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REGISTERED NUMBER: 08283472 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 November 2023

for

Mentholmans Limited

Mentholmans Limited (Registered number: 08283472)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mentholmans Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J Ali
Mrs A Ali
T Ali
T Ali
Miss R Ali





REGISTERED OFFICE: 128 West Street
Sheffield
South Yorkshire
S1 4ES





REGISTERED NUMBER: 08283472 (England and Wales)

Mentholmans Limited (Registered number: 08283472)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 29,401 39,047
29,401 39,047

CURRENT ASSETS
Inventories 120,000 85,000
Debtors 6 37,668 31,794
Cash at bank and in hand 3,577 85,421
161,245 202,215
CREDITORS
Amounts falling due within one year 7 195,824 205,911
NET CURRENT LIABILITIES (34,579 ) (3,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,178

)

35,351

CREDITORS
Amounts falling due after more than one
year

8

377,903

401,694
NET LIABILITIES (383,081 ) (366,343 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (383,281 ) (366,543 )
SHAREHOLDERS' FUNDS (383,081 ) (366,343 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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 directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Mentholmans Limited (Registered number: 08283472)

Balance Sheet - continued
30 November 2023



The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





J Ali - Director


Mentholmans Limited (Registered number: 08283472)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Mentholmans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Mentholmans Limited (Registered number: 08283472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer pension contributions in accordance with auto enrolment legislation.

Going concern
The company has been impacted by the covid pandemic. The balance sheet appears to be insolvent, however the company continues to trade with the support of the directors who are the majority creditor.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 150,000
AMORTISATION
At 1 December 2022
and 30 November 2023 150,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Mentholmans Limited (Registered number: 08283472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 112,166
DEPRECIATION
At 1 December 2022 73,119
Charge for year 9,646
At 30 November 2023 82,765
NET BOOK VALUE
At 30 November 2023 29,401
At 30 November 2022 39,047

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 20,000
DEPRECIATION
At 1 December 2022 4,167
Charge for year 3,958
At 30 November 2023 8,125
NET BOOK VALUE
At 30 November 2023 11,875
At 30 November 2022 15,833

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 37,668 31,794

Mentholmans Limited (Registered number: 08283472)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,776 20,000
Hire purchase contracts 4,890 4,890
Trade creditors 20,919 25,344
Taxation and social security 13,881 27,908
Other creditors 119,358 127,769
195,824 205,911

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,000 50,000
Hire purchase contracts 6,230 11,120
Other creditors 341,673 340,574
377,903 401,694

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,120 16,010

10. OTHER COMMITMENTS

At 30th November 2023 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £534,573, (2022: £645,174).

11. RELATED PARTY DISCLOSURES

The directors loaned monies ot the company on an interest free basis. The balance at 30th November 2023: £441,673, (2022: £454,098). This is reflected in other creditors under and over 1 year.

12. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.