Minutes Forward Ltd Filleted accounts for Companies House (small and micro)

MINUTES FORWARD LTD - Company Information

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COMPANY REGISTRATION NUMBER: 13262594

Minutes Forward Ltd

Filleted Unaudited Financial Statements

30 June 2023

Minutes Forward Ltd

Financial Statements

Year ended 30 June 2023

Contents	Page

Officers and professional advisers	1

Report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Minutes Forward Ltd

Officers and Professional Advisers

Director	R E Williams

Registered office	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Accountant	Baulf-James
	Chartered accountants
	17-19 Station Road West
	Oxted
	Surrey
	RH8 9EE

Minutes Forward Ltd

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Minutes Forward Ltd

Year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Minutes Forward Ltd for the year ended 30 June 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given me. As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Minutes Forward Ltd in accordance with the terms of my engagement letter dated 13 April 2021. My work has been undertaken solely to prepare for your approval the financial statements of Minutes Forward Ltd and state those matters that I have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Minutes Forward Ltd and its director for my work or for this report.

It is your duty to ensure that Minutes Forward Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Minutes Forward Ltd. You consider that Minutes Forward Ltd is exempt from the statutory audit requirement for the year. I have not been instructed to carry out an audit or a review of the financial statements of Minutes Forward Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Baulf-James Chartered accountants

17-19 Station Road West Oxted Surrey RH8 9EE

21 November 2023

Minutes Forward Ltd

Statement of Financial Position

30 June 2023

	2023	2022
Note	£	£

Fixed assets

Tangible assets	4	6,313	3,639

Current assets

Debtors	5	8,825	5,178
Cash at bank and in hand		61,867	50,418
		--------	--------
		70,692	55,596

Creditors: amounts falling due within one year	6	19,412	17,410
		--------	--------
Net current assets		51,280	38,186
		--------	--------
Total assets less current liabilities		57,593	41,825
		--------	--------
Net assets		57,593	41,825
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	57,493	41,725
	--------	--------
Shareholders funds	57,593	41,825
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Minutes Forward Ltd

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 21 November 2023 , and are signed on behalf of the board by:

R E Williams
Director

Company registration number: 13262594

Minutes Forward Ltd

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17-19 Station Road West, Oxted, Surrey, RH8 9EE.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

3. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).

4. Tangible assets

	Equipment
	£
Cost
At 1 July 2022	5,459
Additions	6,301
Disposals	( 1,650)
	--------
At 30 June 2023	10,110
	--------
Depreciation
At 1 July 2022	1,820
Charge for the year	2,528
Disposals	( 551)
	--------
At 30 June 2023	3,797
	--------
Carrying amount
At 30 June 2023	6,313
	--------
At 30 June 2022	3,639
	--------

5. Debtors

	2023	2022
	£	£
Trade debtors	8,413	4,837
Other debtors	412	341
	-------	-------
	8,825	5,178
	-------	-------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Corporation tax	8,453	10,474
Social security and other taxes	3,232	–
Other creditors	7,727	6,936
	--------	--------
	19,412	17,410
	--------	--------