MB Audio Consulting Ltd Filleted accounts for Companies House (small and micro)

MB AUDIO CONSULTING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 7723265

MB Audio Consulting Ltd

Filleted Unaudited Abridged Financial Statements

31 July 2023

MB Audio Consulting Ltd

Abridged Statement of Financial Position

31 July 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5		251	313

Current assets

Debtors	2,640	5,063
Cash at bank and in hand	5,250	12,382
	-------	--------
	7,890	17,445

Creditors: amounts falling due within one year	8,111		8,470
	-------		--------
Net current (liabilities)/assets		( 221)	8,975
		----	-------
Total assets less current liabilities		30	9,288
		----	-------
Net assets		30	9,288
		----	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	29	9,287
	----	-------
Shareholders funds	30	9,288
	----	-------

These abridged 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 abridged statement of comprehensive income has not been delivered.

For the year ending 31 July 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

MB Audio Consulting Ltd

Abridged Statement of Financial Position (continued)

31 July 2023

These abridged financial statements were approved by the board of directors and authorised for issue on 2 April 2024 , and are signed on behalf of the board by:

M Butler
Director

Company registration number: 7723265

MB Audio Consulting Ltd

Notes to the Abridged Financial Statements

Year ended 31 July 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 57a Broadway, Leigh-On-Sea, Essex, United Kingdom, SS9 1PE.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. 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 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 services supplied.

Corporation tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

	Computer equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

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

5. Tangible assets

	£
Cost
At 1 August 2022 and 31 July 2023	3,989
	-------
Depreciation
At 1 August 2022	3,676
Charge for the year	62
	-------
At 31 July 2023	3,738
	-------
Carrying amount
At 31 July 2023	251
	-------
At 31 July 2022	313
	-------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M Butler	( 23)	2,663	2,640
	----	-------	-------

	2022
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
M Butler	( 2)	( 21)	( 23)
	----	----	----

7. Related party transactions

The company was under the control of M Butler throughout the current and previous year in his capacity as managing director and majority shareholder.