Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-3112023-06-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05851293 2023-06-01 2024-10-31 05851293 2022-06-01 2023-05-31 05851293 2024-10-31 05851293 2023-05-31 05851293 c:Director1 2023-06-01 2024-10-31 05851293 d:Buildings 2023-06-01 2024-10-31 05851293 d:Buildings 2024-10-31 05851293 d:Buildings 2023-05-31 05851293 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-10-31 05851293 d:MotorVehicles 2023-06-01 2024-10-31 05851293 d:MotorVehicles 2024-10-31 05851293 d:MotorVehicles 2023-05-31 05851293 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-10-31 05851293 d:OfficeEquipment 2023-06-01 2024-10-31 05851293 d:OfficeEquipment 2024-10-31 05851293 d:OfficeEquipment 2023-05-31 05851293 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-10-31 05851293 d:OwnedOrFreeholdAssets 2023-06-01 2024-10-31 05851293 d:CurrentFinancialInstruments 2024-10-31 05851293 d:CurrentFinancialInstruments 2023-05-31 05851293 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 05851293 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05851293 d:ShareCapital 2024-10-31 05851293 d:ShareCapital 2023-05-31 05851293 d:RetainedEarningsAccumulatedLosses 2024-10-31 05851293 d:RetainedEarningsAccumulatedLosses 2023-05-31 05851293 c:FRS102 2023-06-01 2024-10-31 05851293 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-10-31 05851293 c:FullAccounts 2023-06-01 2024-10-31 05851293 c:PrivateLimitedCompanyLtd 2023-06-01 2024-10-31 05851293 e:PoundSterling 2023-06-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 05851293









MB ASSURED CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
MB ASSURED CONSULTING LIMITED
REGISTERED NUMBER: 05851293

BALANCE SHEET
AS AT 31 OCTOBER 2024

31 October
31 May
2024
2023
                                                                         Note
£
£

Fixed assets
  

Tangible assets
 4 
50,552
57,433

Current assets
  

Debtors
 5 
506,406
336,149

Cash at bank and in hand
  
48
31,505

  
506,454
367,654

Creditors: amounts falling due within one year
 6 
(138,606)
(104,103)

Net current assets
  
 
 
367,848
 
 
263,551

Total assets less current liabilities
  
418,400
320,984

  

Net assets
  
418,400
320,984


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
418,390
320,974

  
418,400
320,984


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
MB ASSURED CONSULTING LIMITED
REGISTERED NUMBER: 05851293
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 July 2025.


O A Awoyemi
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MB ASSURED CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

MB Assured Consulting Ltd ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 
The accounting reporting date was extended from May 2024 to October 2024 to align with a connected company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company's financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MB ASSURED CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following annual bases:

Leasehold improvements
-
25%
reducing balance
Motor vehicles
-
10%
straight line
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.



 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 4

 
MB ASSURED CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Tangible fixed assets







Leasehold improvements
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 June 2023
12,553
56,090
9,721
78,364



At 31 October 2024

12,553
56,090
9,721
78,364



Depreciation


At 1 June 2023
12,553
3,739
4,639
20,931


Charge for the period on owned assets
-
5,609
1,272
6,881



At 31 October 2024

12,553
9,348
5,911
27,812



Net book value



At 31 October 2024
-
46,742
3,810
50,552



At 31 May 2023
-
52,351
5,082
57,433

Page 5

 
MB ASSURED CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

5.


Debtors

31 October
31 May
2024
2023
£
£


Trade debtors
23,847
35,507

Amounts owed by connected entities
482,557
300,476

Other debtors
2
166

506,406
336,149



6.


Creditors: Amounts falling due within one year

31 October
31 May
2024
2023
£
£

Trade creditors
1,152
260

Corporation tax
57,003
23,902

Other taxation and social security
12,180
7,899

Other creditors
66,138
68,742

Accruals and deferred income
2,133
3,300

138,606
104,103



7.


Related party transactions

At the period end, the Company owed the director £50,658 (2023 - £68,742).

 
Page 6