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Company Registration No. 06828288 (England and Wales)
Mavish Limited Unaudited accounts for the year ended 28 February 2022
Mavish Limited Unaudited accounts Contents
Page
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Mavish Limited Company Information for the year ended 28 February 2022
Director
Mr B Aydemir
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
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Mavish Limited Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,418 
666 
Current assets
Inventories
29,440 
27,090 
Debtors
8,384 
12,100 
Cash at bank and in hand
9,391 
26,358 
47,215 
65,548 
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)
Net assets
10,726 
12,994 
Capital and reserves
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
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Mavish Limited Notes to the Accounts for the year ended 28 February 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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.
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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 
Depreciation
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 
Net book value
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 
Other debtors
6,259 
9,975 
8,384 
12,100 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
- 
VAT
1,190 
- 
Trade creditors
398 
65 
Taxes and social security
3,986 
3,155 
15,574 
3,220 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
33,333 
50,000 
8
Share capital
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).
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