Registered Number:NI611416 |
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
For the year ended 29 February 2024
MLS Mortgages Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
MLS Mortgages Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
18,374
22,250
2
18,374
22,250
Trade and other receivables |
72,561
73,387
3
393,613
Cash and cash equivalents |
431,490
504,877
466,174
Trade and other payables: amounts falling due within one |
year |
(90,891)
(131,211)
4
375,283
373,666
Net current assets
Total assets less current liabilities |
392,040
397,533
392,040
Net assets
397,533
18
18
70
60
391,952
397,455
392,040
397,533
Shareholders' funds
For the year ended 29 February 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 ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 26 November 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 29 February 2024
MLS Mortgages Limited
Notes to the Financial Statements
Statutory Information
MLS Mortgages Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration |
number NI611416. |
52 Church Place
Lurgan
Armagh
BT66 6HD
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
2. Property, plant and equipment |
43,151
717
43,868
Provision for depreciation and impairment |
20,901
Charge for year
4,593
25,494
18,374
22,250
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For the year ended 29 February 2024
MLS Mortgages Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2023
2024
13,387
12,561
60,000
60,000
72,561
73,387
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
64,537
39,612
66,674
51,279
131,211
90,891
5. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 5)
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