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Company Registration No. 06803146 (England and Wales)
2M Employment Solutions Limited Unaudited accounts for the year ended 31 January 2024
2M Employment Solutions Limited Unaudited accounts Contents
Page
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2M Employment Solutions Limited Company Information for the year ended 31 January 2024
Directors
M M Minnis S Minnis
Secretary
D P Till
Company Number
06803146 (England and Wales)
Registered Office
2-4 West Street Fareham Hampshire PO16 0BH
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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2M Employment Solutions Limited Accountants' report
Accountants' report to the board of directors of 2M Employment Solutions Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 2M Employment Solutions Limited for the year ended 31 January 2024 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 2M Employment Solutions Limited, 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 2M Employment Solutions Limited 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 2M Employment Solutions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 2M Employment Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 2M Employment Solutions Limited. You consider that 2M Employment Solutions Limited 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 2M Employment Solutions Limited. 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.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 8 August 2024
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2M Employment Solutions Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,096 
980 
Current assets
Debtors
7,671 
24,491 
Cash at bank and in hand
3,284 
8,967 
10,955 
33,458 
Creditors: amounts falling due within one year
(103,244)
(86,404)
Net current liabilities
(92,289)
(52,946)
Total assets less current liabilities
(91,193)
(51,966)
Creditors: amounts falling due after more than one year
(17,058)
(22,918)
Net liabilities
(108,251)
(74,884)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(108,351)
(74,984)
Shareholders' funds
(108,251)
(74,884)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
M M Minnis Director Company Registration No. 06803146
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2M Employment Solutions Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
2M Employment Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06803146. The registered office is 2-4 West Street, Fareham, Hampshire, PO16 0BH.
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
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
569 
2,925 
3,494 
Additions
- 
324 
324 
At 31 January 2024
569 
3,249 
3,818 
Depreciation
At 1 February 2023
422 
2,092 
2,514 
Charge for the year
29 
179 
208 
At 31 January 2024
451 
2,271 
2,722 
Net book value
At 31 January 2024
118 
978 
1,096 
At 31 January 2023
147 
833 
980 
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2M Employment Solutions Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,671 
14,961 
Other debtors
- 
9,530 
7,671 
24,491 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,344 
10,411 
VAT
13,926 
- 
Trade creditors
8,250 
11,555 
Taxes and social security
3,507 
14,313 
Other creditors
17,892 
3,799 
Loans from directors
43,061 
45,948 
Accruals
264 
378 
103,244 
86,404 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,058 
22,918 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M M Minnis
Director Loan
9,531 
(3,251)
(1,162)
7,442 
S Minnis
Director Loan
(45,948)
(15,415)
(10,860)
(50,503)
(36,417)
(18,666)
(12,022)
(43,061)
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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