Mary & Me Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09671377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Mary & Me Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C Cummings

Mrs M M Cummings

SECRETARY:

REGISTERED OFFICE:

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

REGISTERED NUMBER:

09671377 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Intangible assets

4

5,247

7,870

Tangible assets

5

4,243

3,187

9,490

11,057

CURRENT ASSETS

Stocks

35,498

30,253

Debtors

6

848

2,248

Cash at bank and in hand

24,347

28,164

60,693

60,665

CREDITORS

Amounts falling due within one year

7

60,271

51,917

NET CURRENT ASSETS

422

8,748

TOTAL ASSETS LESS CURRENT LIABILITIES

9,912

19,805

PROVISIONS FOR LIABILITIES

849

637

NET ASSETS

9,063

19,168

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,963

19,068

SHAREHOLDERS' FUNDS

9,063

19,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 January 2018 and were signed on its behalf by:

Mr A C Cummings - Director

1.	STATUTORY INFORMATION

Mary & Me Ltd 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

This is the first period that the Company has presented its financial statements under Section 1A of

FRS 102 issued by the Financial Reporting Council. The last financial statements under the previous

GAAP were for the period 31st August 2017 and the date of transition to FRS 102 was therefore 1st

January 2015. There were no changes in the transition from GAAP to Section 1A of FRS 102

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of four 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.

Plant and machinery etc

-

25% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2016

and 31 August 2017

10,494

AMORTISATION

At 1 September 2016

2,624

Charge for year

2,623

At 31 August 2017

5,247

NET BOOK VALUE

At 31 August 2017

5,247

At 31 August 2016

7,870

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

4,149

Additions

3,711

Disposals

(1,324

)

At 31 August 2017

6,536

DEPRECIATION

At 1 September 2016

962

Charge for year

1,634

Eliminated on disposal

(303

)

At 31 August 2017

2,293

NET BOOK VALUE

At 31 August 2017

4,243

At 31 August 2016

3,187

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

595

2,248

Other debtors

253

-

848

2,248

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,626

1

Amounts owed to group undertakings

39,920

39,920

Taxation and social security

835

5,397

Other creditors

9,890

6,599

60,271

51,917

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2017 and

the period ended 31 August 2016:

2017

2016

£

£

Mr A C Cummings

Balance outstanding at start of year

(4,490

)

-

Amounts advanced

-

66

Amounts repaid

(3,500

)

(4,556

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,990

)

(4,490

)

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of Mr and Mrs Cummings due to their majority shareholding

in Long Barn Associates Limited, the parent company.