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COMPANY REGISTRATION NUMBER: 04313191
Mission Excellence Limited
Filleted Unaudited Financial Statements
31 August 2024
Mission Excellence Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
2,113
2,752
Current assets
Debtors
6
61,499
357
Cash at bank and in hand
133,549
158,646
---------
---------
195,048
159,003
Creditors: amounts falling due within one year
7
47,603
32,018
---------
---------
Net current assets
147,445
126,985
---------
---------
Total assets less current liabilities
149,558
129,737
---------
---------
Net assets
149,558
129,737
---------
---------
Capital and reserves
Called up share capital
9
9
Capital redemption reserve
( 19,999)
( 19,999)
Profit and loss account
169,548
149,727
---------
---------
Shareholder funds
149,558
129,737
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mission Excellence Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 28 May 2025 , and are signed on behalf of the board by:
Mr J Hughes
Director
Company registration number: 04313191
Mission Excellence Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipments
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 September 2023 and 31 August 2024
10,793
10,793
--------
--------
Depreciation
At 1 September 2023
8,041
8,041
Charge for the year
639
639
--------
--------
At 31 August 2024
8,680
8,680
--------
--------
Carrying amount
At 31 August 2024
2,113
2,113
--------
--------
At 31 August 2023
2,752
2,752
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
32,138
4
Other debtors
29,361
353
--------
----
61,499
357
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,024
173
Corporation tax
27,112
23,110
Social security and other taxes
8,835
4,227
Other creditors
2,632
4,508
--------
--------
47,603
32,018
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Hughes
( 189)
29,347
29,158
----
--------
----
--------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Hughes
3,939
( 4,128)
( 189)
-------
----
-------
----