Registered number
10130589
MONISHA & SABINA LTD
Filleted Accounts
30 April 2023
MONISHA & SABINA LTD
Registered number: 10130589
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 2,250 3,000
Tangible assets 4 44,615 53,939
46,865 56,939
Current assets
Stocks 3,710 3,409
Debtors 5 25,957 16,528
Cash at bank and in hand 29,593 15,624
59,260 35,561
Creditors: amounts falling due within one year 6 (63,729) (79,661)
Net current liabilities (4,469) (44,100)
Total assets less current liabilities 42,396 12,839
Creditors: amounts falling due after more than one year 7 (32,872) -
Net assets 9,524 12,839
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,424 12,739
Shareholders' funds 9,524 12,839
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abdul Hye
Director
Approved by the board on 13 October 2023
MONISHA & SABINA LTD
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Goodwill 10% straight line
Leasehold building Nil
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 11
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 7,500
At 30 April 2023 7,500
Amortisation
At 1 May 2022 4,500
Provided during the year 750
At 30 April 2023 5,250
Net book value
At 30 April 2023 2,250
At 30 April 2022 3,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 7,317 131,171 138,488
At 30 April 2023 7,317 131,171 138,488
Depreciation
At 1 May 2022 - 84,549 84,549
Charge for the year - 9,324 9,324
At 30 April 2023 - 93,873 93,873
Net book value
At 30 April 2023 7,317 37,298 44,615
At 30 April 2022 7,317 46,622 53,939
5 Debtors 2023 2022
£ £
Trade debtors 8,492 3,875
Directors current account - 677
Other debtors 17,465 11,976
25,957 16,528
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,480 44,241
Trade creditors 4,775 6,405
Taxation and social security costs 30,612 16,646
Other creditors 21,862 12,369
63,729 79,661
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 32,872 -
8 Other information
MONISHA & SABINA LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit 4 (upper ground)
London
E1 1EQ
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