2022-12-01 07835140 2023-11-30 07835140 2022-12-01 2023-11-30 07835140 2022-11-30 07835140 2021-12-01 2022-11-30 07835140 uk-core:WithinOneYear 2022-11-30 07835140 uk-core:WithinOneYear 2023-11-30 07835140 uk-core:AfterOneYear 2022-11-30 07835140 uk-core:AfterOneYear 2023-11-30 07835140 uk-core:ShareCapital 2023-11-30 07835140 uk-core:ShareCapital 2022-11-30 07835140 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07835140 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 07835140 uk-bus:Director1 2022-12-01 2023-11-30 07835140 uk-core:ComputerEquipment 2022-11-30 07835140 uk-core:FurnitureFittings 2022-11-30 07835140 uk-core:CommercialMotorVehicles 2022-11-30 07835140 uk-core:ComputerEquipment 2022-12-01 2023-11-30 07835140 uk-core:FurnitureFittings 2022-12-01 2023-11-30 07835140 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 07835140 uk-core:CommercialMotorVehicles 2023-11-30 07835140 uk-core:FurnitureFittings 2023-11-30 07835140 uk-core:ComputerEquipment 2023-11-30 iso4217:GBP xbrli:pure 07835140 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07835140 uk-bus:FRS102 2022-12-01 2023-11-30 07835140 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 07835140 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Mind The Groove Ltd
Registered Number:07835140
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
Mind The Groove Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07835140
As at 30 November 2023
Mind The Groove Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
122,960
172,986
2
122,960
172,986
Current assets
Trade and other receivables
165,650
199,197
3
971,015
Cash and cash equivalents
1,292,689
1,491,886
1,136,665
Trade and other payables: amounts falling due within one
year
(177,203)
(213,655)
4
959,462
1,278,231
Net current assets
Total assets less current liabilities
1,401,191
1,132,448
Trade and other payables: amounts falling due after more
than one year
(27,200)
(27,200)
5
1,373,991
Net assets
1,105,248
Capital and reserves
Called up share capital
4
4
Retained earnings
1,373,987
1,105,244
1,373,991
1,105,248
Shareholders' funds
For the year ended 30 November 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 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Mrs Inga Biguze Director
These financial statements were approved and authorised for issue by the Board on 23 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
Mind The Groove Ltd
Notes to the Financial Statements
Statutory Information
Mind The Groove Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07835140.
Principal place of business:
Unit 12 ClipperParkIndustrialEstate
Thurrock Park Way
Tilbury
Essex
RM18 7HG
Registered address:
5 Chigwell Road
London
E18 1LR
The presentation currency is £ sterling.
1. Accounting policies
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.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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
5
For the year ended 30 November 2023
Mind The Groove Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor
vehicles
£
£
£
£
Cost or
valuation
At 01 December 2022
346,061
7,754
58,009
280,298
81,937
4,730
15,457
61,750
Additions
(5,808)
(60,761)
(20,100)
Disposals
(86,669)
At 30 November 2023
321,948
12,705
6,676
341,329
Provision for depreciation and impairment
At 01 December 2022
173,075
3,191
13,695
156,189
Charge for year
83,899
2,314
16,153
65,432
(38,605)
(3,559)
(22,827)
(12,219)
On disposal
At 30 November 2023
218,369
1,946
7,021
209,402
At 30 November 2023
Net book value
112,546
5,684
4,730
122,960
At 30 November 2022
124,109
44,314
4,563
172,986
3. Trade and other receivables
2022
2023
£
£
Trade debtors
(26,093)
15,182
Other debtors
225,290
150,468
165,650
199,197
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
55,302
45,839
Taxation and social security
136,754
106,215
Other creditors
21,599
25,149
213,655
177,203
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
27,200
27,200
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6
For the year ended 30 November 2023
Mind The Groove Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 13 (2022 : 32)
4 of 4