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
2M Employment Solutions Limited
Company Information
for the year ended 31 January 2024
Directors
M M Minnis
S Minnis
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
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
2M Employment Solutions Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
3,284
8,967
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)
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
2M Employment Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 January 2024
569
3,249
3,818
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
At 31 January 2024
118
978
1,096
At 31 January 2023
147
833
980
2M Employment Solutions Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
7,671
14,961
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,344
10,411
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
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
9,531
(3,251)
(1,162)
7,442
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).