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Company Registration No. 11129947 (England and Wales)
M M & I SHIPPING LTD Unaudited accounts for the year ended 31 January 2024
M M & I SHIPPING LTD Unaudited accounts Contents
Page
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M M & I SHIPPING LTD Company Information for the year ended 31 January 2024
Director
Abraham Duah
Company Number
11129947 (England and Wales)
Registered Office
9 Stonard Road Dagenham RM8 2HS UK
Accountants
TL LEADS ACCOUNTANCY LTD 124 CITY ROAD LONDON EC1V 2NX
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of M M & I SHIPPING LTD 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 M M & I SHIPPING LTD 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.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
TL LEADS ACCOUNTANCY LTD Chartered Certified Accountants 124 CITY ROAD LONDON EC1V 2NX 9 September 2024
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M M & I SHIPPING LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
860 
5,660 
Investments
20,171 
20,171 
21,031 
25,831 
Current assets
Debtors
- 
487 
Cash at bank and in hand
99 
778 
99 
1,265 
Net current assets
99 
1,265 
Total assets less current liabilities
21,130 
27,096 
Creditors: amounts falling due after more than one year
(48,600)
(43,814)
Net liabilities
(27,470)
(16,718)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(27,471)
(16,719)
Shareholders' funds
(27,470)
(16,718)
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 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 9 September 2024 and were signed on its behalf by
Abraham Duah Director Company Registration No. 11129947
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M M & I SHIPPING LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
M M & I SHIPPING LTD is a private company, limited by shares, registered in England and Wales, registration number 11129947. The registered office is 9 Stonard Road, Dagenham, RM8 2HS, UK.
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:
Motor vehicles
20% on straight line method
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
24,000 
At 31 January 2024
24,000 
Depreciation
At 1 February 2023
18,340 
Charge for the year
4,800 
At 31 January 2024
23,140 
Net book value
At 31 January 2024
860 
At 31 January 2023
5,660 
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
20,171 
Valuation at 31 January 2024
20,171 
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M M & I SHIPPING LTD Notes to the Accounts for the year ended 31 January 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
487 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,802 
35,802 
Loans from directors
12,798 
8,012 
48,600 
43,814 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Abraham Duah
Director's Loan to the company
8,291 
- 
- 
8,291 
8,291 
- 
- 
8,291 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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