2022-09-01 07354273 2023-08-31 07354273 2022-09-01 2023-08-31 07354273 2022-08-31 07354273 2021-09-01 2022-08-31 07354273 uk-core:WithinOneYear 2022-08-31 07354273 uk-core:WithinOneYear 2023-08-31 07354273 uk-core:ShareCapital 2023-08-31 07354273 uk-core:ShareCapital 2022-08-31 07354273 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 07354273 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 07354273 uk-bus:Director1 2022-09-01 2023-08-31 07354273 uk-bus:Director2 2022-09-01 2023-08-31 07354273 uk-core:ComputerEquipment 2022-09-01 2023-08-31 07354273 uk-core:MotorVehicles 2022-09-01 2023-08-31 07354273 uk-core:FurnitureFittings 2022-09-01 2023-08-31 07354273 uk-core:ComputerSoftware 2022-08-31 07354273 uk-core:ComputerSoftware 2023-08-31 07354273 uk-core:ComputerSoftware 2022-09-01 2023-08-31 07354273 uk-core:ComputerEquipment 2022-08-31 07354273 uk-core:FurnitureFittings 2022-08-31 07354273 uk-core:MotorVehicles 2022-08-31 07354273 uk-core:MotorVehicles 2023-08-31 07354273 uk-core:FurnitureFittings 2023-08-31 07354273 uk-core:ComputerEquipment 2023-08-31 iso4217:GBP xbrli:pure 07354273 uk-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07354273 uk-bus:FRS102 2022-09-01 2023-08-31 07354273 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 07354273 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
Molben Limited
Registered Number:07354273
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Molben Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07354273
As at 31 August 2023
Molben Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
415
553
2
Property, plant and equipment
21,870
7,838
3
22,285
8,391
Current assets
Inventories
43,770
28,597
4
Trade and other receivables
40,185
22,545
5
166,526
Cash and cash equivalents
106,743
157,885
250,481
Trade and other payables: amounts falling due within one year
(144,114)
(142,378)
6
106,367
15,507
Net current assets
Total assets less current liabilities
37,792
114,758
37,792
Net assets
114,758
Capital and reserves
Called up share capital
100
100
Retained earnings
37,692
114,658
37,792
114,758
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D Hepburn Director
Mrs T Hepburn Director
These financial statements were approved and authorised for issue by the Board on 08 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements
Statutory Information
Molben Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07354273.
Principal place of business:
4 Fulbert Drive
Bearsted
Maidstone
Kent
ME14 4PU
Registered address:
4 Fulbert Drive
Bearsted
Maidstone
Kent
ME14 4PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Website 25% Reducing balance
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Website
Cost or valuation
£
At 01 September 2022
1,750
At 31 August 2023
1,750
Amortisation
At 01 September 2022
1,197
138
Charge for year
At 31 August 2023
1,335
Net book value
At 31 August 2023
415
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or valuation
At 01 September 2022
25,449
249
12,200
13,000
25,990
-
-
25,990
Additions
-
-
(13,000)
Disposals
(13,000)
At 31 August 2023
25,990
12,200
249
38,439
Provision for depreciation and impairment
At 01 September 2022
17,611
170
9,108
8,333
Charge for year
7,291
20
773
6,498
(8,333)
-
-
(8,333)
On disposal
At 31 August 2023
16,569
190
9,881
6,498
At 31 August 2023
Net book value
19,492
2,319
59
21,870
At 31 August 2022
4,667
3,092
79
7,838
4. Inventories
2022
2023
£
£
Stocks
28,597
43,770
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6
For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
19,965
40,185
Other debtors
2,580
-
40,185
22,545
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
3,164
38,533
Other creditors
139,214
105,581
142,378
144,114
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 3)
4 of 4