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Company Registration No. 12837961 (England and Wales)
Posh and Mumbles Limited Unaudited accounts for the year ended 31 August 2023
Posh and Mumbles Limited Unaudited accounts Contents
Page
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Posh and Mumbles Limited Company Information for the year ended 31 August 2023
Director
Kevin Walters
Company Number
12837961 (England and Wales)
Registered Office
CHEQUERS 50 RIVERS STREET BATH BA1 2QA ENGLAND
Accountants
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU
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Posh and Mumbles Limited Accountants' report
Accountants' report to the director of Posh and Mumbles Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 August 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 August 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
BMG Accountancy Services Ltd 5 Commercial Road Shepton Mallet Somerset BA4 5BU 28 March 2024
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Posh and Mumbles Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,101 
8,758 
Current assets
Inventories
4,200 
4,200 
Debtors
15,061 
17,849 
Investments
13,076 
16,827 
Cash at bank and in hand
2,771 
7,471 
35,108 
46,347 
Creditors: amounts falling due within one year
(273,493)
(122,861)
Net current liabilities
(238,385)
(76,514)
Net liabilities
(232,284)
(67,756)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(232,286)
(67,758)
Shareholders' funds
(232,284)
(67,756)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2024 and were signed on its behalf by
Kevin Walters Director Company Registration No. 12837961
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Posh and Mumbles Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Posh and Mumbles Limited is a private company, limited by shares, registered in England and Wales, registration number 12837961. The registered office is CHEQUERS, 50 RIVERS STREET, BATH, BA1 2QA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 August 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
7,961 
3,417 
1,907 
13,285 
At 31 August 2023
7,961 
3,417 
1,907 
13,285 
Depreciation
At 1 September 2022
2,397 
1,368 
762 
4,527 
Charge for the year
1,592 
684 
381 
2,657 
At 31 August 2023
3,989 
2,052 
1,143 
7,184 
Net book value
At 31 August 2023
3,972 
1,365 
764 
6,101 
At 31 August 2022
5,564 
2,049 
1,145 
8,758 
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Posh and Mumbles Limited Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,161 
10,161 
Other debtors
4,900 
7,688 
15,061 
17,849 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
13,076 
16,827 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,626 
8,626 
VAT
27,933 
- 
Trade creditors
110,894 
56,036 
Taxes and social security
61,081 
40,713 
Other creditors
54,961 
- 
Loans from directors
7,181 
14,669 
Accruals
2,817 
2,817 
273,493 
122,861 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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