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REGISTERED NUMBER: 04975528 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Moulvern Limited

Moulvern Limited (Registered number: 04975528)






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




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Moulvern Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs S Marks-Prior





SECRETARY:





REGISTERED OFFICE: 85 Bourne Street
London
SW1 8HF





REGISTERED NUMBER: 04975528 (England and Wales)





ACCOUNTANTS: MSS Accountancy Services Ltd
341 Garratt Lane
Wandsworth
London
SW18 4DX

Moulvern Limited (Registered number: 04975528)

Report of the Director
for the Year Ended 31 December 2023

The director presents her report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a health and beauty salon trade.

DIRECTORS
The directors who have held office during the period from 1 January 2023 to the date of this report are as follows:

Ms L Moulson - resigned 13 January 2023
Mrs S Marks-Prior - appointed 13 January 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs S Marks-Prior - Director


4 April 2024

Moulvern Limited (Registered number: 04975528)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   

TURNOVER 373,353 250,867

Cost of sales 42,878 27,683
GROSS PROFIT 330,475 223,184

Distribution costs 14,068 -
Administrative expenses 204,508 172,175
218,576 172,175
OPERATING PROFIT 4 111,899 51,009

Interest receivable and similar income 300 -
112,199 51,009

Interest payable and similar expenses 3,232 5,322
PROFIT BEFORE TAXATION 108,967 45,687

Tax on profit 23,715 10,106
PROFIT FOR THE FINANCIAL YEAR 85,252 35,581

Moulvern Limited (Registered number: 04975528)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 267,283 -
Tangible assets 6 18,048 622
285,331 622

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 7 24,277 12,164
Cash at bank 62,788 183,420
88,065 196,584
CREDITORS
Amounts falling due within one year 8 151,199 24,261
NET CURRENT (LIABILITIES)/ASSETS (63,134 ) 172,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,197

172,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,097 172,845
SHAREHOLDERS' FUNDS 222,197 172,945

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

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

The director acknowledges her 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.

Moulvern Limited (Registered number: 04975528)

Balance Sheet - continued
31 December 2023


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

The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





Mrs S Marks-Prior - Director


Moulvern Limited (Registered number: 04975528)

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

1. STATUTORY INFORMATION

Moulvern 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 2023, is being amortised evenly over its estimated useful life of twenty 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.
Short leasehold - in accordance with the property
Fixtures and fittings - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Moulvern Limited (Registered number: 04975528)

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

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 9,646 7,878
Goodwill amortisation 14,068 -

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 281,351
At 31 December 2023 281,351
AMORTISATION
Charge for year 14,068
At 31 December 2023 14,068
NET BOOK VALUE
At 31 December 2023 267,283

Moulvern Limited (Registered number: 04975528)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 145,122 21,352 166,474
Additions - 27,072 27,072
At 31 December 2023 145,122 48,424 193,546
DEPRECIATION
At 1 January 2023 145,122 20,730 165,852
Charge for year - 9,646 9,646
At 31 December 2023 145,122 30,376 175,498
NET BOOK VALUE
At 31 December 2023 - 18,048 18,048
At 31 December 2022 - 622 622

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,584 -
Other debtors 9,147 9,843
Prepayments 7,546 2,321
24,277 12,164

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 5,630
Tax 23,715 10,106
Social security and other taxes 2,591 521
VAT 14,416 6,396
Other creditors 110,477 1,223
Accruals and deferred income - 385
151,199 24,261