Company registration number 08582352 (England and Wales)
MSFP CONSULTING AND INVESTMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
MSFP CONSULTING AND INVESTMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MSFP CONSULTING AND INVESTMENT LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
130,559
132,877
Current assets
Debtors
4
10,200
-
0
Cash at bank and in hand
183,392
96,609
193,592
96,609
Creditors: amounts falling due within one year
5
(27,803)
(10,453)
Net current assets
165,789
86,156
Net assets
296,348
219,033
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
7
296,346
219,031
Total equity
296,348
219,033

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 November 2024 and are signed on its behalf by:
P Hyde
Director
Company registration number 08582352 (England and Wales)
MSFP CONSULTING AND INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

MSFP Consulting and Investment Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Streets Whittle & Partners LLP, The Old Exchange, 64 West Stockwell Street, Colchester, Essex, CO1 1HE. The business address is 14 Fitzwalter Road, Colchester, CO3 3SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services.

1.3
Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

 

Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt.

 

Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.

 

Investments are held at fair value at the balance sheet date, with gains and losses being recognised within profit and loss.

 

Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.5
Taxation

The tax expense represents the sum of the tax currently payable or repayable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MSFP CONSULTING AND INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Other investments other than loans
130,559
132,877
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2023
132,877
Additions
4,754
Valuation changes
(7,072)
At 30 June 2024
130,559
Carrying amount
At 30 June 2024
130,559
At 30 June 2023
132,877
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,200
-
0
MSFP CONSULTING AND INVESTMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
23,873
9,168
Other taxation and social security
1,177
-
0
Other creditors
2,753
1,285
27,803
10,453
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
7
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
219,031
169,694
Profit for the year
77,315
49,337
At the end of the year
296,346
219,031

Included within profit and loss reserves are non-distributable profits, as set out below:

2024
2023
£
£
Non-distributable profits included above
At the beginning of the year
19,874
-
Non distributable profits in the year
(7,072)
3,780
Transfer of non-distributable profits relating to prior periods
717
16,094
At the end of the year
13,519
19,874
Distributable profits
282,827
199,157
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