Registered number
12995878
BYMOLLIE LTD
Filleted Accounts
30 November 2023
BYMOLLIE LTD
Registered number: 12995878
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,052 1,355
Current assets
Stocks 11,187 7,387
Debtors 4 8,546 10,383
Cash at bank and in hand 45,809 44,896
65,542 62,666
Creditors: amounts falling due within one year 5 (16,750) (11,164)
Net current assets 48,792 51,502
Total assets less current liabilities 49,844 52,857
Creditors: amounts falling due after more than one year 6 - (5,436)
Net assets 49,844 47,421
Capital and reserves
Called up share capital 1 1
Profit and loss account 49,843 47,420
Shareholder's funds 49,844 47,421
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mollie Jane Shannon
Director
Approved by the board on 13 November 2024
BYMOLLIE LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 1,512
At 30 November 2023 1,512
Depreciation
At 1 December 2022 157
Charge for the year 303
At 30 November 2023 460
Net book value
At 30 November 2023 1,052
At 30 November 2022 1,355
4 Debtors 2023 2022
£ £
Trade debtors 8,546 10,383
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 306 5,345
Taxation and social security costs 1,611 3,011
Director's account 14,833 2,808
16,750 11,164
6 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors - 5,436
7 Controlling party
Mollie Jane Shannon is the ultimate controlling party. Mollie Jane Shannon holds 100% of the issued shared capital and is therefore deemed the ultimate controlling party.
8 Other information
BYMOLLIE LTD is a private company limited by shares and incorporated in England. Its registered office is:
White Owl Barn
London Road
Addington
West Malling
ME19 5DD
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