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REGISTERED NUMBER: 06915372 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

MLS Business Consultancy Limited

MLS Business Consultancy Limited (Registered number: 06915372)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MLS Business Consultancy Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G Kyte





SECRETARY:





REGISTERED OFFICE: 12 Ida Grove
Maltby
Rotherham
South Yorkshire
S66 8SB





REGISTERED NUMBER: 06915372 (England and Wales)





ACCOUNTANTS: M Ahmed & Co
Chartered Accountants
83 Park Road
Chilwell
Nottingham
NG9 4DE

MLS Business Consultancy Limited (Registered number: 06915372)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 46,789 8,211

CURRENT ASSETS
Debtors 5 6,739 6,521
Cash at bank 285,183 241,496
291,922 248,017
CREDITORS
Amounts falling due within one year 6 13,649 15,064
NET CURRENT ASSETS 278,273 232,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,062

241,164

CREDITORS
Amounts falling due after more than one
year

7

33,835

-
NET ASSETS 291,227 241,164

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 291,226 241,163
SHAREHOLDERS' FUNDS 291,227 241,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MLS Business Consultancy Limited (Registered number: 06915372)

Balance Sheet - continued
31 May 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2025 and were signed by:





G Kyte - Director


MLS Business Consultancy Limited (Registered number: 06915372)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

MLS Business Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 18% on reducing balance

Taxation
Taxation for the year comprises current tax which is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MLS Business Consultancy Limited (Registered number: 06915372)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 26,169
Additions 57,062
Disposals (22,149 )
At 31 May 2024 61,082
DEPRECIATION
At 1 June 2023 17,958
Charge for year 10,271
Eliminated on disposal (13,936 )
At 31 May 2024 14,293
NET BOOK VALUE
At 31 May 2024 46,789
At 31 May 2023 8,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Directors' loan accounts 26 -
S419 Tax 6,329 6,329
Prepayments 384 192
6,739 6,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Hire purchase contracts 4,987 -
Corporation Tax 3,397 10,788
VAT 5,265 3,651
Directors' loan accounts - 625
13,649 15,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Hire purchase contracts 33,835 -

MLS Business Consultancy Limited (Registered number: 06915372)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £ £
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£

At 1 June 2023 241,163
Profit for the year 65,563
Dividends (15,500 )
At 31 May 2024 291,226

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Kyte.