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Company Registration No. 12621645 (England and Wales)
Muncal Group Ltd Unaudited accounts for the year ended 31 May 2023
Muncal Group Ltd Unaudited accounts Contents
Page
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Muncal Group Ltd Company Information for the year ended 31 May 2023
Directors
Claudia CALANDRA Kevin MUNNELLY
Secretary
Claudia CALANDRA
Company Number
12621645 (England and Wales)
Registered Office
19-21 SWAN STREET WEST MALLING ME19 6JU ENGLAND
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Muncal Group Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,086 
43,411 
Current assets
Inventories
5,000 
5,000 
Debtors
78,998 
49,447 
Cash at bank and in hand
36,028 
67,305 
120,026 
121,752 
Creditors: amounts falling due within one year
(34,869)
(62,859)
Net current assets
85,157 
58,893 
Total assets less current liabilities
107,243 
102,304 
Creditors: amounts falling due after more than one year
(14,874)
(26,874)
Provisions for liabilities
Deferred tax
(8,252)
(8,252)
Net assets
84,117 
67,178 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
84,107 
67,168 
Shareholders' funds
84,117 
67,178 
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Claudia CALANDRA Director Company Registration No. 12621645
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Muncal Group Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Muncal Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12621645. The registered office is 19-21 SWAN STREET, WEST MALLING, ME19 6JU, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Muncal Group Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
- 
53,782 
1,153 
54,935 
Additions
250 
- 
1,188 
1,438 
Disposals
- 
(15,000)
(400)
(15,400)
At 31 May 2023
250 
38,782 
1,941 
40,973 
Depreciation
At 1 June 2022
- 
11,191 
333 
11,524 
Charge for the year
63 
6,898 
402 
7,363 
At 31 May 2023
63 
18,089 
735 
18,887 
Net book value
At 31 May 2023
187 
20,693 
1,206 
22,086 
At 31 May 2022
- 
42,591 
820 
43,411 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,982 
18,910 
Amounts due from group undertakings etc.
43,085 
- 
Accrued income and prepayments
4,283 
- 
Other debtors
5,648 
30,537 
78,998 
49,447 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,235 
- 
Trade creditors
3,182 
10,866 
Taxes and social security
10,806 
33,438 
Other creditors
- 
18,555 
Loans from directors
5,306 
- 
Accruals
2,340 
- 
34,869 
62,859 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
14,874 
26,874 
8
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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