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Registration number: 10942584

Mabel & Mu Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Mabel & Mu Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

Mabel & Mu Ltd

Company Information

Directors

Mrs D Windsor

Mr AK Perry

Registered office

2 Crag Brow
Bowness-On-Windermere
Cumbria
LA23 3BX

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Mabel & Mu Ltd

Directors' Report for the Year Ended 30 September 2024

The directors present their report and the financial statements for the year ended 30 September 2024.

Directors of the company

The directors who held office during the year were as follows:

Mrs D Windsor

Mr AK Perry

Principal activity

The principal activity of the company is Pet Accessories Manufacture

Small companies provision statement

This report has 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.

Approved by the Board on 27 March 2025 and signed on its behalf by:

.........................................
Mrs D Windsor
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mabel & Mu Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mabel & Mu Ltd for the year ended 30 September 2024 as set out on pages 4 to 10 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Mabel & Mu Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mabel & Mu Ltd and state those matters that we have agreed to state to the Board of Directors of Mabel & Mu Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mabel & Mu Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mabel & Mu Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mabel & Mu Ltd. You consider that Mabel & Mu Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mabel & Mu Ltd. 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 accounts.

......................................

DG Accountancy Services Limited
Chartered Accountants
17 Stonecot Hill
Sutton
Surrey
SM3 9HB

27 March 2025

 

Mabel & Mu Ltd

(Registration number: 10942584)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Stocks

6

39,593

34,592

Debtors

7

8,070

8,100

Cash at bank and in hand

 

29,376

33,451

 

77,039

76,143

Creditors: Amounts falling due within one year

8

(27,482)

(23,168)

Net assets

 

49,557

52,975

Capital and reserves

 

Called up share capital

17,000

17,000

Retained earnings

32,557

35,975

Shareholders' funds

 

49,557

52,975

 

Mabel & Mu Ltd

(Registration number: 10942584)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mrs D Windsor
Director

   
     
 

Mabel & Mu Ltd

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

Share capital
£

Retained earnings
£

Total
£

At 1 October 2023

17,000

35,975

52,975

Profit for the year

-

39,458

39,458

Dividends

-

(42,876)

(42,876)

At 30 September 2024

17,000

32,557

49,557

Share capital
£

Retained earnings
£

Total
£

At 1 October 2022

17,000

27,940

44,940

Profit for the year

-

38,941

38,941

Dividends

-

(30,906)

(30,906)

At 30 September 2023

17,000

35,975

52,975

 

Mabel & Mu Ltd

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

1

General information

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

The address of its registered office is:
2 Crag Brow
Bowness-On-Windermere
Cumbria
LA23 3BX

These financial statements were authorised for issue by the Board on 27 March 2025.

2

Accounting policies

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.

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.

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

Motor vehicles

33% on cost

Office equipment

33% on cost

 

Mabel & Mu Ltd

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Useful life of 5 years

3

Staff numbers

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

 

Mabel & Mu Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

4,260

4,260

At 30 September 2024

4,260

4,260

Amortisation

At 1 October 2023

4,260

4,260

At 30 September 2024

4,260

4,260

Carrying amount

At 30 September 2024

-

-

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 October 2023

2,105

2,105

At 30 September 2024

2,105

2,105

Depreciation

At 1 October 2023

2,105

2,105

At 30 September 2024

2,105

2,105

Carrying amount

At 30 September 2024

-

-

6

Stocks

2024
£

2023
£

Other inventories

39,593

34,592

7

Debtors

Current

2024
£

2023
£

Prepayments

5,000

5,000

Other debtors

3,070

3,100

 

8,070

8,100

 

Mabel & Mu Ltd

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

14,608

16,478

Other creditors

12,874

6,690

27,482

23,168