0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-25 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08080606 2023-03-25 2024-03-23 08080606 2024-03-23 08080606 2023-03-24 08080606 2022-03-26 2023-03-24 08080606 2023-03-24 08080606 2022-03-25 08080606 bus:Director1 2023-03-25 2024-03-23 08080606 core:WithinOneYear 2024-03-23 08080606 core:WithinOneYear 2023-03-24 08080606 core:AfterOneYear 2024-03-23 08080606 core:AfterOneYear 2023-03-24 08080606 core:ShareCapital 2024-03-23 08080606 core:ShareCapital 2023-03-24 08080606 core:RetainedEarningsAccumulatedLosses 2024-03-23 08080606 core:RetainedEarningsAccumulatedLosses 2023-03-24 08080606 bus:SmallEntities 2023-03-25 2024-03-23 08080606 bus:AuditExemptWithAccountantsReport 2023-03-25 2024-03-23 08080606 bus:SmallCompaniesRegimeForAccounts 2023-03-25 2024-03-23 08080606 bus:PrivateLimitedCompanyLtd 2023-03-25 2024-03-23 08080606 bus:FullAccounts 2023-03-25 2024-03-23
COMPANY REGISTRATION NUMBER: 08080606
MINT FESTIVAL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
23 March 2024
MINT FESTIVAL LTD
FINANCIAL STATEMENTS
PERIOD ENDED 23 MARCH 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
MINT FESTIVAL LTD
STATEMENT OF FINANCIAL POSITION
23 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
1,433,670
1,616,501
Cash at bank and in hand
221,233
9,076
------------
------------
1,654,903
1,625,577
CREDITORS: amounts falling due within one year
5
( 1,781,431)
( 1,485,175)
------------
------------
NET CURRENT (LIABILITIES)/ASSETS
( 126,528)
140,402
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 126,528)
140,402
CREDITORS: amounts falling due after more than one year
6
( 18,692)
( 21,667)
---------
---------
NET (LIABILITIES)/ASSETS
( 145,220)
118,735
---------
---------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 145,221)
118,734
---------
---------
SHAREHOLDERS (DEFICIT)/FUNDS
( 145,220)
118,735
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 23 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MINT FESTIVAL LTD
STATEMENT OF FINANCIAL POSITION (continued)
23 March 2024
These financial statements were approved by the board of directors and authorised for issue on 20 February 2025 , and are signed on behalf of the board by:
S P Graham
Director
Company registration number: 08080606
MINT FESTIVAL LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 23 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. DEBTORS
2024
2023
£
£
Trade debtors
314,400
416,400
Other debtors
1,119,270
1,200,101
------------
------------
1,433,670
1,616,501
------------
------------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
409,577
440,316
Corporation tax
24,099
Social security and other taxes
31,773
3,287
Amounts due to related companies
1,064,971
976,470
Other creditors
265,110
31,003
------------
------------
1,781,431
1,485,175
------------
------------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
18,692
21,667
--------
--------