Company No: 02203362 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Robert Hamill
	Mr Donald Porter

SECRETARY

Mr Robert Hamill

REGISTERED OFFICE	Winslow House Ashurst Park
	Church Lane Sunninghill
	Ascot
	SL5 7ED
	United Kingdom

COMPANY NUMBER

02203362 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,455		1,310
Investments	4	100		100
		1,555		1,410
Current assets
Debtors	5	376,835		124,398
Cash at bank and in hand	6	96,356		10
		473,191		124,408
Creditors: amounts falling due within one year	7	( 263,367)		( 115,024)
Net current assets		209,824		9,384
Total assets less current liabilities		211,379		10,794
Creditors: amounts falling due after more than one year	8	( 6,667)		( 50,000)
Net assets/(liabilities)		204,712		( 39,206)
Capital and reserves
Called-up share capital	9	168,750		168,750
Profit and loss account		35,962		( 207,956 )
Total shareholders' funds/(deficit)		204,712		( 39,206)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Managing the Service Business Limited (registered number: 02203362) were approved and authorised for issue by the Board of Directors on 11 September 2025. They were signed on its behalf by:

Mr Robert Hamill Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Managing the Service Business Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Winslow House Ashurst Park, Church Lane Sunninghill, Ascot, SL5 7ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	4 years straight line
	15 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		5

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	104,164		104,164
Additions	684		684
Disposals	( 100,489)		( 100,489)
At 31 March 2025	4,359		4,359
Accumulated depreciation
At 01 April 2024	102,854		102,854
Charge for the financial year	539		539
Disposals	( 100,489)		( 100,489)
At 31 March 2025	2,904		2,904
Net book value
At 31 March 2025	1,455		1,455
At 31 March 2024	1,310		1,310

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	100		100
At 31 March 2025	100		100
Carrying value at 31 March 2025	100		100
Carrying value at 31 March 2024	100		100

5. Debtors

	2025		2024
	£		£
Trade debtors	321,390		102,740
Other debtors	55,445		21,658
	376,835		124,398

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	96,356		10
Less: Bank overdrafts	0		( 12,510)
	96,356		(12,500)

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	40,000		52,510
Trade creditors	123,499		22,897
Taxation and social security	78,831		4,185
Other creditors	21,037		35,432
	263,367		115,024

There are no amounts included above in respect of which any security has been given by the small entity.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	6,667		50,000

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
75,000 Class A ordinary shares of £ 1.00 each	75,000		75,000
75,000 Class B ordinary shares of £ 1.00 each	75,000		75,000
18,750 Class C ordinary shares of £ 1.00 each	18,750		18,750
	168,750		168,750

10. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Finance leases entered into	25,090		33,328

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by directors	23,490		1,272

Other related party transactions

	2025		2024
	£		£
At the year end outstanding from Leading Change Consultancy WLL, a company which the directors have set up in Bahrain	0		91,519

The directors have personally guaranteed the company's bank loan and overdraft facilities with the respective providers.