Registered number
08498719
MA Financial Consultancy Limited
Filleted Accounts
30 April 2024
MA Financial Consultancy Limited
Registered number: 08498719
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,224 4,089
Investments 4 273,369 273,369
278,593 277,458
Current assets
Debtors 5 24,500 53,503
Cash at bank and in hand 10,206 7,261
34,706 60,764
Creditors: amounts falling due within one year 6 (178,257) (221,879)
Net current liabilities (143,551) (161,115)
Total assets less current liabilities 135,042 116,343
Creditors: amounts falling due after more than one year 7 (20,906) (17,971)
Net assets 114,136 98,372
Capital and reserves
Called up share capital 51,000 51,000
Profit and loss account 63,136 47,372
Shareholder's funds 114,136 98,372
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.
M Anumolu
Director
Approved by the board on 3 April 2025
MA Financial Consultancy Limited
Notes to the Accounts
for the year ended 30 April 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 rendering of services. 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:
Fixtures, fittings, tools and equipment 25% Per annum
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 46,003
Additions 2,876
At 30 April 2024 48,879
Depreciation
At 1 May 2023 41,914
Charge for the year 1,741
At 30 April 2024 43,655
Net book value
At 30 April 2024 5,224
At 30 April 2023 4,089
4 Investments
Other
investments
£
Cost
At 1 May 2023 273,369
At 30 April 2024 273,369
5 Debtors 2024 2023
£ £
Amounts owed by connecting companies 24,500 24,500
Other debtors - 29,003
24,500 53,503
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,500 34,200
Taxation and social security costs 131,421 165,443
Other creditors 38,336 22,236
178,257 221,879
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,906 17,971
8 Other information
MA Financial Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor
Building 2, Croxley Business Park
Watford
WD18 8YA
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