Company Registration No. 09801463 (England and Wales)
May Professional Services Limited
Filleted accounts
for the year ended 30 September 2020
May Professional Services Limited
Filleted accounts
Contents
May Professional Services Limited
Company Information
for the year ended 30 September 2020
Director
Mohamed Yunus Vhora
Company Number
09801463 (England and Wales)
Registered Office
85 Windy Ridge
Stoughton Road
Oadby
LE2 4FQ
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
May Professional Services Limited
Statement of financial position
as at 30 September 2020
Cash at bank and in hand
64,372
1,211
Creditors: amounts falling due within one year
(66,564)
(28,192)
Net current (liabilities)/assets
(2,192)
2,910
Called up share capital
100
100
Profit and loss account
3,642
2,810
Shareholders' funds
3,742
2,910
For the year ending 30 September 2020 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2021 and were signed on its behalf by
Mohamed Yunus Vhora
Director
Company Registration No. 09801463
May Professional Services Limited
Notes to the Accounts
for the year ended 30 September 2020
May Professional Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09801463. The registered office is 85 Windy Ridge, Stoughton Road, Oadby, LE2 4FQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
May Professional Services Limited
Notes to the Accounts
for the year ended 30 September 2020
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2020
7,418
At 30 September 2020
1,484
At 30 September 2020
5,934
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
24,115
27,696
Allotted, called up and fully paid:
99 A Ordinary shares of £1 each
99
99
1 B Ordinary Shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).
