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REGISTERED NUMBER: 06387372 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MULBERRY MOTOR COMPANY LIMITED

MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MULBERRY MOTOR COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D Chambers
MA Taylor





SECRETARY: D Chambers





REGISTERED OFFICE: Unit 2 Station Road
Little Bytham
Grantham
Lincolnshire
NG33 4RA





REGISTERED NUMBER: 06387372 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,552 4,192
3,552 4,192

CURRENT ASSETS
Stocks 122,222 123,608
Debtors 6 12,663 8,606
Cash at bank 1,504 1
136,389 132,215
CREDITORS
Amounts falling due within one year 7 103,679 71,801
NET CURRENT ASSETS 32,710 60,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,262

64,606

CREDITORS
Amounts falling due after more than one
year

8

33,188

34,217
NET ASSETS 3,074 30,389

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,974 30,289
SHAREHOLDERS' FUNDS 3,074 30,389

MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th January 2025 and were signed on its behalf by:





D Chambers - Director


MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Mulberry Motor Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover 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 2007, 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks 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 Statement of Income and Retained Earnings, 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.


MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The company is party to only the basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 60,000
AMORTISATION
At 1st May 2023
and 30th April 2024 60,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 10,787 1,755 12,542
DEPRECIATION
At 1st May 2023 6,824 1,526 8,350
Charge for year 594 46 640
At 30th April 2024 7,418 1,572 8,990
NET BOOK VALUE
At 30th April 2024 3,369 183 3,552
At 30th April 2023 3,963 229 4,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,000 4,000
Corporation tax 218 218
VAT - 2,913
Deferred tax asset 6,970 -
Prepayments and accrued income 1,475 1,475
12,663 8,606

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,651 6,589
Trade creditors 2,591 8,512
VAT 1,277 -
Other creditors 413 514
Directors' loan accounts 91,845 54,586
Accruals and deferred income 1,902 1,600
103,679 71,801

MULBERRY MOTOR COMPANY LIMITED (REGISTERED NUMBER: 06387372)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,313 5,274
Bank loans - 2-5 years 19,913 22,462
Bank loans more than 5 years
by instalment 6,962 6,481
33,188 34,217

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 6,962 6,481
6,962 6,481

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.