Company Registration No. 12088033 (England and Wales)
MA ILSA ASSOCIATES LIMITED
Unaudited accounts
for the year ended 31 July 2024
MA ILSA ASSOCIATES LIMITED
Unaudited accounts
Contents
MA ILSA ASSOCIATES LIMITED
Company Information
for the year ended 31 July 2024
Company Number
12088033 (England and Wales)
Registered Office
66 RONALDSWAY
PRESTON
LANCASHIRE
PR1 6EQ
Accountants
SAM & CO FINANCIAL ACCOUNTANT
300
PLATT LANE
Manchester
Greater Manchester
M14 7BZ
MA ILSA ASSOCIATES LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
13,047
16,073
Cash at bank and in hand
3,250
1,856
Creditors: amounts falling due within one year
(3,040)
(4,715)
Net current assets
6,692
7,995
Total assets less current liabilities
19,739
24,068
Creditors: amounts falling due after more than one year
(24,382)
(27,610)
Net liabilities
(4,643)
(3,542)
Profit and loss account
(4,644)
(3,543)
Shareholders' funds
(4,643)
(3,542)
For the year ending 31 July 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 28 April 2025 and were signed on its behalf by
MUHAMMAD ZAHID
Director
Company Registration No. 12088033
MA ILSA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
MA ILSA ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12088033. The registered office is 66 RONALDSWAY, PRESTON, LANCASHIRE, PR1 6EQ.
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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.
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
18,000
19,000
37,000
At 31 July 2024
18,000
19,000
37,000
At 1 August 2023
12,305
8,622
20,927
Charge for the year
1,424
1,602
3,026
At 31 July 2024
13,729
10,224
23,953
At 31 July 2024
4,271
8,776
13,047
At 31 July 2023
5,695
10,378
16,073
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,040
4,715
MA ILSA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
11,879
10,754
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Average number of employees
During the year the average number of employees was 2 (2023: 2).