2023-01-012023-12-312023-12-31false05064631MAYFAIR FINANCIAL & MORTGAGE CONSULTANTS 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MAYFAIR FINANCIAL & MORTGAGE CONSULTANTS LIMITED

Registered Number
05064631
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MAYFAIR FINANCIAL & MORTGAGE CONSULTANTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

MOLITERNO, Antonio Charles

Registered Address

Mayfair House
11 Lurke Street
Bedford
MK40 3HZ

Registered Number

05064631 (England and Wales)
MAYFAIR FINANCIAL & MORTGAGE CONSULTANTS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets36,7148,397
6,7148,397
Current assets
Stocks420,00020,000
Debtors55,50055,500
75,50075,500
Creditors amounts falling due within one year5(68,682)(52,365)
Net current assets (liabilities)6,81823,135
Total assets less current liabilities13,53231,532
Creditors amounts falling due after one year6(56,381)(58,859)
Net assets(42,849)(27,327)
Capital and reserves
Called up share capital200200
Profit and loss account(43,049)(27,527)
Shareholders' funds(42,849)(27,327)
The financial statements were approved and authorised for issue by the Director on 5 July 2024, and are signed on its behalf by:
MOLITERNO, Antonio Charles
Director
Registered Company No. 05064631
MAYFAIR FINANCIAL & MORTGAGE CONSULTANTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles20
Office Equipment20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year35
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 231,26321,1305,67836,87664,947
At 31 December 231,26321,1305,67836,87664,947
Depreciation and impairment
At 01 January 231,26319,1234,54531,61956,550
Charge for year-4022301,0511,683
At 31 December 231,26319,5254,77532,67058,233
Net book value
At 31 December 23-1,6059034,2066,714
At 31 December 22-2,0071,1335,2578,397
4.Stocks

2023

2022

££
Work in progress20,00020,000
Total20,00020,000
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables36,06524,610
Bank borrowings and overdrafts22,91821,472
Taxation and social security9,3995,983
Accrued liabilities and deferred income300300
Total68,68252,365
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.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts56,38158,859
Total56,38158,859