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Company Registration No. 09546498 (England and Wales)
Mortimer 32 Ltd Unaudited accounts for the year ended 31 March 2023
Mortimer 32 Ltd Unaudited accounts Contents
Page
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Mortimer 32 Ltd Company Information for the year ended 31 March 2023
Directors
L Mortimer J Durrant
Company Number
09546498 (England and Wales)
Registered Office
39 LJS HAIR STUDIO STOKE ROAD GOSPORT HAMPSHIRE PO12 1LS ENGLAND
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Mortimer 32 Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,072 
1,607 
Current assets
Inventories
530 
530 
Debtors
5,147 
2,750 
Cash at bank and in hand
7,556 
13,421 
13,233 
16,701 
Creditors: amounts falling due within one year
(13,946)
(21,270)
Net current liabilities
(713)
(4,569)
Net assets/(liabilities)
359 
(2,962)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
349 
(2,972)
Shareholders' funds
359 
(2,962)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2023 and were signed on its behalf by
L Mortimer Director Company Registration No. 09546498
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Mortimer 32 Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Mortimer 32 Ltd is a private company, limited by shares, registered in England and Wales, registration number 09546498. The registered office is 39 LJS HAIR STUDIO, STOKE ROAD, GOSPORT, HAMPSHIRE, PO12 1LS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,352 
At 31 March 2023
5,352 
Depreciation
At 1 April 2022
3,745 
Charge for the year
535 
At 31 March 2023
4,280 
Net book value
At 31 March 2023
1,072 
At 31 March 2022
1,607 
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Mortimer 32 Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
5,147 
2,750 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,846 
8,947 
Loans from directors
- 
873 
Accruals
8,100 
11,450 
13,946 
21,270 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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