Registered number
10814877
MBA SECURE IT LIMITED
Unaudited Filleted Accounts
30 June 2024
MBA SECURE IT LIMITED
Registered number: 10814877
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,654 3,638
Current assets
Debtors 4 2,300 2,306
Cash at bank and in hand 12,724 -
15,024 2,306
Creditors: amounts falling due within one year 5 (18,953) (15,517)
Net current liabilities (3,929) (13,211)
Total assets less current liabilities (275) (9,573)
Creditors: amounts falling due after more than one year 6 (18,656) (21,266)
Net liabilities (18,931) (30,839)
Capital and reserves
Called up share capital 1 1
Profit and loss account (18,932) (30,840)
Shareholder's funds (18,931) (30,839)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Babatunde M Adeosun
Director
Approved by the board on 8 January 2025
MBA SECURE IT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 17,567
Additions 5,480
At 30 June 2024 23,047
Depreciation
At 1 July 2023 13,929
Charge for the year 5,464
At 30 June 2024 19,393
Net book value
At 30 June 2024 3,654
At 30 June 2023 3,638
4 Debtors 2024 2023
£ £
Other debtors 2,300 2,306
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 17
Taxation and social security costs 15,494 11,781
Other creditors 3,459 3,719
18,953 15,517
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,656 21,266
7 Controlling party
The controlling interest is held soley by the director
8 Other information
MBA SECURE IT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
HAMILTON HOUSE
4A THE AVENUE
LONDON
ENGLAND
E4 9LD
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