Registered number
13687120
MULBERRY GROUNDS CONTRACTORS LTD
Financial Accounts
For the Period 19 October 2021 to
31 October 2022
MULBERRY GROUNDS CONTRACTORS LTD
Company Information
Directors
J.Langton
K.Langton
Accountants
RJT Accountancy Limited
4 Woodridge Avenue
Allesley Green
Coventry
CV5 7PN
Bankers
Monzo Bank Limited
Broadwalk House
5 Appold Street
London
ECA 2AG
Registered office
Suite G04
1 Quality Court
Chancery Lane
London
WC2A 1HR
Registered number
13687120
MULBERRY GROUNDS CONTRACTORS LTD
Registered number: 13687120
Balance Sheet
as at 31 October 2022
Notes 2022
£
Fixed assets
Tangible assets 3 72,000
Current assets
Debtors 4 36,254
Cash at bank and in hand 9,135
45,389
Creditors: amounts falling due within one year 5 (45,107)
Net current assets 282
Total assets less current liabilities 72,282
Creditors: amounts falling due after more than one year 6 (40,694)
Provisions for liabilities (9,111)
Net assets 22,477
Capital and reserves
Called up share capital 2
Profit and loss account 22,475
Shareholders' funds 22,477
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The director' report and profit and loss account have not been delivered to the Registrar of Companies.
J.Langton
Director
Approved by the board on 5 October 2023
MULBERRY GROUNDS CONTRACTORS LTD
Notes to the Accounts
for the period from 19 October 2021 to 31 October 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102- Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services which is recognised upon completion of each assignment.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% on reducing balance
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 7,943 115,406 123,349
Disposals - (45,127) (45,127)
At 31 October 2022 7,943 70,279 78,222
Depreciation
Charge for the period 1,718 4,504 6,222
At 31 October 2022 1,718 4,504 6,222
Net book value
At 31 October 2022 6,225 65,775 72,000
4 Debtors 2022
£
Trade debtors 36,254
5 Creditors: amounts falling due within one year 2022
£
Obligations under finance lease and hire purchase contracts 11,602
Trade creditors 681
Taxation and social security costs 20,940
Other creditors 11,884
45,107
6 Creditors: amounts falling due after one year 2022
£
Obligations under finance lease and hire purchase contracts 40,694
7 Controlling party
The company is not under the control of one individual.
8 Other information
MULBERRY GROUNDS CONTRACTORS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite G04
1 Quality Court
Chancery Lane
London
WC2A 1HR
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