Company Registration No. 6992163 (England and Wales)
Fresh Mindset (UK) Ltd
Unaudited accounts
for the year ended 31 August 2020
Fresh Mindset (UK) Ltd
Unaudited accounts
Contents
Fresh Mindset (UK) Ltd
Company Information
for the year ended 31 August 2020
Directors
Mr A Harris
Dr N Harris
Secretary
Dr Naomi Harris
Company Number
6992163 (England and Wales)
Registered Office
Suite B6 Swan House, The Park
Market Bosworth
Nuneaton
Warwickshire
CV13 0JN
ENGLAND
Accountants
Lilley & Co (UK) Limited
Suite 6B, Swan House
The Park
Market Bosworth
Warwickshire
CV13 0LJ
Fresh Mindset (UK) Ltd
Statement of financial position
as at
31 August 2020
Tangible assets
2,025
26,656
Cash at bank and in hand
21,793
17,627
Creditors: amounts falling due within one year
(44,307)
(40,898)
Net current (liabilities)/assets
(1,177)
6,904
Total assets less current liabilities
848
33,560
Creditors: amounts falling due after more than one year
-
(20,748)
Provisions for liabilities
Deferred tax
(385)
(5,065)
Called up share capital
4
4
Profit and loss account
459
7,743
Shareholders' funds
463
7,747
For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2021 and were signed on its behalf by
Mr A Harris
Director
Company Registration No. 6992163
Fresh Mindset (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2020
Fresh Mindset (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6992163. The registered office is Suite B6 Swan House, The Park, Market Bosworth, Nuneaton, Warwickshire, CV13 0JN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Fresh Mindset (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2020
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2019
42,938
-
8,508
51,446
Additions
-
-
2,247
2,247
Disposals
(42,938)
(6,486)
-
(49,424)
At 31 August 2020
-
(6,486)
10,755
4,269
At 1 September 2019
18,785
-
6,005
24,790
Charge for the year
-
-
1,468
1,468
On disposals
(18,785)
(5,229)
-
(24,014)
At 31 August 2020
-
(5,229)
7,473
2,244
At 31 August 2020
-
(1,257)
3,282
2,025
At 31 August 2019
24,153
-
2,503
26,656
Trade debtors
8,780
20,708
Accrued income and prepayments
-
1,435
Other debtors
12,557
8,032
Total debtors less than one year
21,337
30,175
Total debtors
21,337
30,175
6
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
6,913
Trade creditors
11,975
151
Taxes and social security
27,940
27,100
Other creditors
4,392
5,368
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
20,748
Fresh Mindset (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to directors - Joint account
-
71,091
60,116
10,975
The balance of loans due from directors at the year-end are included within other debtors.
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).