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Company Registration No. 06460116 (England and Wales)
MSG Market Research Recruitment Limited Unaudited accounts for the year ended 31 March 2024
MSG Market Research Recruitment Limited Unaudited accounts Contents
Page
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MSG Market Research Recruitment Limited Company Information for the year ended 31 March 2024
Director
Michelle Grant
Company Number
06460116 (England and Wales)
Registered Office
Building 6 30 Friern Park London N12 9DA
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MSG Market Research Recruitment Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
321,070 
187,929 
Current assets
Debtors
692 
- 
Cash at bank and in hand
47,302 
127,766 
47,994 
127,766 
Creditors: amounts falling due within one year
(123,649)
(84,348)
Net current (liabilities)/assets
(75,655)
43,418 
Total assets less current liabilities
245,415 
231,347 
Creditors: amounts falling due after more than one year
(65,530)
(65,530)
Net assets
179,885 
165,817 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
179,884 
165,816 
Shareholders' funds
179,885 
165,817 
For the year ending 31 March 2024 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 9 July 2024 and were signed on its behalf by
Michelle Grant Director Company Registration No. 06460116
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MSG Market Research Recruitment Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
MSG Market Research Recruitment Limited is a private company, limited by shares, registered in England and Wales, registration number 06460116. The registered office is Building 6, 30 Friern Park, London, N12 9DA.
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.
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:
Fixtures & fittings
25% straight line (fully depreciated)
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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.
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MSG Market Research Recruitment Limited Notes to the Accounts for the year ended 31 March 2024
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
187,929 
551 
188,480 
Additions
133,141 
- 
133,141 
At 31 March 2024
321,070 
551 
321,621 
Depreciation
At 1 April 2023
- 
551 
551 
At 31 March 2024
- 
551 
551 
Net book value
At 31 March 2024
321,070 
- 
321,070 
At 31 March 2023
187,929 
- 
187,929 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
692 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,300 
5,961 
Loans from directors
119,947 
77,997 
Accruals
402 
390 
123,649 
84,348 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
65,530 
65,530 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
At 31 March 2024 the company owed £65,530 to a company that is owned by a close family member of the director.
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MSG Market Research Recruitment Limited Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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