Mulberry Plants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07331755 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2018

for

Mulberry Plants Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J R Barnes

D T J O'Brien

B Holliman

SECRETARY:

Ms F Bruce

REGISTERED OFFICE:

1 Northbury Cottages

Castle End Road

Ruscombe

Reading

Berkshire

RG10 9XH

REGISTERED NUMBER:

07331755 (England and Wales)

ACCOUNTANTS:

Tim O'Brien CA

The Green

Datchet

Berkshire

SL3 9AS

FIXED ASSETS

Tangible assets

4

2,583

3,444

CURRENT ASSETS

Stocks

73,131

74,019

Debtors

5

22,342

25,432

Cash at bank

9,295

25,618

104,768

125,069

CREDITORS

Amounts falling due within one year

6

88,864

108,753

NET CURRENT ASSETS

15,904

16,316

TOTAL ASSETS LESS CURRENT LIABILITIES

18,487

19,760

CREDITORS

Amounts falling due after more than one year

7

54,170

54,170

NET LIABILITIES

(35,683

)

(34,410

)

CAPITAL AND RESERVES

Called up share capital

16,666

16,666

Retained earnings

(52,349

)

(51,076

)

(35,683

)

(34,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:

N J R Barnes - Director

1.	STATUTORY INFORMATION

Mulberry Plants Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 tax. Tax is recognised in the Income Statement, 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 tax

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

have been enacted or substantively enacted by the year end 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 probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2017

and 30 September 2018

10,699

DEPRECIATION

At 1 October 2017

7,255

Charge for year

861

At 30 September 2018

8,116

NET BOOK VALUE

At 30 September 2018

2,583

At 30 September 2017

3,444

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade debtors

22,342

25,432

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

67,584

80,399

Taxation and social security

20,880

28,354

Other creditors

400

-

88,864

108,753

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.18

30.9.17

£

£

Other creditors

54,170

54,170