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Company Registration No. 07824195 (England and Wales)
Mab Project Solutions Ltd Unaudited accounts for the year ended 31 October 2024
Mab Project Solutions Ltd Unaudited accounts Contents
Page
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Mab Project Solutions Ltd Company Information for the year ended 31 October 2024
Director
Mark Andrew Beyer
Secretary
Melissa Beyer
Company Number
07824195 (England and Wales)
Registered Office
160 MANCHESTER ROAD BARNOLDSWICK LANCASHIRE BB18 5HQ
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Mab Project Solutions Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,030 
- 
Current assets
Debtors
16 
10,936 
Cash at bank and in hand
147,473 
107,678 
147,489 
118,614 
Creditors: amounts falling due within one year
(22,669)
(25,957)
Net current assets
124,820 
92,657 
Net assets
125,850 
92,657 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
125,848 
92,655 
Shareholders' funds
125,850 
92,657 
For the year ending 31 October 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 19 March 2025 and were signed on its behalf by
Mark Andrew Beyer Director Company Registration No. 07824195
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Mab Project Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Mab Project Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07824195. The registered office is 160 MANCHESTER ROAD, BARNOLDSWICK, LANCASHIRE, BB18 5HQ.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Fixtures & fittings
25% Reducing balance
Computer equipment
3yr Straight line
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Mab Project Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
- 
- 
- 
Additions
190 
973 
1,163 
At 31 October 2024
190 
973 
1,163 
Depreciation
Charge for the year
32 
101 
133 
At 31 October 2024
32 
101 
133 
Net book value
At 31 October 2024
158 
872 
1,030 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
10,920 
Other debtors
16 
16 
16 
10,936 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,168 
5,957 
Taxes and social security
15,403 
17,172 
Other creditors
- 
683 
Loans from directors
98 
2,145 
22,669 
25,957 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 A Ordinary of £1 each
1 
1 
1 B Ordinary of £1 each
1 
1 
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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