Company registration number: 12921096
Unaudited financial statements
for the year ended 31 October 2023
for
Munchyhub Limited
Pages for filing with the Registrar
Munchyhub Limited
Chartered Accountants' Report to the Board of Directors for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Munchyhub Limited for the year ended 31 October 2023 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Munchyhub Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Munchyhub Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Munchyhub Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Munchyhub Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Munchyhub Limited. You consider that Munchyhub Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Munchyhub Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Date: 31 October 2024
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Company registration number: 12921096
Munchyhub Limited
Balance sheet
as at 31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 77,042 14,180
77,042 14,180
Current assets
Debtors 7,845 4,501
Cash at bank and in hand 1,685 602
9,530 5,103
Creditors: amounts falling due within
one year
(149,726) (34,735)
Net current liabilities (140,196) (29,632)
Total assets less current liabilities (63,154) (15,452)
NET LIABILITIES (63,154) (15,452)
Capital and reserves
Called up share capital 100 100
Profit and loss account (63,254) (15,552)
TOTAL EQUITY (63,154) (15,452)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2023.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12921096
Munchyhub Limited
Balance sheet - continued
as at 31 October 2023
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 October 2024 and signed on its behalf by:
Mr B Istrate, Director
31 October 2024
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Munchyhub Limited
Notes to the financial statements
for the year ended 31 October 2023
1 Company information
Munchyhub Limited is a private company registered in England and Wales. Its registered number is 12921096. The company is limited by shares. Its registered office is 100 Phoebe Street, Salford, M5 3PH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Land and buildings:
Short leasehold property - 20% straight line
Plant and machinery:
Plant and machinery - 20% straight line
Computer equipment - 33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Munchyhub Limited
Notes to the financial statements - continued
for the year ended 31 October 2023
3 Average number of employees
During the year the average number of employees was 1 (2022 - 2).
4 Tangible fixed assets
Land and
buildings
Plant and
machinery
Totals
£ £ £
Cost
At 1 November 2022 12,949 3,248 16,197
Additions 57,409 18,759 76,168
At 31 October 2023 70,358 22,007 92,365
Depreciation
At 1 November 2022 525 1,492 2,017
Charge for year 10,762 2,544 13,306
At 31 October 2023 11,287 4,036 15,323
Net book value
At 31 October 2023 59,071 17,971 77,042
At 31 October 2022 12,424 1,756 14,180
5 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022.
2023 2022
£ £
Mr Bogdan Petrus ISTRATE
Balance outstanding at start of year 32,537 9,615
Amounts advanced 133,936 25,616
Amounts repaid (17,795) (2,694)
Balance outstanding at end of year 148,678 32,537
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