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REGISTERED NUMBER: 08683060 (England and Wales)















Munneries Limited

Financial Statements for the Year Ended 31st October 2023






Munneries Limited (Registered number: 08683060)

Contents of the Financial Statements
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Munneries Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: Mr P J Barker-Muzzell
Mr J Barker-Muzzell
Mrs J A Barker-Muzzell





SECRETARY: Mrs J A Barker-Muzzell





REGISTERED OFFICE: 7 East Pallant
Chichester
West Sussex
PO19 1TR





REGISTERED NUMBER: 08683060 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Munneries Limited (Registered number: 08683060)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 150,000 165,000
Tangible assets 5 141,193 131,409
291,193 296,409

CURRENT ASSETS
Stocks 23,000 23,000
Debtors 6 319,949 299,171
Cash at bank 151,121 35,146
494,070 357,317
CREDITORS
Amounts falling due within one year 7 393,942 302,150
NET CURRENT ASSETS 100,128 55,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,321

351,576

CREDITORS
Amounts falling due after more than one
year

8

52,078

73,585
NET ASSETS 339,243 277,991

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 339,043 277,791
SHAREHOLDERS' FUNDS 339,243 277,991

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Munneries Limited (Registered number: 08683060)

Balance Sheet - continued
31st October 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 Board of Directors and authorised for issue on 29th March 2024 and were signed on its behalf by:




Mrs J A Barker-Muzzell - Director Mr J Barker-Muzzell - Director




Mr P J Barker-Muzzell - Director


Munneries Limited (Registered number: 08683060)

Notes to the Financial Statements
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Munneries 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 2013, 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% 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.

Munneries Limited (Registered number: 08683060)

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


2. ACCOUNTING POLICIES - continued

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 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 30 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 300,000
AMORTISATION
At 1st November 2022 135,000
Charge for year 15,000
At 31st October 2023 150,000
NET BOOK VALUE
At 31st October 2023 150,000
At 31st October 2022 165,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2022 65,563 148,192 7,860 221,615
Additions 13,111 5,330 15,075 33,516
At 31st October 2023 78,674 153,522 22,935 255,131
DEPRECIATION
At 1st November 2022 29,863 55,627 4,716 90,206
Charge for year 6,031 14,849 2,852 23,732
At 31st October 2023 35,894 70,476 7,568 113,938
NET BOOK VALUE
At 31st October 2023 42,780 83,046 15,367 141,193
At 31st October 2022 35,700 92,565 3,144 131,409

Munneries Limited (Registered number: 08683060)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 286,894 276,481
VAT 19,178 14,927
Prepayments 13,877 7,763
319,949 299,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,319 18,040
Trade creditors 302,018 226,551
Tax 38,210 2,893
Social security and other taxes 5,886 6,074
Directors' loan accounts 13,001 16,454
Accruals and deferred income 16,508 32,138
393,942 302,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,555 18,269
Bank loans - 2-5 years 33,523 55,316
52,078 73,585

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
100 B Ordinary 1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1st November 2022 277,791
Profit for the year 129,452
Dividends (68,200 )
At 31st October 2023 339,043

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Munneries Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Munneries Limited for the year ended 31st October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Munneries Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Munneries Limited and state those matters that we have agreed to state to the Board of Directors of Munneries Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Munneries Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Munneries Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Munneries Limited. You consider that Munneries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Munneries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR


29th March 2024