MrF1nut Models LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11868476

MrF1nut Models LTD

Filleted Unaudited Financial Statements

31 March 2025

MrF1nut Models LTD

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

MrF1nut Models LTD

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Current assets

Stocks		222,091	192,771
Debtors	6	2,185	3,062
Cash at bank and in hand		1,866	8,788
		---------	---------
		226,142	204,621

Creditors: amounts falling due within one year	7	194,314		176,896
		---------		---------
Net current assets			31,828		27,725
			--------		--------
Total assets less current liabilities			31,828		27,725
			--------		--------
Net assets			31,828		27,725
			--------		--------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		31,728	27,625
		--------	--------
Shareholders funds		31,828	27,725
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

MrF1nut Models LTD

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr M Robson

Director

Company registration number: 11868476

MrF1nut Models LTD

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Lambourne Chase, Chelmsford, Essex, CM2 9FF, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	250
	----
Depreciation
At 1 April 2024 and 31 March 2025	250
	----
Carrying amount
At 31 March 2025	–
	----
At 31 March 2024	–
	----

6. Debtors

	2025	2024
	£	£
Other debtors	2,185	3,062
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,278	12,848
Accruals and deferred income	11,449	11,384
Corporation tax	963	9
Director loan accounts	176,624	152,655
	---------	---------
	194,314	176,896
	---------	---------

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. Related party transactions

At the balance sheet date the company owed the director £176,624 (2024: £152,655) in the form of a loan account. This loan, which is shown amongst creditors, is repayable on demand and has been charged interest of £500 (2024: £500).