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 2020

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

1,452

1,937

CURRENT ASSETS

Stocks

79,672

89,250

Debtors

5

42,936

72,325

Cash at bank

46,493

22,328

169,101

183,903

CREDITORS

Amounts falling due within one year

6

90,384

123,712

NET CURRENT ASSETS

78,717

60,191

TOTAL ASSETS LESS CURRENT LIABILITIES

80,169

62,128

CREDITORS

Amounts falling due after more than one year

7

94,673

53,790

NET (LIABILITIES)/ASSETS

(14,504

)

8,338

CAPITAL AND RESERVES

Called up share capital

16,666

16,666

Retained earnings

(31,170

)

(8,328

)

(14,504

)

8,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 and authorised for issue on 24 May 2021 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2019

and 30 September 2020

10,699

DEPRECIATION

At 1 October 2019

8,762

Charge for year

485

At 30 September 2020

9,247

NET BOOK VALUE

At 30 September 2020

1,452

At 30 September 2019

1,937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade debtors

42,936

72,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans and overdrafts

6,246

-

Trade creditors

51,839

97,423

Taxation and social security

31,899

25,889

Other creditors

400

400

90,384

123,712

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.20

30.9.19

£

£

Bank loans

43,754

-

Other creditors

50,919

53,790

94,673

53,790