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Registered Number: 05510593
England and Wales

 

 

 

THE MAASAI CONSULTANCY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Directors Matthew Greenwood
James Munn
Registered Number 05510593
Registered Office Kings house
54a Queen street
Henley-On-Thames
Oxfordshire
RG9 1AP
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 March 2024
Principal activities
The companys principal activity during the year was the sale of marketing services.
Directors
The directors who served the company throughout the year were as follows:
Matthew Greenwood
James Munn

This report was approved by the board and signed on its behalf by:


----------------------------------
James Munn
Director

Date approved: 12 August 2024
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Maasai Consultancy Limited for the year ended 31 March 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Maasai Consultancy Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Maasai Consultancy Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of The Maasai Consultancy Limited and state those matters that we have agreed to state to the Board of Directors of The Maasai Consultancy Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Maasai Consultancy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Maasai Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Maasai Consultancy Limited . You consider that The Maasai Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Maasai Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the period ended 31 March 2024.


Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
12 August 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 9,077    10,957 
Investments 4 878   
9,955    10,957 
Current assets      
Debtors 5 129,661    260,759 
Cash at bank and in hand 353,784    251,195 
483,445    511,954 
Creditors: amount falling due within one year 6 (272,426)   (329,024)
Net current assets 211,019    182,930 
 
Total assets less current liabilities 220,974    193,887 
Accruals and deferred income (149,250)   (111,087)
Provisions for liabilities 7 (2,269)  
Net assets 69,455    82,800 
 

Capital and reserves
     
Called up share capital 8 21    21 
Share premium account 9 49,996    49,996 
Profit and loss account 19,438    32,783 
Shareholders' funds 69,455    82,800 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 12 August 2024 and were signed on its behalf by:


-------------------------------
James Munn
Director
4
  Equity share capital   Equity share premium   Retained Earnings   Total
£ £ £ £
At 01 January 2022 21  49,996  9,332  59,349 
Profit for the year 98,451  98,451 
Total comprehensive income for the year 98,451  98,451 
Dividends (75,000) (75,000)
Total investments by and distributions to owners (75,000) (75,000)
At 31 March 2023 21  49,996  32,783  82,800 
At 01 April 2023 21  49,996  32,783  82,800 
Profit for the year 86,655  86,655 
Total comprehensive income for the year 86,655  86,655 
Dividends (100,000) (100,000)
Total investments by and distributions to owners (100,000) (100,000)
At 31 March 2024 21  49,996  19,438  69,455 
5
General Information
The Maasai Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 05510593, registration address Kings house, 54a Queen street, Henley-On-Thames, Oxfordshire, RG9 1AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, 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:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 10 Straight Line
Computer Equipment 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 9 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 21,803    5,187    14,568    41,558 
Additions     2,583    2,583 
Disposals      
At 31 March 2024 21,803    5,187    17,151    44,141 
Depreciation
At 01 April 2023 21,803    648    8,150    30,601 
Charge for year   519    3,944    4,463 
On disposals      
At 31 March 2024 21,803    1,167    12,094    35,064 
Net book values
Closing balance as at 31 March 2024   4,020    5,057    9,077 
Opening balance as at 01 April 2023   4,539    6,418    10,957 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 April 2023  
Additions 878    878 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 878    878 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 128,283    253,429 
Other Debtors 1,378    7,330 
129,661    260,759 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 117,539    162,823 
Taxation and Social Security 39,674    17,816 
Other Creditors 115,213    148,385 
272,426    329,024 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 2,269   
2,269   

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1,720 Class A shares of £0.01 each 17    17 
430 Class B shares of £0.01 each  
22    22 

9.

Share premium account

2024
£
  2023
£
Equity Share Premium b/fwd 49,996    49,996 
49,996    49,996 

6