IRIS Accounts Production v23.3.0.418 12137378 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure121373782022-03-31121373782023-03-31121373782022-04-012023-03-31121373782021-03-31121373782021-04-012022-03-31121373782022-03-3112137378ns16:EnglandWales2022-04-012023-03-3112137378ns15:PoundSterling2022-04-012023-03-3112137378ns11:Director12022-04-012023-03-3112137378ns11:Director22022-04-012023-03-3112137378ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112137378ns11:SmallEntities2022-04-012023-03-3112137378ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3112137378ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112137378ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112137378ns11:FullAccounts2022-04-012023-03-311213737812022-04-012023-03-3112137378ns11:RegisteredOffice2022-04-012023-03-3112137378ns6:CurrentFinancialInstruments2023-03-3112137378ns6:CurrentFinancialInstruments2022-03-3112137378ns6:Non-currentFinancialInstruments2023-03-3112137378ns6:Non-currentFinancialInstruments2022-03-3112137378ns6:ShareCapital2023-03-3112137378ns6:ShareCapital2022-03-3112137378ns6:RetainedEarningsAccumulatedLosses2023-03-3112137378ns6:RetainedEarningsAccumulatedLosses2022-03-3112137378ns6:NetGoodwill2022-04-012023-03-3112137378ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112137378ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3112137378ns6:PlantMachinery2022-04-012023-03-3112137378ns6:FurnitureFittings2022-04-012023-03-3112137378ns6:ComputerEquipment2022-04-012023-03-3112137378ns6:NetGoodwill2022-03-3112137378ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3112137378ns6:NetGoodwill2023-03-3112137378ns6:PatentsTrademarksLicencesConcessionsSimilar2023-03-3112137378ns6:NetGoodwill2022-03-3112137378ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3112137378ns6:PlantMachinery2022-03-3112137378ns6:FurnitureFittings2022-03-3112137378ns6:ComputerEquipment2022-03-3112137378ns6:PlantMachinery2023-03-3112137378ns6:FurnitureFittings2023-03-3112137378ns6:ComputerEquipment2023-03-3112137378ns6:PlantMachinery2022-03-3112137378ns6:FurnitureFittings2022-03-3112137378ns6:ComputerEquipment2022-03-3112137378ns6:CostValuation2022-03-3112137378ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112137378ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 12137378 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Minting Holdings Ltd

Minting Holdings Ltd (Registered number: 12137378)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Minting Holdings Ltd

Company Information
for the Year Ended 31 March 2023







Directors: Mrs G Summers
S Summers





Registered office: Unit 6-7 Merlin Court
Sunderland Road
Market Deeping
Lincolnshire
PE6 8FD





Registered number: 12137378 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Minting Holdings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Minting Holdings Ltd for the year ended 31 March 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Minting Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 14 December 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Minting Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Minting Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Minting Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Minting Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Minting Holdings Ltd. You consider that Minting Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Minting Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA


15 November 2023

Minting Holdings Ltd (Registered number: 12137378)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 5 364,060 420,220
Tangible assets 6 5,579 7,001
Investments 7 4 4
369,643 427,225

Current assets
Stocks 6,938 8,199
Debtors 8 24,671 12,928
Cash at bank and in hand 2,140 3,252
33,749 24,379
Creditors
Amounts falling due within one year 9 302,587 266,825
Net current liabilities (268,838 ) (242,446 )
Total assets less current liabilities 100,805 184,779

Creditors
Amounts falling due after more than one
year

10

(111,804

)

(172,799

)

Provisions for liabilities (1,778 ) (3,196 )
Net (liabilities)/assets (12,777 ) 8,784

Capital and reserves
Called up share capital 100 100
Retained earnings (12,877 ) 8,684
(12,777 ) 8,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Minting Holdings Ltd (Registered number: 12137378)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:




S Summers - Director



Mrs G Summers - Director


Minting Holdings Ltd (Registered number: 12137378)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. Statutory information

Minting Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Minting Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on a straight line basis
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Minting Holdings Ltd (Registered number: 12137378)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. Accounting policies - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments at 31 March 2022 represents share capital owned in subsidiary companies as follows:

£   
Lolium Ltd 2
M&K Trading (Bourne) Ltd 2
4

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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 year 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.

Going concern
At the balance sheet date, total liabilities exceed gross assets by £12,777. This is due to the director's current account being included in creditors. However, the director has indicated that he will not withdraw from these accounts in preference to other creditors, that they have operated within their bank facilities and that the accounts have been prepared on a going concern basis.

Minting Holdings Ltd (Registered number: 12137378)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. Employees and directors

The average number of employees during the year was 14 (2022 - 15 ) .

5. Intangible fixed assets
Patents
and
Goodwill licences Totals
£    £    £   
Cost
At 1 April 2022
and 31 March 2023 397,844 81,879 479,723
Amortisation
At 1 April 2022 31,640 27,863 59,503
Amortisation for year 39,785 16,375 56,160
At 31 March 2023 71,425 44,238 115,663
Net book value
At 31 March 2023 326,419 37,641 364,060
At 31 March 2022 366,204 54,016 420,220

6. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2022 2,941 3,104 4,148 10,193
Additions 375 - - 375
At 31 March 2023 3,316 3,104 4,148 10,568
Depreciation
At 1 April 2022 699 1,066 1,427 3,192
Charge for year 607 510 680 1,797
At 31 March 2023 1,306 1,576 2,107 4,989
Net book value
At 31 March 2023 2,010 1,528 2,041 5,579
At 31 March 2022 2,242 2,038 2,721 7,001

Minting Holdings Ltd (Registered number: 12137378)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 April 2022
and 31 March 2023 4
Net book value
At 31 March 2023 4
At 31 March 2022 4

8. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 12,670 7,646
Amounts owed by related parties 8,421 -
Other debtors 1,592 4,589
Prepayments 1,988 693
24,671 12,928

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 39,460 36,407
Trade creditors 97,133 39,419
Amounts owed to related parties 2,945 14,064
Taxation and social security 33,892 28,019
Other creditors 129,157 148,916
302,587 266,825

10. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 111,804 151,065
Other creditors - 21,734
111,804 172,799

11. Related party disclosures

As at the balance sheet date £8,421 remains outstanding from Lolium Ltd (2022: £3,499 outstanding to Lolium Ltd)

As at the balance sheet date £2,945 (2022: £10,565) remains outstanding to M&K Trading (Bourne) Ltd.