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REGISTERED NUMBER: 12119751 (England and Wales)















MISSION C LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023






MISSION C LIMITED (REGISTERED NUMBER: 12119751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


MISSION C LIMITED (REGISTERED NUMBER: 12119751)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 1,588 2,117

Current assets
Stocks 20,320 18,750
Debtors 5 1,883 50,924
Cash at bank and in hand 982 2,303
23,185 71,977
Creditors
Amounts falling due within one year 6 (80,340 ) (36,749 )
Net current (liabilities)/assets (57,155 ) 35,228
Total assets less current liabilities (55,567 ) 37,345

Capital and reserves
Called up share capital 100 100
Retained earnings (55,667 ) 37,245
(55,567 ) 37,345

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 8 October 2024 and were signed on its behalf by:





Mr Qes Hussain - Director


MISSION C LIMITED (REGISTERED NUMBER: 12119751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. Statutory information

Mission C Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12119751

Registered office: Suite 50, 19 Lever Street
Manchester
United Kingdom
M1 1AN

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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:

Motor Vehicle-25% Reducing Balance
Computer Equipment-25% Reducing Balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MISSION C LIMITED (REGISTERED NUMBER: 12119751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2022 2,823
Additions 3,900
Disposals (3,900 )
At 31 July 2023 2,823
Depreciation
At 1 August 2022 706
Charge for year 1,342
Eliminated on disposal (813 )
At 31 July 2023 1,235
Net book value
At 31 July 2023 1,588
At 31 July 2022 2,117

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,883 806
Other debtors - 50,118
1,883 50,924

MISSION C LIMITED (REGISTERED NUMBER: 12119751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 9,830 6,499
Amounts owed to group undertakings 31,950 -
Taxation and social security 18,433 11,085
Other creditors 20,127 19,165
80,340 36,749

7. Directors' advances, credits and guarantees

At 31 July 2023 company owed £4,455 to the directors (2022: £Nil). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

8. Related party disclosures

One of the directors, Javed Hussain is also a shareholder and director in J2 Corporation Limited a company incorporated in England. The balance outstanding at the year end £31,950 (2022: £NIL) is included within other creditors, and is repayable on demand.

J2 Corporation Limited


2023 2022
£    £   
Amount due from related party at the balance sheet date 31,950 -