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Registered Number: 12376421
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

MC SQUARED BUSINESS MANAGEMENT LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 86,315  118,500 
Current assets 29,028  49,348 
Creditors: amount falling due within one year (188,863) (174,049)
Net current assets/(liabilities) (159,835) (124,701)
Total assets less current liabilities (73,520) (6,201)
Creditors: amount falling due after more than one year (60,365) (78,773)
Accrued liabilities (193) (193)
Net assets/(liabilities) (134,078) (85,167)
 
Capital and reserves (134,078) (85,167)
 
  1. For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Michael Anthony Flook
Director

Date approved: 22 July 2025
1
Statutory Information
MC SQUARED BUSINESS MANAGEMENT LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 12376421, registration address 63-65 Rickmansworth Road, Amersham, HP6 5JW, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Fixtures and Fittings25% Reducing Balance
Computer Equipment25% Reducing Balance
2.

Intangible fixed assets

Cost or Valuation   Goodwill   Total
    £   £
At 01 January 2024   29,930    29,930 
Additions    
At 31 December 2024   29,930    29,930 
Amortisation
At 01 January 2024   23,944    23,944 
Charge for year   5,986    5,986 
At 31 December 2024   29,930    29,930 
Net book values
At 31 December 2024    
At 31 December 2023   5,986    5,986 

3.

Tangible fixed assets

Cost or Valuation   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
    £   £   £   £
At 01 January 2024   109,902    164,121    9,089    283,112 
Additions   2,169      403    2,572 
At 31 December 2024   112,071    164,121    9,492    285,684 
Depreciation
At 01 January 2024   72,938    88,664    8,996    170,598 
Charge for year   9,783    18,864    124    28,771 
At 31 December 2024   82,721    107,528    9,120    199,369 
Net book values
Closing balance as at 31 December 2024   29,350    56,593    372    86,315 
Opening balance as at 01 January 2024   36,964    75,457    93    112,514 

4.

Average number of employees

Average number of employees during the year were 6 (2023: 6).
2