Registered Number:07354273 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Molben Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Molben Limited
Statement of Financial Position
2022
2023
415
553
2
Property, plant and equipment |
21,870
7,838
3
22,285
8,391
43,770
28,597
4
Trade and other receivables |
40,185
22,545
5
166,526
Cash and cash equivalents |
106,743
157,885
250,481
Trade and other payables: amounts falling due within one year |
(144,114)
(142,378)
6
106,367
15,507
Net current assets
Total assets less current liabilities |
37,792
114,758
37,792
Net assets
114,758
100
100
37,692
114,658
37,792
114,758
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 08 March 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements
Statutory Information
Molben Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07354273. |
Principal place of business: |
4 Fulbert Drive
Bearsted
Maidstone
Kent
ME14 4PU
4 Fulbert Drive
Bearsted
Maidstone
Kent
ME14 4PU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Website 25% Reducing balance |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Website
1,750
1,750
1,197
138
Charge for year
1,335
415
3. Property, plant and equipment |
Motor vehicles
25,449
249
12,200
13,000
25,990
-
-
25,990
-
-
(13,000)
(13,000)
25,990
12,200
249
38,439
Provision for depreciation and impairment |
17,611
170
9,108
8,333
Charge for year
7,291
20
773
6,498
(8,333)
-
-
(8,333)
16,569
190
9,881
6,498
19,492
2,319
59
21,870
4,667
3,092
79
7,838
2022
2023
28,597
43,770
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For the year ended 31 August 2023
Molben Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
19,965
40,185
2,580
-
40,185
22,545
6. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
3,164
38,533
139,214
105,581
142,378
144,114
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 3)
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