Company Registration No. 10659967 (England and Wales)
Mandate Consultancy Limited
Unaudited accounts
for the year ended 31 August 2019
Mandate Consultancy Limited
Unaudited accounts
Contents
Mandate Consultancy Limited
Company Information
for the year ended 31 August 2019
Director
Mr Anthony Oshilaja
Company Number
10659967 (England and Wales)
Registered Office
16 Fullers Avenue
Watford
Hertfordshire
United Kingdom
WD25 9BU
Accountants
3E'S Accountants Ltd
231 Kenton Road
Harrow
Middlesex
HA3 0HD
Mandate Consultancy Limited
Statement of financial position
as at
31 August 2019
Cash at bank and in hand
23,589
68,129
Creditors: amounts falling due within one year
(17,858)
(67,129)
Net current assets
23,071
2,260
Total assets less current liabilities
25,416
2,260
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
24,969
2,259
Shareholders' funds
24,970
2,260
For the year ending 31 August 2019 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.
Approved by the Board on 28 May 2020.
Mr Anthony Oshilaja
Director
Company Registration No. 10659967
Mandate Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2019
Mandate Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 10659967. The registered office is 16 Fullers Avenue, Watford, Hertfordshire, United Kingdom, WD25 9BU.
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.
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.
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:
Computer equipment
33% straight line basis
2018 Comparative column represents the first trading period of the business. This period relates to 18 months starting from 1st April 2017 to 31 st August 2018
Mandate Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2019
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the year
1,155
Accrued income and prepayments
143
-
Other debtors
17,197
1,260
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
17,801
23,019
Loans from directors
57
43,210
7
Deferred taxation
2019
2018
Accelerated capital allowances
446
-
Charged to the profit and loss account
446
-
Provision at end of year
446
-
8
Average number of employees
During the year the average number of employees was 2 (2018: 1).