Company Registration No. 08493900 (England and Wales)
White Mulberries Ltd
Unaudited accounts
for the year ended 30 April 2024
White Mulberries Ltd
Unaudited accounts
Contents
White Mulberries Ltd
Company Information
for the year ended 30 April 2024
Directors
Mrs Rana Chavmeh
Mr Peyman Darban
Company Number
08493900 (England and Wales)
Registered Office
C/O Gains Accountants
Queen Elizabeth Olympic Park
Plexal - 4 East Bay Lane
E20 3BS
United Kingdom
Accountants
Gains Accountants
Queen Elizabeth Olympic Park
Plexal, 14 East Bay Lane
London
E20 3BS
White Mulberries Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
32,818
22,983
Cash at bank and in hand
565,135
468,997
Creditors: amounts falling due within one year
(243,319)
(125,521)
Net current assets
362,244
396,704
Total assets less current liabilities
395,062
419,687
Creditors: amounts falling due after more than one year
(10,833)
(20,833)
Net assets
384,229
398,854
Called up share capital
100
100
Profit and loss account
384,129
398,754
Shareholders' funds
384,229
398,854
For the year ending 30 April 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by
Mrs Rana Chavmeh
Director
Company Registration No. 08493900
White Mulberries Ltd
Notes to the Accounts
for the year ended 30 April 2024
White Mulberries Ltd is a private company, limited by shares, registered in England and Wales, registration number 08493900. The registered office is C/O Gains Accountants, Queen Elizabeth Olympic Park, Plexal - 4 East Bay Lane, E20 3BS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over the life of lease
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost or over the life of lease
Computer equipment
20% on cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
White Mulberries Ltd
Notes to the Accounts
for the year ended 30 April 2024
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
9,700
42,159
84,276
2,269
138,404
Additions
4,655
11,659
3,632
-
19,946
At 30 April 2024
14,355
53,818
87,908
2,269
158,350
At 1 May 2023
2,252
31,937
80,012
1,220
115,421
Charge for the year
584
5,579
3,381
567
10,111
At 30 April 2024
2,836
37,516
83,393
1,787
125,532
At 30 April 2024
11,519
16,302
4,515
482
32,818
At 30 April 2023
7,448
10,222
4,264
1,049
22,983
Amounts falling due within one year
Trade debtors
2,202
17,766
Accrued income and prepayments
18,226
15,462
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
140,167
22,349
Taxes and social security
80,334
83,020
Other creditors
2,282
22,976
Loans from directors
(35,068)
(91,909)
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Creditors: amounts falling due after more than one year
2024
2023
White Mulberries Ltd
Notes to the Accounts
for the year ended 30 April 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Operating lease commitments
2024
2023
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
79,500
79,500
Later than one year and not later than five years
322,000
322,000
Later than five years
274,000
354,500
At the year-end, £35,068 was owed by Rana Chavmeh and Peyman Darban to the company (FY 2023: £91,909). The outstanding director's loan has been paid within nine months after the year-end.
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Average number of employees
During the year the average number of employees was 34 (2023: 24).