M & N SHETH LIMITED

Company Registration Number:
06091572 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

M & N SHETH LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

M & N SHETH LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Principal activities of the company are that of accounting, VAT, taxation , book-keeping and payroll services.



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

MR N H SHETH


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 November 2023

And signed on behalf of the board by:
Name: MR N H SHETH
Status: Director

M & N SHETH LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 19,795 40,019
Cost of sales: 0 0
Gross profit(or loss): 19,795 40,019
Distribution costs: 0 0
Administrative expenses: ( 8,486 ) ( 11,856 )
Other operating income: 0 0
Operating profit(or loss): 11,309 28,163
Interest receivable and similar income: 2,859 2,574
Interest payable and similar charges: ( 454 ) ( 464 )
Profit(or loss) before tax: 13,714 30,273
Tax: ( 2,655 ) ( 5,813 )
Profit(or loss) for the financial year: 11,059 24,460

M & N SHETH LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 165,000 165,000
Tangible assets: 4 1,911 2,330
Investments:   0 0
Total fixed assets: 166,911 167,330
Current assets
Stocks: 5 50 50
Debtors:   0 0
Cash at bank and in hand: 626,055 658,640
Investments:   0 0
Total current assets: 626,105 658,690
Prepayments and accrued income: 0 90
Creditors: amounts falling due within one year: 6 ( 52,655 ) ( 10,088 )
Net current assets (liabilities): 573,450 648,692
Total assets less current liabilities: 740,361 816,022
Creditors: amounts falling due after more than one year: 7 ( 133,555 ) ( 130,275 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 606,806 685,747
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 606,606 685,547
Total Shareholders' funds: 606,806 685,747

The notes form part of these financial statements

M & N SHETH LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 9 November 2023
and signed on behalf of the board by:

Name: MR N H SHETH
Status: Director

The notes form part of these financial statements

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at fair value of the consideration received or receivable for practice income.

    Tangible fixed assets depreciation policy

    Plant and equipment is carried at cost less accumulated depreciation calculated at 18%p.a. on reducing balance.

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2022 165,000 0 165,000
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 March 2023 165,000 0 165,000
Amortisation
At 1 April 2022 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 March 2023 0 0 0
Net book value
At 31 March 2023 165,000 0 165,000
At 31 March 2022 165,000 0 165,000

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 19,302 19,302
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2023 19,302 19,302
Depreciation
At 1 April 2022 16,972 16,972
Charge for year 419 419
On disposals 0 0
Other adjustments 0 0
At 31 March 2023 17,391 17,391
Net book value
At 31 March 2023 1,911 1,911
At 31 March 2022 2,330 2,330

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Stocks

2023 2022
£ £
Stocks 50 50
Payments on account 0 0
Total 50 50

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 2,655 10,032
Accruals and deferred income 0 0
Other creditors 50,000 56
Total 52,655 10,088

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 133,555 130,275
Total 133,555 130,275