Molben Limited,Ltd - AccountsLtd - Accounts

Molben Limited,Ltd - AccountsLtd - Accounts

MOLBEN LIMITED - Company Information

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2021-09-01 07354273 2022-08-31 07354273 2021-09-01 2022-08-31 07354273 2021-08-31 07354273 2020-09-01 2021-08-31 07354273 uk-core:WithinOneYear 2021-08-31 07354273 uk-core:WithinOneYear 2022-08-31 07354273 uk-core:ShareCapital 2022-08-31 07354273 uk-core:ShareCapital 2021-08-31 07354273 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 07354273 uk-core:RetainedEarningsAccumulatedLosses 2021-08-31 07354273 uk-bus:Director1 2021-09-01 2022-08-31 07354273 uk-bus:Director2 2021-09-01 2022-08-31 07354273 uk-core:ComputerEquipment 2021-09-01 2022-08-31 07354273 uk-core:MotorVehicles 2021-09-01 2022-08-31 07354273 uk-core:FurnitureFittings 2021-09-01 2022-08-31 07354273 uk-core:ComputerSoftware 2021-08-31 07354273 uk-core:ComputerSoftware 2022-08-31 07354273 uk-core:ComputerSoftware 2021-09-01 2022-08-31 07354273 uk-core:ComputerEquipment 2021-08-31 07354273 uk-core:FurnitureFittings 2021-08-31 07354273 uk-core:MotorVehicles 2021-08-31 07354273 uk-core:MotorVehicles 2022-08-31 07354273 uk-core:FurnitureFittings 2022-08-31 07354273 uk-core:ComputerEquipment 2022-08-31 iso4217:GBP xbrli:pure 07354273 uk-bus:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 07354273 uk-bus:FRS102 2021-09-01 2022-08-31 07354273 uk-bus:FullAccounts 2021-09-01 2022-08-31 07354273 uk-bus:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31
Molben Limited
Registered Number:07354273
For the year ended 31 August 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2022
Molben Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07354273
As at 31 August 2022
Molben Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Intangible assets
553
738
2
Property, plant and equipment
7,838
10,450
3
8,391
11,188
Current assets
Inventories
207,317
43,770
4
Trade and other receivables
43,983
40,185
5
39,545
Cash and cash equivalents
166,526
250,481
290,845
Trade and other payables: amounts falling due within one year
(124,773)
(144,114)
6
166,072
106,367
Net current assets
Total assets less current liabilities
114,758
177,260
114,758
Net assets
177,260
Capital and reserves
Called up share capital
100
100
Retained earnings
114,658
177,160
114,758
177,260
Shareholders' funds
For the year ended 31 August 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D Hepburn Director
Mrs T Hepburn Director
These financial statements were approved and authorised for issue by the Board on 23 March 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2022
Molben Limited
Notes to the Financial Statements
Statutory Information
Molben Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07354273.
Principal place of business:
9 Lake Road
Quarry Wood Industrial Estate
Aylesford
Kent
ME20 7TQ
Registered address:
9 Lake Road
Quarry Wood Industrial Estate
Aylesford
Kent
ME20 7TQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Website 25% Reducing balance
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 August 2022
Molben Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Website
Cost or valuation
£
At 01 September 2021
1,750
At 31 August 2022
1,750
Amortisation
At 01 September 2021
1,012
185
Charge for year
At 31 August 2022
1,197
Net book value
At 31 August 2022
553
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or valuation
At 01 September 2021
25,449
249
12,200
13,000
At 31 August 2022
13,000
12,200
249
25,449
Provision for depreciation and impairment
At 01 September 2021
14,999
144
8,077
6,778
Charge for year
2,612
26
1,031
1,555
At 31 August 2022
17,611
170
9,108
8,333
At 31 August 2022
Net book value
4,667
3,092
79
7,838
At 31 August 2021
6,222
4,123
105
10,450
4. Inventories
2021
2022
£
£
Stocks
43,770
207,317
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6
For the year ended 31 August 2022
Molben Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2022
£
£
Trade debtors
40,185
24,767
Other debtors
-
19,216
43,983
40,185
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Taxation and social security
38,533
48,555
Other creditors
105,581
76,218
144,114
124,773
7. Average number of persons employed
During the year the average number of employees was 3 (2021 : 3)
4 of 4