REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
10 SEPTEMBER 2020 TO 30 SEPTEMBER 2021 |
FOR |
MULINO RM LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
10 SEPTEMBER 2020 TO 30 SEPTEMBER 2021 |
FOR |
MULINO RM LTD |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 10 September 2020 to 30 September 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MULINO RM LTD |
COMPANY INFORMATION |
for the Period 10 September 2020 to 30 September 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
STATEMENT OF FINANCIAL POSITION |
30 September 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
The directors acknowledge their 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. |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
STATEMENT OF FINANCIAL POSITION - continued |
30 September 2021 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 10 September 2020 to 30 September 2021 |
1. | STATUTORY INFORMATION |
Mulino RM Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of section 1A "Small Entities" 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 cost convention. |
The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The principle accounting policies adopted in the preparation of the financial statements are set out below. |
Turnover |
Turnover represents the amounts received or receivable for goods or services provided to customers in the year, excluding value added tax. |
Turnover is recognised when the goods/services are provided to the customer. |
Tangible fixed assets |
Government grants |
Grant income received in respect of the Coronavirus Small Business Grant Fund has been recognised in the accounting period it was received on the basis that entitlement criteria is met and it does not have any performance criteria as its purpose is to provide immediate financial support. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments. |
The following assets and liabilities are classified as financial liabilities, Directors loan accounts, trade creditors and accruals. |
Financial instruments that are payable or receivable within one year, typically Directors loan accounts, trade creditors and accruals are measured initially and subsequently at the undiscounted amount of cash or consideration that is expected to be paid or received. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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 statement of financial position date. |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 10 September 2020 to 30 September 2021 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 September 2021 |
DEPRECIATION |
Charge for period |
At 30 September 2021 |
NET BOOK VALUE |
At 30 September 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
MULINO RM LTD (REGISTERED NUMBER: 12870147) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 10 September 2020 to 30 September 2021 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
£ |
Within one year |
Between one and five years |
In more than five years |