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Registered number: 05733296
Ministry of Experience Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Elevate Professional Ltd T/A Elevate Accountancy
Unit 5 Marlborough Road
Wrexham Industrial Estate
Wrexham
LL13 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05733296
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,621 59,430
55,621 59,430
CURRENT ASSETS
Debtors 5 - 323
Cash at bank and in hand 256,193 247,359
256,193 247,682
Creditors: Amounts Falling Due Within One Year 6 (67,554 ) (68,556 )
NET CURRENT ASSETS (LIABILITIES) 188,639 179,126
TOTAL ASSETS LESS CURRENT LIABILITIES 244,260 238,556
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (659 ) (1,100 )
NET ASSETS 243,601 237,456
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 242,601 236,456
SHAREHOLDERS' FUNDS 243,601 237,456
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C Leiper
Director
31/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ministry of Experience Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05733296 . The registered office is 26 Aits View, Victoria Avenue, West Molesey, Surrey, KT8 1TL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 3% on cost (straight line)
Plant & Machinery 25% on reducing balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 68,112 22,801 90,913
As at 31 March 2025 68,112 22,801 90,913
Depreciation
As at 1 April 2024 13,083 18,400 31,483
Provided during the period 2,043 1,766 3,809
As at 31 March 2025 15,126 20,166 35,292
Net Book Value
As at 31 March 2025 52,986 2,635 55,621
As at 1 April 2024 55,029 4,401 59,430
5. Debtors
2025 2024
£ £
Due within one year
Corporation tax recoverable assets - 323
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 64,629 67,874
Taxation and social security 2,925 682
67,554 68,556
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 659 1,100
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 4