Muglamania Limited Filleted accounts for Companies House (small and micro)
Muglamania Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05528216
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Financial Statements |
Year ended 31 August 2023
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 6 |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
7 |
(
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(
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-------- |
-------- |
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Net current liabilities |
(
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(
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-------- |
-------- |
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Total assets less current liabilities |
(
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(
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Provisions |
(
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– |
------- |
-------- |
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Net liabilities |
(
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(
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------- |
-------- |
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Capital and reserves
Called up share capital |
9 |
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Profit and loss account |
(
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(
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------- |
-------- |
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Shareholders deficit |
(
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(
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------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
7 March 2024
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05528216
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Notes to the Financial Statements |
Year ended 31 August 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Caerfega Farm, Solva, Haverfordwest, Pembrokeshire, SA62 6XN, Wales.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Revenue recognition
Taxation
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:
Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
25% reducing balance |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
4.
Tax on profit/(loss)
Major components of tax expense/(income)
2023 |
2022 |
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£ |
£ |
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Current tax:
UK current tax income |
– |
(
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Deferred tax:
Origination and reversal of timing differences |
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– |
---- |
---- |
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Tax on profit/(loss) |
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(
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---- |
---- |
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5.
Tangible assets
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 2022 |
– |
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4,035 |
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Additions |
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– |
– |
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-------- |
------- |
------- |
-------- |
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At 31 August 2023 |
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4,035 |
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-------- |
------- |
------- |
-------- |
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Depreciation |
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At 1 September 2022 |
– |
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2,749 |
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Charge for the year |
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322 |
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-------- |
------- |
------- |
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At 31 August 2023 |
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3,071 |
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-------- |
------- |
------- |
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Carrying amount |
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At 31 August 2023 |
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964 |
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-------- |
------- |
------- |
-------- |
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At 31 August 2022 |
– |
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1,286 |
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-------- |
------- |
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6.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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---- |
------- |
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------- |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Other creditors |
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-------- |
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8.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023 |
2022 |
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£ |
£ |
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Included in provisions |
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– |
---- |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2023 |
2022 |
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£ |
£ |
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Accelerated capital allowances |
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– |
Unused tax losses |
(
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– |
------- |
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334 |
– |
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------- |
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9.
Called up share capital
Issued, called up and fully paid
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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10.
Related party transactions
The company was under the control of
Mr C H Julien
, the director, during the current and previous year by virtue of his majority shareholding. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.