Mulberry Inc. Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06207414 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

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

REGISTERED OFFICE:

Ground Floor

Marlborough House

298 Regents Park Road

London

N3 2SZ

REGISTERED NUMBER:

06207414 (England and Wales)

FIXED ASSETS

Tangible assets

4

9,966

15,024

CURRENT ASSETS

Stocks

318

3,151

Debtors

5

-

1,500

318

4,651

CREDITORS

Amounts falling due within one year

6

93,701

91,075

NET CURRENT LIABILITIES

(93,383

)

(86,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(83,417

)

(71,400

)

CREDITORS

Amounts falling due after more than one year

7

10,328

12,664

NET LIABILITIES

(93,745

)

(84,064

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(93,845

)

(84,164

)

SHAREHOLDERS' FUNDS

(93,745

)

(84,064

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 25 January 2024 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.

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 NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

126,097

Disposals

(4,900

)

At 30 April 2023

121,197

DEPRECIATION

At 1 May 2022

111,073

Charge for year

4,433

Eliminated on disposal

(4,275

)

At 30 April 2023

111,231

NET BOOK VALUE

At 30 April 2023

9,966

At 30 April 2022

15,024

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Other debtors

-

1,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

3,699

618

Other creditors

90,002

90,457

93,701

91,075

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans

10,328

12,664

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.23

30.4.22

£

£

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.