Company Registration No. 06828288 (England and Wales)
Mavish Limited
Unaudited accounts
for the year ended 28 February 2022
Mavish Limited
Unaudited accounts
Contents
Mavish Limited
Company Information
for the year ended 28 February 2022
Company Number
06828288 (England and Wales)
Registered Office
182 Baker Street
Enfield
London
EN1 3JY
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Mavish Limited
Statement of financial position
as at 28 February 2022
Tangible assets
12,418
666
Cash at bank and in hand
9,391
26,358
Creditors: amounts falling due within one year
(15,574)
(3,220)
Net current assets
31,641
62,328
Total assets less current liabilities
44,059
62,994
Creditors: amounts falling due after more than one year
(33,333)
(50,000)
Called up share capital
100
100
Profit and loss account
10,626
12,894
Shareholders' funds
10,726
12,994
For the year ending 28 February 2022 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 director acknowledges his 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 and authorised for issue on 29 August 2022 and were signed on its behalf by
Mr B Aydemir
Director
Company Registration No. 06828288
Mavish Limited
Notes to the Accounts
for the year ended 28 February 2022
Mavish Limited is a private company, limited by shares, registered in England and Wales, registration number 06828288. The registered office is 182 Baker Street, Enfield, London, EN1 3JY, United Kingdom.
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.
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.
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:
Plant & machinery
10 years - straight line method
Fixtures & fittings
18% - reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Mavish Limited
Notes to the Accounts
for the year ended 28 February 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2021
-
4,648
4,648
Additions
8,499
5,150
13,649
At 28 February 2022
8,499
9,798
18,297
At 1 March 2021
-
3,982
3,982
Charge for the year
850
1,047
1,897
At 28 February 2022
850
5,029
5,879
At 28 February 2022
7,649
4,769
12,418
At 28 February 2021
-
666
666
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
2,125
2,125
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
-
Taxes and social security
3,986
3,155
7
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).