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COMPANY REGISTRATION NUMBER: 12921761
Menable Group Ltd
Filleted Unaudited Financial Statements
31 October 2024
Menable Group Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Current assets
Debtors
5
9,491
17,574
Cash at bank and in hand
23,052
3,419
--------
--------
32,543
20,993
Creditors: amounts falling due within one year
6
32,022
20,905
--------
--------
Net current assets
521
88
----
----
Total assets less current liabilities
521
88
----
----
Net assets
521
88
----
----
Capital and reserves
Called up share capital
1
1
Profit and loss account
520
87
----
----
Shareholders funds
521
88
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr S Whitton
Director
Company registration number: 12921761
Menable Group Ltd
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, OX26 6QB, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
4,500
3,240
Other debtors
4,991
14,334
-------
--------
9,491
17,574
-------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,531
4,688
Social security and other taxes
6,883
3,479
Other creditors
18,608
12,738
--------
--------
32,022
20,905
--------
--------
7. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Whitton
14,334
34,000
( 43,343)
4,991
--------
--------
--------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr S Whitton
17,011
39,680
( 42,357)
14,334
--------
--------
--------
--------