Company registration number 14208874 (England and Wales)
M18 CONSULTING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
M18 CONSULTING LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
M18 CONSULTING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,690
923
Current assets
Debtors
4
6,403
3,363
Cash at bank and in hand
29,616
9,847
36,019
13,210
Creditors: amounts falling due within one year
5
(37,161)
(18,621)
Net current liabilities
(1,142)
(5,411)
Total assets less current liabilities
2,548
(4,488)
Provisions for liabilities
(923)
(175)
Net assets/(liabilities)
1,625
(4,663)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
1,615
(4,673)
Total equity
1,625
(4,663)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 September 2024 and are signed on its behalf by:
Vaughn Peter Rowe
Director
Company registration number 14208874 (England and Wales)
M18 CONSULTING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
-
0
-
0
-
Period ended 31 December 2022:
Profit and total comprehensive income
-
25,327
25,327
Issue of share capital
10
-
10
Dividends
-
(30,000)
(30,000)
Balance at 31 December 2022
10
(4,673)
(4,663)
Year ended 31 December 2023:
Profit and total comprehensive income
-
92,688
92,688
Dividends
-
(86,400)
(86,400)
Balance at 31 December 2023
10
1,615
1,625
M18 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

M18 Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
4 years straight line
Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

M18 CONSULTING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2023
-
0
977
977
Additions
845
3,199
4,044
At 31 December 2023
845
4,176
5,021
Depreciation and impairment
At 1 January 2023
-
0
54
54
Depreciation charged in the year
128
1,149
1,277
At 31 December 2023
128
1,203
1,331
Carrying amount
At 31 December 2023
717
2,973
3,690
At 31 December 2022
-
0
923
923
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,120
2,946
Other debtors
283
417
6,403
3,363
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
317
436
Taxation and social security
35,186
11,839
Other creditors
1,658
6,346
37,161
18,621
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