Marvellous Light Ministries International
Registered number: 06302788
Statement of Financial Position
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 535 1,071
Current assets
Debtors 4 823 502
Cash at bank and in hand 78,787 77,742
79,610 78,244
Creditors: amounts falling due within one year 5 (1,200) (1,200)
Net current assets 78,410 77,044
Net assets 78,945 78,115
Funds of the charity
Unrestricted funds 78,945 78,115
Total charity funds 78,945 78,115
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 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.
Archbishop M S Wilson
Director
Approved by the board on 5 October 2024
Marvellous Light Ministries International
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 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Income
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment - 33% straight-line
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction 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
The charity is non-trading and as such is exempt from corporation tax on its income from chartitable activities.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Equipment
£
Cost
At 1 August 2023 9,942
At 31 July 2024 9,942
Depreciation
At 1 August 2023 8,871
Charge for the year 536
At 31 July 2024 9,407
Net book value
At 31 July 2024 535
At 31 July 2023 1,071
4 Debtors 2024 2023
£ £
Other debtors 823 502
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 1,200 1,200
6 Other information
Marvellous Light Ministries International is a private company limited by guarantee and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
United Kingdom
Marvellous Light Ministries International 06302788 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 Archbishop M S Wilson No description of principal activity 06302788 2022-08-01 2023-07-31 06302788 core:WithinOneYear 2023-07-31 06302788 core:RetainedEarningsAccumulatedLosses 2023-07-31 06302788 2023-08-01 2024-07-31 06302788 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06302788 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06302788 bus:Director40 2023-08-01 2024-07-31 06302788 1 2023-08-01 2024-07-31 06302788 2 2023-08-01 2024-07-31 06302788 core:PlantMachinery 2023-08-01 2024-07-31 06302788 countries:England 2023-08-01 2024-07-31 06302788 bus:FRS102 2023-08-01 2024-07-31 06302788 bus:FilletedAccounts 2023-08-01 2024-07-31 06302788 2024-07-31 06302788 core:WithinOneYear 2024-07-31 06302788 core:RetainedEarningsAccumulatedLosses 2024-07-31 06302788 core:PlantMachinery 2024-07-31 06302788 2023-07-31 06302788 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure