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Registered number: 15035522









MAMA'S COTTAGE MUSHROOMS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JULY 2024

 
MAMA'S COTTAGE MUSHROOMS LIMITED
REGISTERED NUMBER: 15035522

BALANCE SHEET
AS AT 30 JULY 2024

2024
Note
£

Fixed assets
  

Tangible assets
 4 
6,568

  
6,568

Current assets
  

Stocks
  
10,050

Debtors: amounts falling due within one year
 6 
1,824

Cash at bank and in hand
 7 
3,496

  
15,370

Creditors: amounts falling due within one year
  
(15,958)

Net current (liabilities)/assets
  
 
 
(588)

Total assets less current liabilities
  
5,980

  

Net assets
  
5,980


Capital and reserves
  

Called up share capital 
  
6

Profit and loss account
  
5,974

  
5,980



 
MAMA'S COTTAGE MUSHROOMS LIMITED
REGISTERED NUMBER: 15035522
    
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K L Schenk
Director

Date: 15 July 2025

The notes on  form part of these financial statements.


 
MAMA'S COTTAGE MUSHROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

1.


General information

Mama's Cottage Mushrooms Limited is a private limited company, limited by shares, incorporated in England and Wales, with it's registered office and principal place of business at Oak Garage, Garden Cottages, Longden, Shropshire, SY5 0XJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.


 
MAMA'S COTTAGE MUSHROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


 
MAMA'S COTTAGE MUSHROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
            No.






Employees
2


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


Additions
6,425
1,904
8,329



At 30 July 2024

6,425
1,904
8,329



Depreciation


Charge for the year on owned assets
1,285
476
1,761



At 30 July 2024

1,285
476
1,761



Net book value



At 30 July 2024
5,140
1,428
6,568


 
MAMA'S COTTAGE MUSHROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

5.


Stocks

2024
£

Stock
10,050

10,050



6.


Debtors

2024
£


Other debtors
1,824

1,824



7.


Cash and cash equivalents

2024
£

Cash at bank and in hand
3,496

3,496



8.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
15,958

15,958



 
MAMA'S COTTAGE MUSHROOMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JULY 2024

9.


Share capital

2024
£
Allotted, called up and fully paid


6 Ordinary shares shares of £1.00 each
6