M2S Consultancy Ltd
Registered number: 13553502
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 440 660
Investments 4 50,000 -
50,440 660
Current assets
Debtors 5 27,000 32,450
Cash at bank and in hand 34,808 84
61,808 32,534
Creditors: amounts falling due within one year 6 (28,973) (16,092)
Net current assets 32,835 16,442
Net assets 83,275 17,102
Capital and reserves
Called up share capital 1 1
Profit and loss account 83,274 17,101
Shareholder's funds 83,275 17,102
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Shuaib Nadeem Mir
Director
Approved by the board on 9 September 2024
M2S Consultancy Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2023 1,100
At 31 July 2024 1,100
Depreciation
At 1 August 2023 440
Charge for the year 220
At 31 July 2024 660
Net book value
At 31 July 2024 440
At 31 July 2023 660
4 Investments
Other
investments
£
Cost
Additions 50,000
At 31 July 2024 50,000
5 Debtors 2024 2023
£ £
Other loans < 1 year 27,000 32,450
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 2,500 2,280
Corporation tax 25,680 12,639
Other taxes and social security costs (1,304) 346
Director's account 2,097 827
28,973 16,092
7 Profit and loss account 2024
£
At 1 August 2023 17,101
Profit for the year 76,173
Dividend (10,000)
At 31 July 2024 83,274
8 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid 10,000 35,500
10,000 35,500
9 Related party transactions
Included within the creditors at the year end is £2,097 (2023: £827) due to Mr M S N Mir, the company director. During the period the company paid £69,311 of expenses on behalf of the director and the director introduced £70,581.
10 Controlling party
The ultimate controlling party is the director and sole shareholder Mr Mohammed Shuaib Nadeem Mir.
11 Other information
M2S Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Christchurch Road
Ilford
IG1 4QY
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