MB CONSULTING (NORTH-EAST) LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05011428 (England and Wales)

MB CONSULTING (NORTH-EAST) LTD

Unaudited Financial Statements For The Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Dr M F Bone

Mrs R Bone

SECRETARY:

R Sayer

REGISTERED OFFICE:

137 Nursery Road

Sunderland

Tyne and Wear

SR3 1NU

REGISTERED NUMBER:

05011428 (England and Wales)

ACCOUNTANTS:

Ron Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

FIXED ASSETS

Tangible assets

4

2,541

3,095

CURRENT ASSETS

Debtors

5

120

120

Cash at bank

134,741

137,655

134,861

137,775

CREDITORS

Amounts falling due within one year

6

77,460

72,102

NET CURRENT ASSETS

57,401

65,673

TOTAL ASSETS LESS CURRENT LIABILITIES

59,942

68,768

PROVISIONS FOR LIABILITIES

8

483

588

NET ASSETS

59,459

68,180

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,359

68,080

SHAREHOLDERS' FUNDS

59,459

68,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2022 and were signed on its behalf by:

Dr M F Bone - Director

1.	STATUTORY INFORMATION

MB CONSULTING (NORTH-EAST) LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements

There were no judgements made that were significant enough to warrant disclosure.

Turnover

Turnover represents income for the sale of medical services provided and excludes VAT as the supply is exempt and the company is not VAT registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Significant estimates

There were no estimates made that were significant enough to warrant disclosure.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

5,542

8,387

13,929

DEPRECIATION

At 1 January 2021

3,506

7,328

10,834

Charge for year

204

350

554

At 31 December 2021

3,710

7,678

11,388

NET BOOK VALUE

At 31 December 2021

1,832

709

2,541

At 31 December 2020

2,036

1,059

3,095

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

120

120

Other debtors relate solely to prepayments.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

1

Taxation and social security

5,434

9,992

Other creditors

72,026

62,109

77,460

72,102

Included in other creditors are amounts owed to the Directors, this year they were owed £63,386 (£61,149 - 2020).

7.	FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

483

588

Deferred

tax

£

Balance at 1 January 2021

588

Provided during year

(105

)

Balance at 31 December 2021

483

9.	RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2021 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Ron Joyce Ltd

Chartered Certified Accountant

18 Norham Road

Whitley Bay

Tyne and Wear

NE26 2SD

16 March 2022