REGISTERED NUMBER: |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411) |
Contents of the Financial Statements |
for the year ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED |
Company Information |
for the year ended 31 December 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
178 Buckingham Avenue |
Slough |
Berkshire |
SL1 4RD |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411) |
Balance Sheet |
31 December 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities | ( |
) |
Capital and reserves |
Called up share capital | 7 |
Retained earnings | 8 | ( |
) |
Shareholders' funds | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411) |
Notes to the Financial Statements |
for the year ended 31 December 2023 |
1. | Statutory information |
Menlo Park Design Business Management Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax and trade discounts. |
Tangible fixed assets |
Computer equipment | - |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Hence, the directors continue to adopt the going concern basis of accounting in preparing the the financial statements. |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 January 2023 |
Disposals | ( |
) |
At 31 December 2023 |
Depreciation |
At 1 January 2023 |
Eliminated on disposal | ( |
) |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Tax |
VAT |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Tax |
Other creditors |
Accruals and deferred income |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
MENLO PARK |
DESIGN BUSINESS MANAGEMENT LIMITED (REGISTERED NUMBER: 07593411) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2023 |
8. | Reserves |
Retained |
earnings |
£ |
At 1 January 2023 |
Deficit for the year | ( |
) |
At 31 December 2023 | ( |
) |
9. | Ultimate controlling party |
The ultimate controlling party is K J Gray and E J Gray. |