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Company Registration No. 11387230 (England and Wales)
Mkashif's Ltd Unaudited accounts for the year ended 31 May 2023
Mkashif's Ltd Unaudited accounts Contents
Page
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Mkashif's Ltd Company Information for the year ended 31 May 2023
Director
Mohammed Kashif Mian
Company Number
11387230 (England and Wales)
Registered Office
Unit 1 571 Commercial Road London E1 0HJ ENGLAND
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
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Mkashif's Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,050 
25,415 
Current assets
Inventories
19,825 
18,220 
Debtors
11,040 
11,040 
Cash at bank and in hand
18,263 
4,501 
49,128 
33,761 
Creditors: amounts falling due within one year
(24,316)
(16,238)
Net current assets
24,812 
17,523 
Total assets less current liabilities
51,862 
42,938 
Creditors: amounts falling due after more than one year
(41,280)
(41,280)
Net assets
10,582 
1,658 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,482 
1,558 
Shareholders' funds
10,582 
1,658 
For the year ending 31 May 2023 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 15 October 2023 and were signed on its behalf by
Mohammed Kashif Mian Director Company Registration No. 11387230
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Mkashif's Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Mkashif's Ltd is a private company, limited by shares, registered in England and Wales, registration number 11387230. The registered office is Unit 1 , 571 Commercial Road, London, E1 0HJ, 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.
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.
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
25% on cost.
Fixtures & fittings
25% on cost
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.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
13,265 
18,837 
32,102 
Additions
5,685 
4,395 
10,080 
At 31 May 2023
18,950 
23,232 
42,182 
Depreciation
At 1 June 2022
2,763 
3,924 
6,687 
Charge for the year
3,553 
4,892 
8,445 
At 31 May 2023
6,316 
8,816 
15,132 
Net book value
At 31 May 2023
12,634 
14,416 
27,050 
At 31 May 2022
10,502 
14,913 
25,415 
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Mkashif's Ltd Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Accrued income and prepayments
5,520 
5,520 
Other debtors
5,520 
5,520 
11,040 
11,040 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,720 
6,720 
Taxes and social security
598 
530 
Loans from directors
15,978 
6,738 
Accruals
1,020 
2,250 
24,316 
16,238 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,280 
41,280 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
At 31 May 2023 the company owed £15977.54 to director as a result of loans made to the company. The loans are unsecured and interest free. The director N Kakerla controls the company as a result of controlling directly 100% of the issued shares capital.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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