Mulberry Capital Limited - Abbreviated accounts

MULBERRY CAPITAL LIMITED - Company Information

Registered number

04362349

Mulberry Capital Limited

Abbreviated Accounts

31 March 2015

Mulberry Capital Limited

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Mulberry Capital Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the abbreviated accounts of Mulberry Capital Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, I am subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Mulberry Capital Limited, as a body, in accordance with the terms of my engagement letter dated 10 August 2012. My work has been undertaken solely to prepare for your approval the accounts of Mulberry Capital Limited and state those matters that I have agreed to state to the Board of Directors of Mulberry Capital Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Mulberry Capital Limited and its Board of Directors as a body for my work or for this report.
It is your duty to ensure that Mulberry Capital Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mulberry Capital Limited. You consider that Mulberry Capital Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the accounts of Mulberry Capital Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the abbreviated accounts.

Monica Irwin FCA
Chartered Accountants
1 Barn Close
Cumnor Hill
Oxford
Oxfordshire
OX2 9JP

16 December 2015

Mulberry Capital Limited
Registered number:		04362349
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		15			34,367

Current assets
Debtors		8,744			8,904
Cash at bank and in hand		272,019			246,036
		280,763			254,940

Creditors: amounts falling due within one year		(15,272)			(18,824)

Net current assets			265,491			236,116

Net assets			265,506			270,483

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			265,504			270,481

Shareholder's funds			265,506			270,483

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



G A J Thorne
Director
Approved by the board on 16 December 2015

Mulberry Capital Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
	Turnover includes income received from the Court settlement.
	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures & Fittings			25% reducing balance
	Computer Equipment			33% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					50,894
	Disposals					(46,772)
	At 31 March 2015					4,122

	Depreciation
	At 1 April 2014					16,527
	Charge for the year					5
	On disposals					(12,425)
	At 31 March 2015					4,107

	Net book value
	At 31 March 2015					15
	At 31 March 2014					34,367


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


4	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	G A J Thorne	1,677		-		1,677		-

		1,677		-		1,677		-