M AND M GLOBAL FORWARDING LIMITED

M AND M GLOBAL FORWARDING LIMITED

M AND M GLOBAL FORWARDING LIMITED - Company Information

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M AND M GLOBAL FORWARDING LIMITED

Company Registration Number:
12290800 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2022

Period of accounts

Start date: 01 November 2021

End date: 31 October 2022

M AND M GLOBAL FORWARDING LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2022

Balance sheet
Notes

M AND M GLOBAL FORWARDING LIMITED

Balance sheet

As at 31 October 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 3,472 2,576
Total fixed assets: 3,472 2,576
Current assets
Stocks: 18,324 64,723
Debtors:   420,470 247,562
Cash at bank and in hand: 124,102 100,324
Total current assets: 562,896 412,609
Net current assets (liabilities): 562,896 412,609
Total assets less current liabilities: 566,368 415,185
Creditors: amounts falling due after more than one year:   (414,645) (373,542)
Provision for liabilities: (660) (653)
Total net assets (liabilities): 151,063 40,990
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 150,963 40,890
Shareholders funds: 151,063 40,990

The notes form part of these financial statements

M AND M GLOBAL FORWARDING LIMITED

Balance sheet statements

For the year ending 31 October 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2023
and signed on behalf of the board by:

Name: Tracy Jacqueline Maddox
Status: Director

The notes form part of these financial statements

M AND M GLOBAL FORWARDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit.Computers 25.0% Reducing Balance

Other accounting policies

Deferred TaxationDeferred 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.Stock, work in progress and long-term contractsStock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is determined on a first-in. first-out basis. Cost consists of direct materials, labour and attributable overheads. Net realisable value is based on estimated selling price less any further costs of realisation.Leased AssetsRentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight-line basis over the lease termsPension CostsContributions in respect of the company's defined contribution pension scheme are charged to profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid are shown as either accruals or prepayments at the year end.

M AND M GLOBAL FORWARDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2022

2. Employees

2022 2021
Average number of employees during the period 6 3

M AND M GLOBAL FORWARDING LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible Assets

Total
Cost £
At 01 November 2021 3,435
Additions 2,054
At 31 October 2022 5,489
Depreciation
At 01 November 2021 859
Charge for year 1,158
At 31 October 2022 2,017
Net book value
At 31 October 2022 3,472
At 31 October 2021 2,576