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REGISTERED NUMBER: 12922062 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

M AND M (TUNBRIDGE WELLS) LIMITED

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M AND M (TUNBRIDGE WELLS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: Ms M J Atkinson
Mr M R T Field





REGISTERED OFFICE: 46 St. John's Road
Tunbridge Wells
Kent
TN4 9NT





REGISTERED NUMBER: 12922062 (England and Wales)





ACCOUNTANTS: Kings Chartered Accountants
4 Grovelands
Boundary Way
Hemel Hempstead
Hertfordshire
HP2 7TE

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 137,818 159,296
Tangible assets 5 922,464 936,751
1,060,282 1,096,047

CURRENT ASSETS
Debtors 6 4,569 15,225
Cash at bank and in hand 204,316 168,635
208,885 183,860
CREDITORS
Amounts falling due within one year 7 123,993 150,802
NET CURRENT ASSETS 84,892 33,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,145,174

1,129,105

CREDITORS
Amounts falling due after more than one
year

8

(882,933

)

(904,617

)

PROVISIONS FOR LIABILITIES 10 (21,984 ) (26,172 )
NET ASSETS 240,257 198,316

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 240,157 198,216
SHAREHOLDERS' FUNDS 240,257 198,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

BALANCE SHEET - continued
31 October 2024


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 14 February 2025 and were signed on its behalf by:





Ms M J Atkinson - Director


M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

M and M (Tunbridge Wells) 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. Turnover includes revenue earned from the provision of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, 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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - Straight line over 3 years

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets,are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 214,781
AMORTISATION
At 1 November 2023 55,485
Amortisation for year 21,478
At 31 October 2024 76,963
NET BOOK VALUE
At 31 October 2024 137,818
At 31 October 2023 159,296

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 832,000 82,534 76,202 2,009 992,745
Additions - 11,569 6,868 1,612 20,049
At 31 October 2024 832,000 94,103 83,070 3,621 1,012,794
DEPRECIATION
At 1 November 2023 - 18,132 37,126 736 55,994
Charge for year - 17,544 15,865 927 34,336
At 31 October 2024 - 35,676 52,991 1,663 90,330
NET BOOK VALUE
At 31 October 2024 832,000 58,427 30,079 1,958 922,464
At 31 October 2023 832,000 64,402 39,076 1,273 936,751

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,041 3,139
Other debtors - 10,000
Prepayments and accrued income 2,528 2,086
4,569 15,225

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 30,518 30,518
Trade creditors 7,738 6,031
Taxation 37,572 36,310
Social security and other taxes 153 1,177
Other creditors 9,436 39,332
Directors' current accounts 36,478 35,515
Accruals 2,098 1,919
123,993 150,802

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 30,518 30,518
Bank loans - 2-5 years 91,553 91,553
Bank loans more than 5 years
by instalments 670,862 692,546
Directors' loan accounts 90,000 90,000
882,933 904,617

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 670,862 692,546
670,862 692,546

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 823,451 845,135

The bank loan is secured by way of a charge on the freehold property.

M AND M (TUNBRIDGE WELLS) LIMITED (REGISTERED NUMBER: 12922062)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

10. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax
Accelerated capital allowances 21,984 26,172

Deferred
tax
£   
Balance at 1 November 2023 26,172
Credit to Statement of Income and Retained Earnings during year (4,188 )
Balance at 31 October 2024 21,984

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100