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M2L TRAINING AND CONSULTANCY LTD

Registered Number
10956233
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

M2L TRAINING AND CONSULTANCY LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

PERRYMAN, Claire
PERRYMAN, Ian Thomas Charles

Registered Address

5 New Road
Bishops Waltham
Southampton
SO32 1FF

Registered Number

10956233 (England and Wales)
M2L TRAINING AND CONSULTANCY LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets3141,983150,502
141,983150,502
Current assets
Debtors44,58513,205
Cash at bank and in hand5,1009,017
9,68522,222
9,68522,222
151,668172,724
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital22
Profit and loss account(65,022)(40,493)
(65,020)(40,491)
Liabilities
Creditors amounts falling due within one year5183,355189,904
Creditors amounts falling due after one year613,26718,376
Provisions for liabilities7(20,066)(4,935)
151,668172,724
The financial statements were approved and authorised for issue by the Board of Directors on 8 April 2025, and are signed on its behalf by:
PERRYMAN, Claire
Director
PERRYMAN, Ian Thomas Charles
Director

Registered Company No. 10956233
M2L TRAINING AND CONSULTANCY LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Borrowing costs
Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery10
Office Equipment3.3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
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. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 October 23204,63010,291214,921
Additions39,204-39,204
Disposals(26,868)-(26,868)
At 30 September 24216,96610,291227,257
Depreciation and impairment
At 01 October 2356,9807,43964,419
Charge for year21,6971,84523,542
On disposals(2,687)-(2,687)
At 30 September 2475,9909,28485,274
Net book value
At 30 September 24140,9761,007141,983
At 30 September 23147,6502,852150,502
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-2,112
Other debtors67-
Prepayments and accrued income4,51811,093
Total4,58513,205
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables15,9261,192
Bank borrowings and overdrafts11,0934,913
Taxation and social security-349
Other creditors156,336183,450
Total183,355189,904
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,26718,376
Total13,26718,376
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)20,0664,935
Total20,0664,935