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REGISTERED NUMBER: 11877375 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Mabel Group Ltd

Mabel Group Ltd (Registered number: 11877375)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mabel Group Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Miss C J Bell
D S Crawley





SECRETARY: Miss C J Bell





REGISTERED OFFICE: 9 Lawson Street
North Shields
Tyne and Wear
NE29 6TF





REGISTERED NUMBER: 11877375 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor
Business Village
James Nicolson Link
York
YO30 4XG

Mabel Group Ltd (Registered number: 11877375)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,663 46,284

CURRENT ASSETS
Debtors 5 143,995 181,866
Cash at bank 117 827
144,112 182,693
CREDITORS
Amounts falling due within one year 6 122,335 137,935
NET CURRENT ASSETS 21,777 44,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,440

91,042

CREDITORS
Amounts falling due after more than
one year

7

(43,820

)

(58,072

)

PROVISIONS FOR LIABILITIES (7,679 ) (10,727 )
NET ASSETS 3,941 22,243

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,939 22,241
3,941 22,243

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

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 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:



Miss C J Bell - Director


Mabel Group Ltd (Registered number: 11877375)

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

1. STATUTORY INFORMATION

Mabel Group 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.

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.

Revenue recognition
Turnover comprises the fair value of the consideration received for the sale of goods and provision of services in the ordinary course of the company's activities. turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount can be reliably measured and it is probable that future economic benefits will flow to the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 operated a defined contribution pension scheme. Contributions payable to the
company's pension scheme were charged to profit or loss in the period to which they related. All employees were transferred to another company in the group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 9 ).

Mabel Group Ltd (Registered number: 11877375)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 23,144 2,383 58,106 83,633
DEPRECIATION
At 1 September 2022 10,906 1,676 24,767 37,349
Charge for year 4,080 206 8,335 12,621
At 31 August 2023 14,986 1,882 33,102 49,970
NET BOOK VALUE
At 31 August 2023 8,158 501 25,004 33,663
At 31 August 2022 12,238 707 33,339 46,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 720 33,086
Amounts owed by group undertakings 137,469 137,295
Amounts owed by associates 2,567 2,337
Other debtors 3,050 5,014
VAT 189 4,134
143,995 181,866

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,581 6,165
Other loans - 11,167
Hire purchase contracts 10,131 9,847
Trade creditors 16,250 22,177
Amounts owed to group undertakings 74,425 69,551
Social security and other taxes 10,543 10,590
Auto-enrolment pensions 1,346 3,149
Other creditors 277 777
Directors' current accounts 2,402 3,056
Accrued expenses 1,380 1,456
122,335 137,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 15,000 15,000
Bank loans more 5 yr by instal 13,749 18,750
Hire purchase contracts 10,071 19,322
43,820 58,072

Mabel Group Ltd (Registered number: 11877375)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.23 31.8.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,749 18,750

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Miss C J Bell and Mr D S Crawley by virtue of their shares in
the company.