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Company Registration No. 08488131 (England and Wales)
M2M Global Solutions Ltd Unaudited accounts for the year ended 30 April 2024
M2M Global Solutions Ltd Unaudited accounts Contents
Page
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M2M Global Solutions Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
29,116 
19,369 
Cash at bank and in hand
54,586 
56,908 
83,702 
76,277 
Creditors: amounts falling due within one year
(25,459)
(17,158)
Net current assets
58,243 
59,119 
Total assets less current liabilities
58,243 
59,119 
Creditors: amounts falling due after more than one year
(21,678)
(21,678)
Net assets
36,565 
37,441 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,465 
37,341 
Shareholders' funds
36,565 
37,441 
For the year ending 30 April 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 29 April 2025 and were signed on its behalf by
Anis Barbar Director Company Registration No. 08488131
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M2M Global Solutions Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
M2M Global Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08488131. The registered office is 20-22 Wenlock Road, London, N1 7GU.
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.
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% per annum on a straight line basis
Taxation
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Government grants
The company recognises income arising from government grants using the performance model.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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M2M Global Solutions Ltd Notes to the Accounts for the year ended 30 April 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,727 
1,905 
Trade debtors
25,389 
17,464 
29,116 
19,369 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,996 
9,996 
Trade creditors
23 
23 
Taxes and social security
12,861 
4,569 
Other creditors
711 
736 
Loans from directors
243 
243 
Accruals
1,625 
1,591 
25,459 
17,158 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,678 
21,678 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Anis Barbar
Loans to director
(243)
- 
- 
(243)
(243)
- 
- 
(243)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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