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Unaudited Financial Statements |
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for the Period 1 October 2019 to 30 April 2020 |
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for |
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MBC Consulting Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 October 2019 to 30 April 2020 |
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for |
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MBC Consulting Limited |
MBC Consulting Limited (Registered number: 07637432) |
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Contents of the Financial Statements |
for the Period 1 October 2019 to 30 April 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MBC Consulting Limited |
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Company Information |
for the Period 1 October 2019 to 30 April 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
255 - 261 Horn Lane |
London |
W3 9EH |
MBC Consulting Limited (Registered number: 07637432) |
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Balance Sheet |
30 April 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Non-distributable profits | 12 |
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Retained earnings | 12 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
MBC Consulting Limited (Registered number: 07637432) |
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Balance Sheet - continued |
30 April 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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MBC Consulting Limited (Registered number: 07637432) |
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Notes to the Financial Statements |
for the Period 1 October 2019 to 30 April 2020 |
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1. | STATUTORY INFORMATION |
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MBC Consulting Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Computer equipment | - |
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Investment property |
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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MBC Consulting Limited (Registered number: 07637432) |
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Notes to the Financial Statements - continued |
for the Period 1 October 2019 to 30 April 2020 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 October 2019 |
and 30 April 2020 |
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DEPRECIATION |
At 1 October 2019 |
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Charge for period |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 September 2019 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 October 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 September 2019 |
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Fair value at 30 April 2020 is represented by: |
£ |
Valuation in 2018 | 473,000 |
Valuation in 2019 | 12,000 |
485,000 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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2020 | 2019 |
£ | £ |
Cost | 463,103 | 460,103 |
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Investment property was valued on an open market basis on 30 September 2018 by the director of the company . |
MBC Consulting Limited (Registered number: 07637432) |
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Notes to the Financial Statements - continued |
for the Period 1 October 2019 to 30 April 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
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Rent deposits | 1,990 | - |
Directors' current accounts | 178,696 | 137,552 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Tax | ( |
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Other creditors |
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Accrued expenses |
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8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans more 5 yrs non-inst | 369,115 | 369,171 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Bank loans |
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The aggregate amount of creditors for which security has been given amounted to £369,115 (2019: £369,171). Bank Loans are secured by a fixed and floating charge over the assets of the company. |
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10. | PROVISIONS FOR LIABILITIES |
2020 | 2019 |
£ | £ |
Deferred tax | 4,730 | 4,730 |
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Deferred |
tax |
£ |
Balance at 1 October 2019 |
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Balance at 30 April 2020 |
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MBC Consulting Limited (Registered number: 07637432) |
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Notes to the Financial Statements - continued |
for the Period 1 October 2019 to 30 April 2020 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | 1 | 2 | 2 |
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12. | RESERVES |
Retained | Non-distributable |
earnings | profits | Totals |
£ | £ | £ |
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At 1 October 2019 |
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376,204 |
Deficit for the period | ( |
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At 30 April 2020 |
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371,482 |
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13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 30 April 2020 and the year ended 30 September 2019: |
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2020 | 2019 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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