Mootress Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09411106 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2019

FOR

MOOTRESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N E F England

REGISTERED OFFICE:

Triple Crown House

Off Llantwit Major Road

Llandow

Vale of Glamorgan

CF71 7PB

REGISTERED NUMBER:

09411106 (England and Wales)

ACCOUNTANTS:

Aspen Waite Corporate Solutions

Aspen Marketing Limited

Chartered Certified Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

CURRENT ASSETS

Debtors

3

56,867

6,564

Cash in hand

(5

)

544

56,862

7,108

CREDITORS

Amounts falling due within one year

4

(308,685

)

(160,004

)

NET CURRENT LIABILITIES

(251,823

)

(152,896

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(251,823

)

(152,896

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(251,923

)

(152,996

)

(251,823

)

(152,896

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the director on 18th November 2019 and were signed by:

N E F England - Director

1.	STATUTORY INFORMATION

Mootress Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.

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.

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred.

Development expenditure is written off in the same year unless the directors are satisfied as to the technical,

commercial and financial viability of individual projects. In the situation, the expenditure is deferred and

amortised over the period from which the company is expected to benefit.

Going concern basis

The Directors have a reasonable expectation that the company has adequate resources to continue in operational

existence for the foreseeable future. The Directors continue to adopt the going concern basis of accounting in

preparing the financial statements.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/19

31/7/18

£

£

Trade debtors

-

4,650

Amounts owed by group undertakings

100

100

Other debtors

2,434

1,434

Tax

29,167

-

VAT

25,166

380

56,867

6,564

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/19

31/7/18

£

£

Trade creditors

161,459

4,589

Amounts owed to group undertakings

146,226

155,415

Accruals and deferred income

1,000

-

308,685

160,004