M&N ACCOUNTANTS LTD

Company Registration Number:
15272298 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 09 November 2023

End date: 31 December 2024

M&N ACCOUNTANTS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

M&N ACCOUNTANTS LTD

Company Information

for the Period Ended 31 December 2024




Director: Hafiz Mazhar Hussain Jilani
Registered office: 124
City Road
London
England
EC1V 2NX
Company Registration Number: 15272298 (England and Wales)

M&N ACCOUNTANTS LTD

Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The company’s principal activity during the financial year was providing accounting and payroll services. Committed to delivering high-quality financial solutions, ensuring regulatory compliance, and supporting clients in managing their finances.

Political and charitable donations

The company did not make any political or charitable donations during the financial year.

Company policy on the employment of disabled persons

The company is committed to providing equal opportunities for all employees, including individuals with disabilities. The company ensures that reasonable adjustments are made to accommodate the needs of disabled employees and applicants, enabling them to contribute effectively to the business.

Additional information

The directors confirm that they have taken all necessary steps to ensure the company complies with applicable regulations and reporting requirements. The company remains committed to maintaining high standards of service and operational efficiency. Looking ahead, the directors are focused on sustainable growth and continued support for clients through professional accounting, bookkeeping, and payroll services.

Directors

The director(s) shown below were appointed to the company during the period
Hafiz Mazhar Hussain Jilani
09 November 2023

This report was approved by the board of directors on 21 March 2025
And Signed On Behalf Of The Board By:

Name: Hafiz Mazhar Hussain Jilani
Status: Director

M&N ACCOUNTANTS LTD

Profit and Loss Account

for the Period Ended 31 December 2024


Notes
14 months to
31 Dec 2024
£
Turnover 35,887
Cost of sales ( 21,810 )
Gross Profit or (Loss) 14,077
Income from coronavirus (COVID-19) business support grants 0
Distribution Costs ( 4,587 )
Administrative Expenses ( 2,767 )
Other operating income 0
Operating Profit or (Loss) 6,723
Interest Receivable and Similar Income 0
Interest Payable and Similar Charges ( 0 )
Profit or (Loss) Before Tax 6,723
Tax on Profit ( 1,277 )
Profit or (Loss) for Period 5,446

The notes form part of these financial statements

M&N ACCOUNTANTS LTD

Balance sheet

As at 31 December 2024


Notes
14 months to
31 Dec 2024
£
Fixed assets
Tangible assets: 4 2,285
Total fixed assets: 2,285
Current assets
Debtors: 5 1,804
Cash at bank and in hand: 10,026
Total current assets: 11,830
Creditors: amounts falling due within one year: 6 ( 601 )
Net current assets (liabilities): 11,229
Total assets less current liabilities: 13,514
Creditors: amounts falling due after more than one year: 7 ( 0 )
Provision for liabilities: ( 7,969 )
Total net assets (liabilities): 5,545

The notes form part of these financial statements

M&N ACCOUNTANTS LTD

Balance sheet continued

As at 31 December 2024


Notes
14 months to
31 Dec 2024
£
Capital and reserves
Called up share capital: 100
Profit and loss account: 5,445
Shareholders funds: 5,545

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 March 2025
And Signed On Behalf Of The Board By:

Name: Hafiz Mazhar Hussain Jilani
Status: Director

The notes form part of these financial statements

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised when the service is provided, and it is probable that economic benefits will flow to the company.

    Tangible fixed assets depreciation policy

    Fixed assets are stated at cost, net of depreciation. Depreciation is provided on a straight-line basis over the following estimated useful lives:

    Plant & Machinery Over 5 years
    Motor Vehicles Between 3 and 5 years
    Fixtures & Fittings Over 5 years
    Computer Equipment Between 3 and 5 years

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    14 months to
    31 Dec 2024
    Average number of employees during the period 4

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Office equipment Total
Cost £ £
Additions 2,285 2,285
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2024 2,285 2,285
Depreciation
Charge for year - -
On disposals - -
Other adjustments - -
At 31 December 2024 - -
Net book value
At 31 December 2024 2,285 2,285

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

14 months to
31 Dec 2024
£
Trade debtors 1,804
Total 1,804

Debtors are recognised at their recoverable amount and assessed for impairment annually.

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note

14 months to
31 Dec 2024
£
Trade creditors 601
Total 601

Creditors are recognised at their settlement value and represent amounts due within one year.

M&N ACCOUNTANTS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due after more than one year

14 months to
31 Dec 2024
£
Bank loans and overdrafts 0
Total 0

Creditors falling due after more than one year represent long-term liabilities, including loans and other obligations payable beyond 12 months from the balance sheet date. These are measured at their settlement value and include any applicable interest or repayment terms.