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Registration number: 10942584

Mabel & Mu Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Mabel & Mu Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Mabel & Mu Ltd

Company Information

Directors

Mrs D Windsor

Mr AK Perry

Registered office

2 Crag Brow
Bowness-On-Windermere
Cumbria
LA23 3BX

Accountants

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Mabel & Mu Ltd

(Registration number: 10942584)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

-

652

Tangible assets

5

-

639

 

-

1,291

Current assets

 

Stocks

6

34,592

40,085

Debtors

7

8,100

8,000

Cash at bank and in hand

 

33,451

30,879

 

76,143

78,964

Creditors: Amounts falling due within one year

8

(23,168)

(35,315)

Net current assets

 

52,975

43,649

Net assets

 

52,975

44,940

Capital and reserves

 

Called up share capital

17,000

17,000

Retained earnings

35,975

27,940

Shareholders' funds

 

52,975

44,940

 

Mabel & Mu Ltd

(Registration number: 10942584)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 4 April 2024 and signed on its behalf by:
 

.........................................
Mrs D Windsor
Director

   
     
 

Mabel & Mu Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Crag Brow
Bowness-On-Windermere
Cumbria
LA23 3BX

These financial statements were authorised for issue by the Board on 4 April 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

33% on cost

Office equipment

33% on cost

 

Mabel & Mu Ltd

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Useful life of 5 years

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 2).

 

Mabel & Mu Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2022

4,260

4,260

At 30 September 2023

4,260

4,260

Amortisation

At 1 October 2022

3,608

3,608

Amortisation charge

652

652

At 30 September 2023

4,260

4,260

Carrying amount

At 30 September 2023

-

-

At 30 September 2022

652

652

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

2,105

-

2,105

Disposals

-

(8,567)

(8,567)

At 30 September 2023

2,105

(8,567)

(6,462)

Depreciation

At 1 October 2022

1,466

-

1,466

Charge for the year

639

-

639

Eliminated on disposal

-

(8,567)

(8,567)

At 30 September 2023

2,105

(8,567)

(6,462)

Carrying amount

At 30 September 2023

-

-

-

At 30 September 2022

639

-

639

6

Stocks

2023
£

2022
£

Other inventories

34,592

40,085

 

Mabel & Mu Ltd

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

7

Debtors

Current

2023
£

2022
£

Prepayments

5,000

5,000

Other debtors

3,100

3,000

8

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

16,478

17,864

Other creditors

6,690

17,451

23,168

35,315