current assets
Debtors
8,420 
6,325 
Cash at bank and in hand
408 
- 
8,828 
6,325 
Creditors: amounts falling due within one year
(19,671)
(48,137)
Net current liabilities
(10,843)
(41,812)
Total assets less current liabilities
39,413 
18,262 
Creditors: amounts falling due after more than one year
(94,465)
(124,465)
Net liabilities
(55,052)
(106,203)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(55,053)
(106,204)
Shareholders' funds
(55,052)
(106,203)
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 22 March 2024 and were signed on its behalf by
Joy Adeyemi Director Company Registration No. 12113087
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M3CA LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
M3CA LTD is a private company, limited by shares, registered in England and Wales, registration number 12113087. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
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
20
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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M3CA LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
62,550 
6,275 
55,640 
124,465 
Additions
454 
- 
3,400 
3,854 
At 31 July 2023
63,004 
6,275 
59,040 
128,319 
Depreciation
At 1 August 2022
30,524 
1,700 
32,167 
64,391 
Charge for the year
6,496 
458 
6,718 
13,672 
At 31 July 2023
37,020 
2,158 
38,885 
78,063 
Net book value
At 31 July 2023
25,984 
4,117 
20,155 
50,256 
At 31 July 2022
32,026 
4,575 
23,473 
60,074 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
8,420 
6,324 
Other debtors
- 
1 
8,420 
6,325 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
4,047 
33,218 
Other creditors
222 
7,421 
Loans from directors
14,197 
6,998 
Accruals
1,205 
500 
19,671 
48,137 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
94,465 
124,465 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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