Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueThe company's principal activity was that of management consultancy activities other than financial management.2022-09-23false1truefalse 14373430 2022-09-22 14373430 2022-09-23 2023-09-30 14373430 2023-09-30 14373430 2021-09-23 2022-09-22 14373430 c:Director1 2022-09-23 2023-09-30 14373430 d:CurrentFinancialInstruments 2023-09-30 14373430 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14373430 d:ShareCapital 2023-09-30 14373430 d:RetainedEarningsAccumulatedLosses 2023-09-30 14373430 c:FRS102 2022-09-23 2023-09-30 14373430 c:AuditExempt-NoAccountantsReport 2022-09-23 2023-09-30 14373430 c:FullAccounts 2022-09-23 2023-09-30 14373430 c:PrivateLimitedCompanyLtd 2022-09-23 2023-09-30 14373430 d:WithinOneYear 2023-09-30 14373430 e:PoundSterling 2022-09-23 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 14373430


M&G PROFESSIONAL SERVICES LIMITED








UNAUDITED


FOR THE PERIOD 23 SEPTEMBER 2022 TO 30 SEPTEMBER 2023

 
M&G PROFESSIONAL SERVICES LIMITED
REGISTERED NUMBER: 14373430

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
9,322

  
9,322

Creditors: amounts falling due within one year
 5 
(4,811)

Net current assets
  
 
 
4,511

Total assets less current liabilities
  
4,511

  

Net assets
  
4,511


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
4,411

  
4,511


Page 1

 
M&G PROFESSIONAL SERVICES LIMITED
REGISTERED NUMBER: 14373430
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Goodchild
Director

Date: 9 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
M&G PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1.


General information

M&G Professional Services Limited is a private limited company limited by share capital, incorporated in England and Wales.
The company's registration number is 14373430.
The address of the registered office is Kineton House, 31 Horse Fair, Banbury, Oxon, United Kingdom, OX16 0AE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
M&G PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
9,322

9,322



5.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
1,035

Other creditors
1,376

Accruals and deferred income
2,400

4,811


Page 4

 
M&G PROFESSIONAL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2023

6.


Commitments under operating leases

At 30 September 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
1,512

1,512

 
Page 5