Company Registration No. 07926604 (England and Wales)
Mqsp Limited
Unaudited accounts
for the year ended 31 March 2024
Mqsp Limited
Unaudited accounts
Contents
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
Mqsp Limited
Statement of financial position
as at 31 March 2024
Tangible assets
14,225
4,291
Cash at bank and in hand
59,793
48,265
Creditors: amounts falling due within one year
(43,919)
(22,850)
Net current assets
36,615
46,336
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
Mqsp Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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)
At 31 March 2024
-
-
14,225
14,225
At 31 March 2023
-
-
4,291
4,291
Amounts falling due within one year
Trade debtors
20,741
20,921
Mqsp Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,102
7,462
Loans from directors
32,267
7,770
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).