REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JANUARY 2024 |
FOR |
MULBERRY DESIGN & BUILD (KENT) LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JANUARY 2024 |
FOR |
MULBERRY DESIGN & BUILD (KENT) LTD |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MULBERRY DESIGN & BUILD (KENT) LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 JANUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor |
Egerton House |
68 Baker Street |
Weybridge |
Surrey |
KT13 8AL |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
BALANCE SHEET |
29 JANUARY 2024 |
29.1.24 | 29.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Mulberry Design & Build (Kent) Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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 etc - 15% on cost. |
Current & deferred tax |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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. |
Hire purchase commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JANUARY 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 30 January 2023 |
and 29 January 2024 |
DEPRECIATION |
At 30 January 2023 |
Charge for year |
At 29 January 2024 |
NET BOOK VALUE |
At 29 January 2024 |
At 29 January 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 30 January 2023 |
and 29 January 2024 |
DEPRECIATION |
At 30 January 2023 |
Charge for year |
At 29 January 2024 |
NET BOOK VALUE |
At 29 January 2024 |
At 29 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.1.24 | 29.1.23 |
£ | £ |
Trade debtors |
Other debtors |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JANUARY 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.1.24 | 29.1.23 |
£ | £ |
Bank loans and overdrafts (see note 8) |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.1.24 | 29.1.23 |
£ | £ |
Bank loans (see note 8) |
Hire purchase contracts |
8. | LOANS |
An analysis of the maturity of loans is given below: |
29.1.24 | 29.1.23 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.1.24 | 29.1.23 |
value: | £ | £ |
Ordinary shares | £1 | 100 | 100 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 29 January 2024 and 29 January 2023: |
29.1.24 | 29.1.23 |
£ | £ |
Director |
Balance outstanding at start of year | 3,050 | (734,945 | ) |
Amounts advanced | - | 739,895 |
Amounts repaid | (3,000 | ) | (1,900 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | 50 | 3,050 |
MULBERRY DESIGN & BUILD (KENT) LTD (REGISTERED NUMBER: 10113684) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 JANUARY 2024 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
Director |
Balance outstanding at start of year | 50 | 50 |
Amounts repaid | - | - |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | 50 | 50 |
11. | GOING CONCERN |
At the balance sheet date company has net liabilities of £2,130,604 (2023 - net liabilities of £2,093,911). The company meets its day to day working capital requirements through loans from related parties. |
On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustment that would result from the company not being a going concern. |