Company Registration No. 07403488 (England and Wales)
Mung Mee Enterprises Ltd
Unaudited accounts
for the year ended 30 September 2024
Mung Mee Enterprises Ltd
Unaudited accounts
Contents
Mung Mee Enterprises Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
6,881
8,095
Cash at bank and in hand
5,161
6,823
Creditors: amounts falling due within one year
(64,383)
(59,046)
Net current liabilities
(47,473)
(43,223)
Total assets less current liabilities
(40,592)
(35,128)
Provisions for liabilities
Deferred tax
(1,525)
(1,525)
Net liabilities
(42,117)
(36,653)
Called up share capital
2
2
Profit and loss account
(42,119)
(36,655)
Shareholders' funds
(42,117)
(36,653)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Mr A Gregson
Director
Company Registration No. 07403488
Mung Mee Enterprises Ltd
Notes to the Accounts
for the year ended 30 September 2024
Mung Mee Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 07403488. The registered office is The Bobbin, 36 Cable Street, Lancaster, Lancashire, LA1 1HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Mung Mee Enterprises Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
At 30 September 2024
35,178
At 30 September 2024
28,297
At 30 September 2024
6,881
At 30 September 2023
8,095
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
6,070
14,275
Taxes and social security
23,875
23,462
Loans from directors
-
17,369
7
Average number of employees
During the year the average number of employees was 12 (2023: 10).