Mulberry Inc. Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06207414 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2019

for

Mulberry Inc. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G L Sheppard

Mrs T L Sheppard

SECRETARY:

WM Business Services Limited

REGISTERED OFFICE:

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

06207414 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

2nd Floor Dagnall House

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Tangible assets

4

25,763

33,493

CURRENT ASSETS

Debtors

5

700

-

Cash at bank

754

-

1,454

-

CREDITORS

Amounts falling due within one year

6

87,754

108,446

NET CURRENT LIABILITIES

(86,300

)

(108,446

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,537

)

(74,953

)

CREDITORS

Amounts falling due after more than one year

7

-

383

NET LIABILITIES

(60,537

)

(75,336

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(60,637

)

(75,436

)

SHAREHOLDERS' FUNDS

(60,537

)

(75,336

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2019 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 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 by the Board of Directors on 22nd January 2020 and were signed on its behalf by:

G L Sheppard - Director

1.	STATUTORY INFORMATION

Mulberry Inc. 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.

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.

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.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2018

117,748

Additions

859

At 30th April 2019

118,607

DEPRECIATION

At 1st May 2018

84,255

Charge for year

8,589

At 30th April 2019

92,844

NET BOOK VALUE

At 30th April 2019

25,763

At 30th April 2018

33,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2018

28,577

Transfer to ownership

(28,577

)

At 30th April 2019

-

DEPRECIATION

At 1st May 2018

19,535

Transfer to ownership

(19,535

)

At 30th April 2019

-

NET BOOK VALUE

At 30th April 2019

-

At 30th April 2018

9,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

700

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

1,631

Hire purchase contracts

383

6,472

Other creditors

87,371

100,343

87,754

108,446

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

-

383

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hope and Fury Loan

74,920

74,920

The loan is secured by a fixed charge over the company's fixed assets.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G L Sheppard.

10.	GOING CONCERN

These accounts have been prepared on the basis that the company's creditors will not withdraw their facilities in

the foreseeable future.