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COMPANY REGISTRATION NUMBER: 07083196
Milan's Dhosa Express Limited
Filleted Unaudited Financial Statements
31 January 2023
Milan's Dhosa Express Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
6
22,017
28,897
Current assets
Stocks
14,968
10,506
Debtors
7
30,498
13,037
Cash at bank and in hand
79,737
60,861
---------
--------
125,203
84,404
Creditors: amounts falling due within one year
8
42,579
73,795
---------
--------
Net current assets
82,624
10,609
---------
--------
Total assets less current liabilities
104,641
39,506
Creditors: amounts falling due after more than one year
9
39,777
48,765
Provisions
Taxation including deferred tax
2,146
5,256
---------
--------
Net assets/(liabilities)
62,718
( 14,515)
---------
--------
Capital and reserves
Called up share capital
6
6
Profit and loss account
62,712
( 14,521)
--------
--------
Shareholders funds/(deficit)
62,718
( 14,515)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Milan's Dhosa Express Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
Mr J Doshi
Director
Company registration number: 07083196
Milan's Dhosa Express Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78 Green Lane Road, Leicester, LE5 3TJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
20% straight line
Computer equipment
-
33% straight line
Fixtures & fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 8 ).
5. Unlawful dividends
Dividends were issued during the year when there were insufficient reserves in the company.
6. Tangible assets
Land and buildings
Computer equipment
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Feb 2022 and 31 Jan 2023
4,672
1,872
57,872
35,389
919
100,724
-------
-------
--------
--------
----
---------
Depreciation
At 1 Feb 2022
934
1,872
48,329
19,813
879
71,827
Charge for the year
935
2,385
3,550
10
6,880
-------
-------
--------
--------
----
---------
At 31 Jan 2023
1,869
1,872
50,714
23,363
889
78,707
-------
-------
--------
--------
----
---------
Carrying amount
At 31 Jan 2023
2,803
7,158
12,026
30
22,017
-------
-------
--------
--------
----
---------
At 31 Jan 2022
3,738
9,543
15,576
40
28,897
-------
-------
--------
--------
----
---------
7. Debtors
2023
2022
£
£
Other debtors
30,498
13,037
--------
--------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,562
5,000
Trade creditors
4,258
1,589
Corporation tax
14,098
10,980
Social security and other taxes
693
Other creditors
18,661
55,533
--------
--------
42,579
73,795
--------
--------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
35,879
41,667
Other creditors
3,898
7,098
--------
--------
39,777
48,765
--------
--------