MHO RESOURCES LTD |
Notes to the Accounts |
for the year ended 28 February 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, . Turnover includes revenue earned from from the rendering of services as in the principal activity. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract and recognised when the payment becomes unconditional. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Trade debtors |
5,255 |
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- |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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9,329 |
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- |
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Other debtors |
100 |
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100 |
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14,684 |
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100 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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6,252 |
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- |
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Taxation and social security costs |
2,073 |
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21 |
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Other creditors |
1,000 |
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- |
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9,325 |
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21 |
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5 |
Other information |
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MHO RESOURCES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 1.36 The Lightbox |
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111 Power Road |
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London |
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Chiswick |
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W4 5PY |