Registered number
04429039
Mu Solutions Limited
Unaudited Filleted Accounts
31 May 2024
Mu Solutions Limited
Registered number: 04429039
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 55,000 69,671
Current assets
Cash at bank and in hand 4,477 1,619
Creditors: amounts falling due within one year 4 (16,961) (13,395)
Net current liabilities (12,484) (11,776)
Net assets 42,516 57,895
Capital and reserves
Called up share capital 1 1
Profit and loss account 42,515 57,894
Shareholder's funds 42,516 57,895
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered 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.
Mr U Obhrai
Director
Approved by the board on 8 November 2024
Mu Solutions Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 June 2023 69,671
Disposals (14,671)
At 31 May 2024 55,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 301 225
Other creditors 16,660 13,170
16,961 13,395
5 Controlling party
The company is controlled by the director by viirtue of his shareholding.
6 Other information
Mu Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Erroll Road
Romford
Essex
RM1 3DJ
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