Registered number
05134125
Molly Bather Limited
Filleted Accounts
31 March 2023
Molly Bather Limited
Registered number: 05134125
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,083 2,083
Tangible assets 4 12,921 16,822
14,004 18,905
Current assets
Stocks 33,629 26,780
Debtors 5 14,362 5,277
Cash at bank and in hand 19,769 24,560
67,760 56,617
Creditors: amounts falling due within one year 6 (23,127) (24,251)
Net current assets 44,633 32,366
Net assets 58,637 51,271
Capital and reserves
Called up share capital 75 75
Profit and loss account 58,562 51,196
Shareholders' funds 58,637 51,271
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 profit and loss account has not been delivered to the Registrar of Companies.
D McDine
Director
Approved by the board on 24 October 2023
Molly Bather Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 4 years reducing balance
Fixtures, fittings, tools and equipment 4 years reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 20,000
At 31 March 2023 20,000
Amortisation
At 1 April 2022 17,917
Provided during the year 1,000
At 31 March 2023 18,917
Net book value
At 31 March 2023 1,083
At 31 March 2022 2,083
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 8,566 28,680 37,246
Additions 406 - 406
At 31 March 2023 8,972 28,680 37,652
Depreciation
At 1 April 2022 7,876 12,548 20,424
Charge for the year 274 4,033 4,307
At 31 March 2023 8,150 16,581 24,731
Net book value
At 31 March 2023 822 12,099 12,921
At 31 March 2022 690 16,132 16,822
5 Debtors 2023 2022
£ £
Trade debtors 12,730 1,890
Other debtors 1,632 3,387
14,362 5,277
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,613 6,849
Taxation and social security costs 14,957 16,356
Other creditors 557 1,046
23,127 24,251
7 Other information
Molly Bather Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A19 Andil House
Court Street
Trowbridge
Wiltshire
BA14 8BR
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