MARTINGALE_CONSULTING_LIM - Accounts

During the year ended 30 April 2020 the company advanced £13,704 to the director, Mr P Negretti (2019: £16,550). The amount outstanding as due to the company at the year end was £30,998 (2019: £16,662).

Interest of £632 (2019: £112) was charged on the overdrawn loan balance using the HMRC official rate of interest of 2.5% and is included in the balance outstanding.

The average number of persons, including directors, employed by the company during the year was as follows:

On 11 March 2020 the World Health Organisation declared Covid-19 a global pandemic. The director has considered the impact of the Coronavirus pandemic on the company’s continuing operations and although the full extent is still unknown, he remains of the opinion that the working capital available as at 30 April 2020, which is reviewed on a regular basis, together with his continued support, will be sufficient to enable the company to continue operating for at least the 12 months from the signing of these accounts. He has therefore concluded that the accounts should continue to be prepared on the going concern basis.

Martingale Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 106 Pennine Drive, London, United Kingdom, NW2 1NP.

For the year ended 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.