Company Registration No. 06439760 (England and Wales)
MUMSTORE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
MUMSTORE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2017
31 December 2017
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
Debtors
3
30,918
30,203
Cash at bank and in hand
89
89
31,007
30,292
Creditors: amounts falling due within one year
4
(92,469)
(86,273)
Net current liabilities
(61,462)
(55,981)
Capital and reserves
Called up share capital
5
200
200
Profit and loss reserves
(61,662)
(56,181)
Total equity
(61,462)
(55,981)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 25 September 2018 and are signed on its behalf by:
Mr K M Clarkson
Mr G Whitby
Director
Director
Company Registration No. 06439760
MUMSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
- 2 -
1
Accounting policies
Company information
Mumstore Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
20 Kathryn Avenue, Huntington, York, YO32 9JS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
A
t the time of approving the financial statements
,
t
he directors have a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for the sales of goods and services during the year net of VAT.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
33% Straight Line
1.5
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand
and
deposits held at call with banks
.
MUMSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017 and 31 December 2017
243
Depreciation and impairment
At 1 January 2017 and 31 December 2017
243
Carrying amount
At 31 December 2017
-
At 31 December 2016
-
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
549
141
Other debtors
30,369
30,062
30,918
30,203
4
Creditors: amounts falling due within one year
2017
2016
£
£
Bank loans and overdrafts
561
4,176
Trade creditors
79,799
69,988
Other creditors
12,109
12,109
92,469
86,273
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
200 Ordinary shares of £1 each
200
200
200
200
MUMSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
- 4 -
6
Related party transactions
During the year the Company made purchases from Paul Stride, a
business
in which Mr Clarkson has an interest
,
of £
13,050
(201
6
- £
12,140 including VAT
).
At the year end the Company owes Paul Stride £
79,799
(20
16
- £
66,764 including VAT
).
The Company did not make any purchases from Natural Sleep Innovations Ltd, a company in which both directors have an interest (201
6
- £Nil).
The Company is owed £Nil
(201
6
-
£Nil
) from Paul Stride.
The Company is owed £Nil (201
6
- £Nil) and £Nil (201
6
- £
Nil
) from Temperate Systems Ltd and Alchemy Products Ltd respectively, companies in which Mr Whitby has an interest.
Included in other debtors is an amount
£
29,683
(201
6
- £
28,758
)
owed by
Natural Sleep Innovations
Ltd.
7
Directors' transactions
Included in other creditors is an amount £10,925
(201
6 -
£
10,925
) owed by the company to the directors.