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Company Registration No. 07926604 (England and Wales)
Mqsp Limited Unaudited accounts for the year ended 31 March 2024
Mqsp Limited Unaudited accounts Contents
Page
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Mqsp Limited Company Information for the year ended 31 March 2024
Directors
Abimbola Bisiriyu Andrew Bisiriyu
Company Number
07926604 (England and Wales)
Registered Office
12 Balata way BASINGSTOKE Hampshire RG24 9YP GB
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Mqsp Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,225 
4,291 
Current assets
Debtors
20,741 
20,921 
Cash at bank and in hand
59,793 
48,265 
80,534 
69,186 
Creditors: amounts falling due within one year
(43,919)
(22,850)
Net current assets
36,615 
46,336 
Net assets
50,840 
50,627 
Capital and reserves
Called up share capital
21,000 
21,000 
Profit and loss account
29,840 
29,627 
Shareholders' funds
50,840 
50,627 
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2024 and were signed on its behalf by
Andrew Bisiriyu Director Company Registration No. 07926604
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Mqsp Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Mqsp Limited is a private company, limited by shares, registered in England and Wales, registration number 07926604. The registered office is 12, Balata way , BASINGSTOKE, Hampshire, RG24 9YP, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
- 
700 
18,384 
19,084 
Additions
- 
- 
10,380 
10,380 
Disposals
(15,773)
- 
- 
(15,773)
At 31 March 2024
(15,773)
700 
28,764 
13,691 
Depreciation
At 1 April 2023
- 
700 
14,093 
14,793 
Charge for the year
- 
- 
446 
446 
On disposals
(15,773)
- 
- 
(15,773)
At 31 March 2024
(15,773)
700 
14,539 
(534)
Net book value
At 31 March 2024
- 
- 
14,225 
14,225 
At 31 March 2023
- 
- 
4,291 
4,291 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,741 
20,921 
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Mqsp Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,550 
7,618 
Taxes and social security
7,102 
7,462 
Loans from directors
32,267 
7,770 
43,919 
22,850 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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