MFAlchemists Ltd 31/10/2022 iXBRL
MFAlchemists Ltd 31/10/2022 iXBRL
Company registration number:
09279464
Trading as
Mr Flavour
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Company number |
|
|
Registered office |
|
|
|
||
|
||
Business address |
|
|
|
||
|
||
|
||
Accountants |
|
|
Emery House | ||
195 Fog Lane | ||
Manchester | ||
M20 6FJ | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of MFAlchemists Ltd
Year ended 31 October 2022
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 October 2022 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Emery House
195 Fog Lane
Manchester
M20 6FJ
31 July 2023
Abridged statement of financial position
31 October 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Debtors |
|
|
|||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Shareholders deficit |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2023
, and are signed on behalf of the board by:
Director
Company registration number:
09279464
Statement of changes in equity
Year ended 31 October 2022
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 November 2020 |
|
(
|
(
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
Dividends paid and payable |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
(
|
(
|
||
_______ | _______ | _______ | |||
At 31 October 2021 and 1 November 2021 |
|
(
|
(
|
||
Profit for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
_______ | _______ | _______ | |||
At 31 October 2022 |
|
(
|
(
|
||
_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 31 October 2022
1.
General information
The company is a private company limited by shares, registered in U.K. The address of the registered office is Emery House, 195 Fog Lane, Manchester, M20 6FJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Staff costs
The average number of persons employed by the company during the year amounted to Nil (2021:
2
).
The aggregate payroll costs incurred during the year were:
2022 | 2021 | |||
£ | £ | |||
Wages and salaries |
|
|
||
_______ | _______ | |||
5.
Tangible assets
£ | ||
Cost | ||
At 1 November 2021 |
|
|
Additions |
|
|
_______ | ||
At 31 October 2022 |
|
|
_______ | ||
Depreciation | ||
At 1 November 2021 and 31 October 2022 | - | |
_______ | ||
Carrying amount | ||
At 31 October 2022 |
|
|
_______ | ||
At 31 October 2021 |
|
|
_______ | ||
6.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
|
|
- |
|
|
|
|
|
- |
|
|
_______ | _______ | _______ | _______ | ||
|
|
- |
|
||
_______ | _______ | _______ | _______ | ||
2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
|
|
(
|
6,101 | |
|
|
|
(
|
|
|
_______ | _______ | _______ | _______ | ||
|
|
(
|
16,222 | ||
_______ | _______ | _______ | _______ | ||