REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 21 July 2022 to 31 August 2023 |
for |
Minoa Aldbourne Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 21 July 2022 to 31 August 2023 |
for |
Minoa Aldbourne Ltd |
Minoa Aldbourne Ltd (Registered number: 14249486) |
Contents of the Financial Statements |
for the Period 21 July 2022 to 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Minoa Aldbourne Ltd |
Company Information |
for the Period 21 July 2022 to 31 August 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
47-49 The Square |
Kelso |
Roxburghshire |
TD5 7HW |
Minoa Aldbourne Ltd (Registered number: 14249486) |
Balance Sheet |
31 August 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
Minoa Aldbourne Ltd (Registered number: 14249486) |
Notes to the Financial Statements |
for the Period 21 July 2022 to 31 August 2023 |
1. | STATUTORY INFORMATION |
Minoa Aldbourne Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts. |
Turnover is recognised over the period in which services are rendered. |
Goodwill |
Tangible fixed assets |
Fixtures & equipment | - |
Financial instruments |
The following assets and liabilities are classified as financial instruments - trade creditors, trade debtors, accruals, and directors' loans. |
Directors' loans (being repayable on demand), trade creditors, trade debtors, and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
Taxation |
Taxation for the period 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. |
Minoa Aldbourne Ltd (Registered number: 14249486) |
Notes to the Financial Statements - continued |
for the Period 21 July 2022 to 31 August 2023 |
2. | ACCOUNTING POLICIES - continued |
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 period 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 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. |
Employee benefits |
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred. |
Provisions |
Provisions are set only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date, and that a payment will be required in settlement that can be estimated reliably. |
Going concern |
The company has a deficit on the balance sheet at 31st August 2023 of £1,470. This is the first year of trading and the directors are of the opinion that the company will generate profits going forward and that it remains a going concern. The accounts have therefore been prepared on this basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 August 2023 |
AMORTISATION |
Amortisation for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
Minoa Aldbourne Ltd (Registered number: 14249486) |
Notes to the Financial Statements - continued |
for the Period 21 July 2022 to 31 August 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
& equipment |
£ |
COST |
Additions |
At 31 August 2023 |
DEPRECIATION |
Charge for period |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Deferred income |
Accrued expenses |