Registered number
11472951
Mumbles DS Ltd
Filleted Accounts
31 July 2024
Mumbles DS Ltd
Registered number: 11472951
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Intangible assets 3 384,086 384,086
Tangible assets 4 61,616 77,019
445,702 461,105
Current assets
Stocks 3,000 3,000
Debtors 5 11,903 6,280
Cash at bank and in hand 106,991 116,983
121,894 126,263
Creditors: amounts falling due within one year 6 (114,238) (116,368)
Net current assets 7,656 9,895
Total assets less current liabilities 453,358 471,000
Creditors: amounts falling due after more than one year 7 (234,529) (265,397)
Net assets 218,829 205,603
Capital and reserves
Share premium 100 100
Profit and loss account 218,729 205,503
Shareholder's funds 218,829 205,603
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E N Packer
Director
Approved by the board on 30 April 2025
Mumbles DS Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 384,086
At 31 July 2024 384,086
Amortisation
At 31 July 2024 -
Net book value
At 31 July 2024 384,086
At 31 July 2023 384,086
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 1 109,444 109,445
At 31 July 2024 1 109,444 109,445
Depreciation
At 1 August 2023 - 32,426 32,426
Charge for the year - 15,403 15,403
At 31 July 2024 - 47,829 47,829
Net book value
At 31 July 2024 1 61,615 61,616
At 31 July 2023 1 77,018 77,019
5 Debtors 2024 2023
£ £
Trade debtors 1,978 1,830
Other debtors 9,925 4,450
11,903 6,280
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 35,718 35,721
Obligations under finance lease and hire purchase contracts 19,568 22,876
Trade creditors 16,557 15,450
Taxation and social security costs 18,922 10,757
Other creditors 23,473 31,564
114,238 116,368
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 217,178 230,713
Obligations under finance lease and hire purchase contracts 17,351 34,684
234,529 265,397
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
E N Packer
Directors loan (31,564) 46,091 (38,000) (23,473)
(31,564) 46,091 (38,000) (23,473)
9 Controlling party
The controlling party is E N Packer by virtue of shareholding.
10 Other information
Mumbles DS Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Mumbles Dental and Cosmetic Suite
24 Queens Road
Mumbles
Swansea
SA3 4AN
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