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Company Registration No. 13312448 (England and Wales)
MAB SECURITIES LTD Unaudited accounts for the year ended 30 April 2024
MAB SECURITIES LTD Unaudited accounts Contents
Page
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MAB SECURITIES LTD Company Information for the year ended 30 April 2024
Director
Mishari Al-Bader
Company Number
13312448 (England and Wales)
Registered Office
1 Chevening Road London NW6 6DB United Kingdom
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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MAB SECURITIES LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
174,366 
199,275 
Tangible assets
3,475 
1,300 
177,841 
200,575 
Current assets
Debtors
283,081 
34,561 
Cash at bank and in hand
115,452 
456,305 
398,533 
490,866 
Creditors: amounts falling due within one year
(116,017)
(131,769)
Net current assets
282,516 
359,097 
Net assets
460,357 
559,672 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
460,257 
559,572 
Shareholders' funds
460,357 
559,672 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 24 January 2025 and were signed on its behalf by
Mishari Al-Bader Director Company Registration No. 13312448
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MAB SECURITIES LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
MAB SECURITIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13312448. The registered office is 1 Chevening Road, London, NW6 6DB, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
20% Straight line method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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MAB SECURITIES LTD Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
249,093 
At 30 April 2024
249,093 
Amortisation
At 1 May 2023
49,818 
Charge for the year
24,909 
At 30 April 2024
74,727 
Net book value
At 30 April 2024
174,366 
At 30 April 2023
199,275 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
1,696 
Additions
2,646 
At 30 April 2024
4,342 
Depreciation
At 1 May 2023
396 
Charge for the year
471 
At 30 April 2024
867 
Net book value
At 30 April 2024
3,475 
At 30 April 2023
1,300 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
22,561 
Other debtors
283,081 
12,000 
283,081 
34,561 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
115,930 
95,358 
Loans from directors
87 
36,411 
116,017 
131,769 
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MAB SECURITIES LTD Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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