MPS Consultants Limited - Accounts to registrar (filleted) - small 23.2.5

MPS Consultants Limited - Accounts to registrar (filleted) - small 23.2.5

MPS CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 09487140 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

MPS Consultants Limited
MPS Consultants Limited (Registered number: 09487140)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MPS Consultants Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N H Pope
P S P Going
M J Boret





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 09487140 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA
Page 1
MPS Consultants Limited (Registered number: 09487140)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £   
CURRENT ASSETS
Debtors 5 166,170 185,581
Cash at bank 141,435 437,025
307,605 622,606
CREDITORS
Amounts falling due within one year 6 (203,673 ) (434,909 )
NET CURRENT ASSETS 103,932 187,697
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,932
187,697

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,832 187,597
SHAREHOLDERS' FUNDS 103,932 187,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:





N H Pope - Director


The notes form part of these financial statements

Page 2
MPS Consultants Limited (Registered number: 09487140)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

MPS Consultants Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

The company is part of a tax group for certain aspects of tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. No payment is made within the group for any tax benefit obtained under these arrangements.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company funds contributions to defined contribution pension schemes on behalf of employees whose costs are shown in these accounts. Contributions payable are charged to the profit and loss account in the period to which they relate.

Page 3 continued...
MPS Consultants Limited (Registered number: 09487140)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 76,438 79,006
Amounts owed by group undertakings 30,797 18,197
Other debtors 58,935 88,378
166,170 185,581

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 10,460 1,231
Amounts owed to group undertakings 190,213 318,471
Other creditors 3,000 115,207
203,673 434,909

7. ULTIMATE CONTROLLING PARTY

The immediate parent company is Marick Real Estate Limited, a company incorporated in England and Wales with a registered office at Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA. The ultimate parent company and controlling party is Marick Trustee Limited, a company incorporated in England and Wales with a registered office at Chancery House, 30 St Johns Road, Woking, Surrey, GU21 7SA. Marick Trustee Limited hold the shares in Marick Real Estate Limited as trustee for the Marick Real Estate Employee Share Ownership Trust, an employee ownership trust established in the United Kingdom for the benefit of the employees of Marick Real Estate Limited.

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