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Registration number: 10900536

MummyYoga Franchising and Supplies Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

MummyYoga Franchising and Supplies Limited

Contents

Company Information

1

Statement of Comprehensive Income

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

MummyYoga Franchising and Supplies Limited

Company Information

Directors

Mr W Wharton

Dr R Jawadwala

Registered office

54 Hoole Lane
Chester
CH2 3DS

Accountants

Harrison Salmon Associates
Suite 3
Waterside Business Centre
Canal Street
Leigh
WN7 4DB

 

MummyYoga Franchising and Supplies Limited

Statement of Comprehensive Income for the Year Ended 30 April 2024

2024
£

2023
£

Loss for the year

(2,446)

(2,603)

Total comprehensive income for the year

(2,446)

(2,603)

 

MummyYoga Franchising and Supplies Limited

(Registration number: 10900536)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,413

1,884

Current assets

 

Debtors

5

1

32

Cash at bank and in hand

 

558

609

 

559

641

Creditors: Amounts falling due within one year

6

(24,159)

(22,177)

Net current liabilities

 

(23,600)

(21,536)

Total assets less current liabilities

 

(22,187)

(19,652)

Creditors: Amounts falling due after more than one year

6

(3,932)

(3,932)

Provisions for liabilities

(269)

(358)

Net liabilities

 

(26,388)

(23,942)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(26,389)

(23,943)

Shareholders' deficit

 

(26,388)

(23,942)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 March 2025 and signed on its behalf by:
 

.........................................
Dr R Jawadwala
Director

 

MummyYoga Franchising and Supplies Limited

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

1

(23,943)

(23,942)

Loss for the year

-

(2,446)

(2,446)

At 30 April 2024

1

(26,389)

(26,388)

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

1

(21,340)

(21,339)

Loss for the year

-

(2,603)

(2,603)

At 30 April 2023

1

(23,943)

(23,942)

 

MummyYoga Franchising and Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
54 Hoole Lane
Chester
CH2 3DS

These financial statements were authorised for issue by the Board on 31 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors continue to provide financial support to the company to ensure that it meets its obligations as they fall due. The directors believe that the company's approach to mitigating their risks, the customer base and control over the overheads help them deal with much of the expected economic downturn and so continue to adopt the going concern basis of preparation.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

MummyYoga Franchising and Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

MummyYoga Franchising and Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

4,641

4,641

At 30 April 2024

4,641

4,641

Depreciation

At 1 May 2023

2,757

2,757

Charge for the year

471

471

At 30 April 2024

3,228

3,228

Carrying amount

At 30 April 2024

1,413

1,413

At 30 April 2023

1,884

1,884

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

1

Other debtors

 

1

31

   

1

32

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,694

800

Accruals and deferred income

550

550

Other creditors

21,915

20,827

24,159

22,177

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,932

3,932

 

MummyYoga Franchising and Supplies Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,932

3,932