Massi Consultancy Limited
|
Registered Number
:
11667502
|
For the year ended 30 November 2020
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2020
Massi Consultancy Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Massi Consultancy Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
2,095
-
2
2,095
-
Trade and other receivables
|
-
47,108
3
21,444
Cash and cash equivalents
|
12,425
59,533
21,444
Trade and other payables
:
amounts falling due within one year
|
(21,293)
(60,718)
4
151
(1,185)
Net current liabilities
Total assets less current liabilities
|
910
151
(398)
-
Provisions for liabilities
|
512
Net assets
151
2
2
510
149
512
151
Shareholders' funds
For the year ended 30 November 2020 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 of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 03 February 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 November 2020
Massi Consultancy Limited
Notes to the Financial Statements
Statutory Information
Massi Consultancy Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
11667502
.
|
12 High Street
Cottingham
Market Harborough
Leic
LE16 8XL
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the Companies Act
2006
.
The
|
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
|
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Furniture and Fittings
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.
|
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 30 November 2020
Massi Consultancy Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,127
3,127
Provision for depreciation and impairment
|
Charge for year
1,032
1,032
2,095
3
.
Trade and other receivables
|
2019
2020
Amounts owed by group undertakings and participating interests
|
46,000
-
1,108
-
-
47,108
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
12,195
9,829
Taxation and social security
|
42,062
2,195
Accruals and deferred income
|
3,000
2,500
Directors
'
loan accounts
|
3,021
6,741
440
28
60,718
21,293
5
.
Related party transactions
|
Dividends of were paid in the year under review as follows
:-
|
M C Sanderson
(
to
31
.
5
.
20
)
|
Massi Holdings Ltd
(
from
1
.
6
.
20
)
|
3 of 4
For the year ended 30 November 2020
Massi Consultancy Limited
Notes to the Financial Statements Continued
6
.
Guarantees and other financial commitments
|
Capital commitments
There were no commitments for future capital expenditure at the balance sheet date.
No post balance sheet events have occurred since 30 November 2020, which require reporting or disclosing in the accounts.
8
.
Average number of persons employed
|
During the year the average number of employees (including director) was 2 (2019 : 1)
9
.
Parent
-
subsidary relationship
|
The company is a wholly owned subsidary of Massi Holdings Limited.
4 of 4