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COMPANY REGISTRATION NUMBER: 08980732
Contented Mind Limited
Filleted Unaudited Financial Statements
31 October 2024
Contented Mind Limited
Financial Statements
Period to cessation from 1 May 2023 to 31 October 2024
Contents
Pages
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements
1
Balance sheet
2
Notes to the financial statements
3 to 6
Contented Mind Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Contented Mind Limited
Period to cessation from 1 May 2023 to 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Contented Mind Limited for the period to cessation ended 31 October 2024, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Contented Mind Limited in accordance with the terms of our engagement letter dated 1 November 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Contented Mind Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Contented Mind Limited and its director for our work or for this report.
It is your duty to ensure that Contented Mind Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Contented Mind Limited. You consider that Contented Mind Limited is exempt from the statutory audit requirement for the period to cessation. We have not been instructed to carry out an audit or a review of the financial statements of Contented Mind Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MILLER DAVIES LLP Chartered accountants
A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN
17 February 2025
Contented Mind Limited
Balance Sheet
31 October 2024
31 Oct 24
30 Apr 23
Note
£
£
£
Current assets
Debtors
6
1,045
398
Cash at bank and in hand
8,973
-------
-------
1,045
9,371
Creditors: amounts falling due within one year
7
32,745
37,820
--------
--------
Net current liabilities
31,700
28,449
--------
--------
Total assets less current liabilities
( 31,700)
( 28,449)
--------
--------
Net liabilities
( 31,700)
( 28,449)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 31,701)
( 28,450)
--------
--------
Shareholders deficit
( 31,700)
( 28,449)
--------
--------
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 profit and loss account has not been delivered.
For the period to cessation ending 31 October 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 to cessation in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
Miss R L Hill
Director
Company registration number: 08980732
Contented Mind Limited
Notes to the Financial Statements
Period to cessation from 1 May 2023 to 31 October 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 A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.
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, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
25% straight line
Office equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the period to cessation amounted to Nil (2023: 1 ).
5. Tangible assets
Plant & machinery
Office equipment
Total
£
£
£
Cost
At 1 May 2023
2,700
4,951
7,651
Disposals
( 2,700)
( 4,951)
( 7,651)
-------
-------
-------
At 31 October 2024
-------
-------
-------
Depreciation
At 1 May 2023
2,700
4,951
7,651
Disposals
( 2,700)
( 4,951)
( 7,651)
-------
-------
-------
At 31 October 2024
-------
-------
-------
Carrying amount
At 31 October 2024
-------
-------
-------
At 30 April 2023
-------
-------
-------
6. Debtors
31 Oct 24
30 Apr 23
£
£
Other debtors
1,045
398
-------
----
7. Creditors: amounts falling due within one year
31 Oct 24
30 Apr 23
£
£
Trade creditors
90
Other creditors
32,745
37,730
--------
--------
32,745
37,820
--------
--------
8. Financial instruments
The carrying amount for each category of financial instrument is as follows:
31 Oct 24
30 Apr 23
£
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
8,973
----
-------
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
32,746
37,821
--------
--------
9. Director's advances, credits and guarantees
During the period to cessation the director entered into the following advances and credits with the company:
31 Oct 24
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Miss R L Hill
( 36,320)
4,985
( 31,335)
--------
-------
--------
30 Apr 23
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Miss R L Hill
( 34,093)
( 2,227)
( 36,320)
--------
-------
--------