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
Posh and Mumbles Limited
Company Information
for the year ended 31 August 2023
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
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
Posh and Mumbles Limited
Statement of financial position
as at 31 August 2023
Tangible assets
6,101
8,758
Cash at bank and in hand
2,771
7,471
Creditors: amounts falling due within one year
(273,493)
(122,861)
Net current liabilities
(238,385)
(76,514)
Net liabilities
(232,284)
(67,756)
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
Posh and Mumbles Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 August 2023
3,972
1,365
764
6,101
At 31 August 2022
5,564
2,049
1,145
8,758
Posh and Mumbles Limited
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Accrued income and prepayments
10,161
10,161
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
Trade creditors
110,894
56,036
Taxes and social security
61,081
40,713
Loans from directors
7,181
14,669
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).