MVNC LTD

Company Registration Number:
12312287 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

MVNC LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Additional notes
Balance sheet notes

MVNC LTD

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Called up share capital not paid: 3,000,000 2,000,001
Fixed assets
Intangible assets: 3 565,000 450,999
Tangible assets: 4 256,787 50,677
Investments: 5 2,500,000 2,000,000
Total fixed assets: 3,321,787 2,501,676
Current assets
Stocks: 6 9,876,890 433,500
Debtors: 7 999,878 1,325,670
Cash at bank and in hand: 3,500,879 2,500,767
Investments: 8 555,656 1,000,000
Total current assets: 14,933,303 5,259,937
Prepayments and accrued income: 500,000 67,650
Creditors: amounts falling due within one year: 9 ( 3,500,009 ) ( 3,000,005 )
Net current assets (liabilities): 11,933,294 2,327,582
Total assets less current liabilities: 18,255,081 6,829,259
Creditors: amounts falling due after more than one year: 10 ( 2,546,787 ) ( 509,800 )
Provision for liabilities: ( 500,000 ) ( 500,000 )
Total net assets (liabilities): 15,208,294 5,819,459
Capital and reserves
Called up share capital: 500,000 250,000
Share premium account: 5,000,000 2,500,000
Other reserves: 4,707,536 3,068,959
Profit and loss account: 5,000,758 500
Total Shareholders' funds: 15,208,294 5,819,459

The notes form part of these financial statements

MVNC LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 September 2023
and signed on behalf of the board by:

Name: Vlad Rosca
Status: Director

The notes form part of these financial statements

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 176 154

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2021 450,999 450,999
Additions
Disposals
Revaluations 114,001 114,001
Transfers
At 30 November 2022 565,000 565,000
Amortisation
At 1 December 2021 0 0
Charge for year 0 0
On disposals
Other adjustments
At 30 November 2022 0 0
Net book value
At 30 November 2022 565,000 565,000
At 30 November 2021 450,999 450,999

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 50,677 50,677
Additions 206,110 206,110
Disposals
Revaluations
Transfers
At 30 November 2022 256,787 256,787
Depreciation
At 1 December 2021
Charge for year
On disposals
Other adjustments
At 30 November 2022
Net book value
At 30 November 2022 256,787 256,787
At 30 November 2021 50,677 50,677

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Fixed assets investments note

Rental building at 17 Lythalls Lane

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Stocks

2022 2021
£ £
Stocks 9,876,890 433,500
Total 9,876,890 433,500

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Debtors

2022 2021
£ £
Trade debtors 999,878 1,325,670
Total 999,878 1,325,670

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

8. Current assets investments note

Building materials

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

9. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 3,500,009 3,000,005
Total 3,500,009 3,000,005

MVNC LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

10. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 2,546,787 509,800
Total 2,546,787 509,800