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Registered Number: 07501755
England and Wales

 

 

 

MULCHAND (UK) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 67,266    61,837 
67,266    61,837 
Current assets      
Stocks 5,000    5,000 
Debtors 230,023    140,774 
Cash at bank and in hand 135,856    100,079 
370,879    245,853 
Creditors: amount falling due within one year (71,659)   (44,690)
Net current assets 299,220    201,163 
 
Total assets less current liabilities 366,486    263,000 
Creditors: amount falling due after more than one year (24,361)   (34,239)
Provisions for liabilities (2,209)   (1,739)
Net assets 339,916    227,022 
 

Capital and reserves
     
Called up share capital 4 39,530    39,530 
Profit and loss account 300,386    187,492 
Shareholder's funds 339,916    227,022 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 October 2023 and were signed by:


-------------------------------
Dr Manoj Kumar Malu
Director
1
General Information
MULCHAND (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07501755, registration address 8-9 Ivor Place, London, NW1 6BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 14 (2022 : 12).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 February 2022 30,503    48,591    898    79,992 
Additions 26,983      430    27,413 
Disposals      
At 31 January 2023 57,486    48,591    1,328    107,405 
Depreciation
At 01 February 2022 8,711    9,416    28    18,155 
Charge for year 11,898    9,794    292    21,984 
On disposals      
At 31 January 2023 20,609    19,210    320    40,139 
Net book values
Closing balance as at 31 January 2023 36,877    29,381    1,008    67,266 
Opening balance as at 01 February 2022 21,792    39,175    870    61,837 


4.

Share Capital

Authorised
19,765 Ordinary shares of £1.00 each
19,765 Ordinary 'A' shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
19,765 Ordinary shares of £1.00 each 19,765    19,765 
19,765 Ordinary 'A' shares of £1.00 each 19,765    19,765 
39,530    39,530 

5.

Related Party Transactions


As on the balance sheet date 31.01.2023 the below balances are outstanding from its Related Party :

1. Oaktree Sciences Limited : £215,279.69 (Included under Other Debtors)



2