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REGISTERED NUMBER: 07548740 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Mfc Outdoor Stores Limited

Mfc Outdoor Stores Limited (Registered number: 07548740)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mfc Outdoor Stores Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: B Callaway





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 9 Station Road
Hailsham
East Sussex
BN27 2BE





REGISTERED NUMBER: 07548740 (England and Wales)






Mfc Outdoor Stores Limited (Registered number: 07548740)

Balance Sheet
30 September 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,465 3,082
2,465 3,082

CURRENT ASSETS
Stocks 23,606 22,847
Debtors 6 6,114 3,130
Cash at bank and in hand 48,124 37,494
77,844 63,471
CREDITORS
Amounts falling due within one year 7 47,204 41,034
NET CURRENT ASSETS 30,640 22,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,105

25,519

CREDITORS
Amounts falling due after more than
one year

8

(3,837

)

(3,837

)
NET ASSETS 36,942 29,356

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 36,837 29,251
SHAREHOLDERS' FUNDS 36,942 29,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mfc Outdoor Stores Limited (Registered number: 07548740)

Balance Sheet - continued
30 September 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 director and authorised for issue on 6 March 2024 and were signed by:





B Callaway - Director


Mfc Outdoor Stores Limited (Registered number: 07548740)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Mfc Outdoor Stores Limited 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.

2. ACCOUNTING POLICIES

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

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 2012, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 balance sheet date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Mfc Outdoor Stores Limited (Registered number: 07548740)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 9,999
AMORTISATION
At 1 October 2022
and 30 September 2023 9,999
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 18,220 8,062 26,282
DEPRECIATION
At 1 October 2022 16,848 6,352 23,200
Charge for year 554 63 617
At 30 September 2023 17,402 6,415 23,817
NET BOOK VALUE
At 30 September 2023 818 1,647 2,465
At 30 September 2022 1,372 1,710 3,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 6,114 3,130

Mfc Outdoor Stores Limited (Registered number: 07548740)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans and overdrafts 7,500 -
Trade creditors 13,886 12,104
Tax 3,879 3,879
Social security and other taxes 1,029 (248 )
VAT 7,439 6,348
Directors' loan accounts 11,796 17,187
Accrued expenses 1,675 1,764
47,204 41,034

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30/9/23 30/9/22
£    £   
Other loans - 1-2 years (3,837 ) (3,837 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Directors Loan Account shown on the balance sheet at the Year End was owed to the sole Director Mr Callaway. No interest was charged for this loan.The loan is repayable on demand.

10. RELATED PARTY DISCLOSURES

The building used by MFC Outdoor Stores Ltd to trade from is owned by the director. The rent is paid at a fair market rate.

11. ULTIMATE CONTROLLING PARTY

The controlling party is B Callaway.