Company registration number: 09012215
Unaudited financial statements
for the year ended 30 April 2025
for
Mounts Bay Linen Hire Ltd
Pages for filing with the Registrar
Company registration number: 09012215
Mounts Bay Linen Hire Ltd
Balance sheet
as at 30 April 2025
30 Apr 25 30 Apr 24
Note £ £ £ £
Fixed assets
Goodwill 4 - 17,000
Tangible assets 5 67,132 62,473
67,132 79,473
Current assets
Stocks 81,589 90,581
Debtors 105,989 93,208
Cash at bank and in hand 20,165 5,986
207,743 189,775
Creditors: amounts falling due within one
year
(100,900) (111,541)
Net current assets 106,843 78,234
Total assets less current liabilities 173,975 157,707
Creditors: Amounts falling due after more
than one year
(68,057) (89,597)
Provisions for liabilities - (2,965)
NET ASSETS 105,918 65,145
Capital and reserves
Called up share capital 2 (2)
Profit and loss account 105,916 65,147
TOTAL EQUITY 105,918 65,145
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09012215
Mounts Bay Linen Hire Ltd
Balance sheet - continued
as at 30 April 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 September 2025 and signed on its behalf by:
Mrs J Wright-Hopkins, Director
1 September 2025
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Mounts Bay Linen Hire Ltd
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
Mounts Bay Linen Hire Ltd is a private company registered in England and Wales. Its registered number is 09012215. The company is limited by shares. Its registered office is Mounts Bay Linen Hire, Unit 7a, Penzance, Cornwall, TR20 8HX.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Goodwill
Goodwill is being amortised on the following basis: Goodwill is amortised on a straight-line basis over its estimated useful life, not exceeding ten years. Goodwill of £17,000 was originally recognised in 2014. No amortisation had previously been charged. In the current year, the goodwill has been fully amortised, and the financial statements reflect this correction..
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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Mounts Bay Linen Hire Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings & Structures:
Improvements to property - 3% reducing balance
Structures & Buildings - 3% straight line
Motor vehicles - 10% straight line
Computer equipment - 25% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 25 (2024 - 25).
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Mounts Bay Linen Hire Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
4 Goodwill
£
Cost
At 1 May 2024 17,000
At 30 April 2025 17,000
Amortisation
Charge for year 17,000
At 30 April 2025 17,000
Net book value
At 30 April 2025 -
At 30 April 2024 17,000
5 Tangible fixed assets
Buildings &
Structures
£
Cost
At 1 May 2024 104,859
Additions 32,910
Disposals (18,915)
At 30 April 2025 118,854
Depreciation
At 1 May 2024 42,386
Charge for year 11,228
Eliminated on disposal (1,892)
At 30 April 2025 51,722
Net book value
At 30 April 2025 67,132
At 30 April 2024 62,473
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Mounts Bay Linen Hire Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the periods ended 30 April 2025 and 30 April 2024.
30 Apr 25 30 Apr 24
£ £
Julia Wright Hopkins
Balance outstanding at start of year (37,635) -
Amounts advanced 69,463 -
Amounts repaid (45,490) -
Balance outstanding at end of year (13,662) -
7 Guarantees and other financial commitments
At 30 April 2025 the company had the following non-cancellable operating lease commitments:

Vehicles

Due within one year: £7,869

Due in more than one year: £19,990

Total commitments: £27,859

Equipment

Due within one year: £22,942

Due in more than one year: £49,596

Total commitments: £72,538

Total operating lease commitments

Due within one year: £30,811

Due in more than one year: £69,586

Total commitments: £100,397

All amounts are shown net of VAT. Vehicle leases are subject to partial VAT recovery (50%). Initial rentals already paid before the balance sheet date are excluded from these totals.
8 Prior year adjustment
During the preparation of these financial statements it was identified that goodwill of £17,000, recognised in 2014, had not been amortised in accordance with the company's accounting policy. The cumulative amortisation that should have been charged in prior periods has now been recognised. As a result, goodwill has been reduced to £nil and opening reserves have been adjusted accordingly.
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Mounts Bay Linen Hire Ltd
Notes to the financial statements - continued
for the year ended 30 April 2025
9 Creditors
Creditors: amounts falling due within one year

Trade creditors £10,489

Taxation and social security £46,929

Accruals and deferred income £4,524

Bank loans and overdrafts £23,665


Other creditors £15,293

Total £100,900

Creditors: amounts falling due after more than one year

Bank loans: £58,378

Finance lease and hire purchase contracts £9,678

Total £68,056
10 Debtors
Debtors due within one year:

Trade debtors £104,130

Prepayments and accrued income £1,858

Total: £105,988

Debtors due after more than one year:

Amounts owed by directors Nil

Other debtors Nil
Total: Nil

Overall debtors: £105,988
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