MA VENTURES LIMITED

MA VENTURES LIMITED

MA VENTURES LIMITED - Company Information

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MA VENTURES LIMITED

Company Registration Number:
SC404927 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

MA VENTURES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

MA VENTURES LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 201,863 139,188
Total fixed assets: 201,863 139,188
Current assets
Stocks: 38,872 113,688
Debtors: 4 140,061 175,873
Cash at bank and in hand: 71,104 112,350
Total current assets: 250,037 401,911
Creditors: amounts falling due within one year: 5 (89,838) (195,397)
Net current assets (liabilities): 160,199 206,514
Total assets less current liabilities: 362,062 345,702
Creditors: amounts falling due after more than one year: 6 (186,239) (202,195)
Total net assets (liabilities): 175,823 143,507
Capital and reserves
Called up share capital: 100 100
Share premium account: 54,226
Profit and loss account: 121,497 143,407
Shareholders funds: 175,823 143,507

The notes form part of these financial statements

MA VENTURES LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 September 2022
and signed on behalf of the board by:

Name: Mr Armstrong
Status: Director

The notes form part of these financial statements

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 16 16

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 276,933
Additions 220,988
At 31 December 2021 497,921
Amortisation
At 01 January 2021 137,745
Charge for year 79,768
Other adjustments 78,545
At 31 December 2021 296,058
Net book value
At 31 December 2021 201,863
At 31 December 2020 139,188

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 140,061 175,873

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

Loans £45,004Other Taxes £44,834

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Creditors: amounts falling due after more than one year note

Trade Creditors £25,088Other creditors £161,151

MA VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

7. Related party transactions

The company was under the control of Mr Armstrong throughout the current and previous year.