Mothers Ruin Bristol Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10583911 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 January 2022

for

Mothers Ruin Bristol Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P W J Daly

M Griffiths

REGISTERED OFFICE:

Britannia Court

5 Moor Street

Worcester

Worcestershire

WR1 3DB

REGISTERED NUMBER:

10583911 (England and Wales)

ACCOUNTANTS:

Boyds Accountants

20 Sansome Walk

Worcester

Worcestershire

WR1 1LR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mothers Ruin Bristol Limited for the year ended 28 January 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mothers Ruin Bristol Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mothers Ruin Bristol Limited and state those matters that we have agreed to state to the Board of Directors of Mothers Ruin Bristol Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mothers Ruin Bristol Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mothers Ruin Bristol Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mothers Ruin Bristol Limited. You consider that Mothers Ruin Bristol Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mothers Ruin Bristol Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Boyds Accountants

20 Sansome Walk

Worcester

Worcestershire

WR1 1LR

30 March 2023

FIXED ASSETS

Intangible assets

4

48,000

54,000

Tangible assets

5

11,921

5,124

59,921

59,124

CURRENT ASSETS

Debtors

6

282,790

5,098

Cash at bank and in hand

131,783

31,731

414,573

36,829

CREDITORS

Amounts falling due within one year

7

273,327

77,282

NET CURRENT ASSETS/(LIABILITIES)

141,246

(40,453

)

TOTAL ASSETS LESS CURRENT LIABILITIES

201,167

18,671

PROVISIONS FOR LIABILITIES

1,422

607

NET ASSETS

199,745

18,064

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

199,645

17,964

SHAREHOLDERS' FUNDS

199,745

18,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 January 2022 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 30 March 2023 and were signed on its behalf by:

M Griffiths - Director

P W J Daly - Director

1.	STATUTORY INFORMATION

Mothers Ruin Bristol 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2021 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 January 2021

and 28 January 2022

60,000

AMORTISATION

At 29 January 2021

6,000

Charge for year

6,000

At 28 January 2022

12,000

NET BOOK VALUE

At 28 January 2022

48,000

At 28 January 2021

54,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 29 January 2021

6,165

2,500

8,665

Additions

8,995

2,790

11,785

At 28 January 2022

15,160

5,290

20,450

DEPRECIATION

At 29 January 2021

1,541

2,000

3,541

Charge for year

3,790

1,198

4,988

At 28 January 2022

5,331

3,198

8,529

NET BOOK VALUE

At 28 January 2022

9,829

2,092

11,921

At 28 January 2021

4,624

500

5,124

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.1.22

28.1.21

£

£

Trade debtors

277,692

-

Debtors

5,098

5,098

282,790

5,098

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.1.22

28.1.21

£

£

Trade creditors

3,131

285

Amounts owed to associates

97,535

-

Tax

83,713

28,471

Social security and other taxes

19,738

13,590

VAT

60,817

26,327

Directors' current accounts

2,393

1,609

Accrued expenses

6,000

7,000

273,327

77,282

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.1.22

28.1.21

value:

£

£

85

Ordinary Class A

1

85

85

15

Ordinary Class B

1

15

15

100

100

9.

RESERVES

Retained

earnings

£

At 29 January 2021

17,964

Profit for the year

235,681

Dividends

(54,000

)

At 28 January 2022

199,645

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M Griffiths.