Registered Number:07835140 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
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
Mind The Groove Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
122,960
172,986
2
122,960
172,986
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
4
4
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. |
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 |
1 of 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
5 Chigwell Road
London
E18 1LR
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. |
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
For the year ended 30 November 2023
Mind The Groove Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
346,061
7,754
58,009
280,298
81,937
4,730
15,457
61,750
(5,808)
(60,761)
(20,100)
(86,669)
321,948
12,705
6,676
341,329
Provision for depreciation and impairment |
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)
218,369
1,946
7,021
209,402
112,546
5,684
4,730
122,960
124,109
44,314
4,563
172,986
3. Trade and other receivables |
2022
2023
(26,093)
15,182
225,290
150,468
165,650
199,197
4. Trade and other payables: amounts falling due within one year |
2022
2023
55,302
45,839
Taxation and social security |
136,754
106,215
21,599
25,149
213,655
177,203
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
27,200
27,200
3 of 4
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