Registered number
05635270
MAMOUNIA LOUNGE LIMITED
Filleted Accounts
31 March 2023
MAMOUNIA LOUNGE LIMITED
Registered number: 05635270
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 358,536 398,372
Investments 4 2 2
358,538 398,374
Current assets
Stocks 20,065 38,585
Debtors 5 1,161,613 1,090,688
Cash at bank and in hand 47,318 94,678
1,228,996 1,223,951
Creditors: amounts falling due within one year 6 (205,109) (138,905)
Net current assets 1,023,887 1,085,046
Total assets less current liabilities 1,382,425 1,483,420
Creditors: amounts falling due after more than one year 7 (635,161) (758,328)
Net assets 747,264 725,092
Capital and reserves
Called up share capital 2 2
Profit and loss account 747,262 725,090
Shareholders' funds 747,264 725,092
The directors are 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 directors acknowledge their 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.
Mr Ammar Wafaie
Director
Approved by the board on 13 June 2023
MAMOUNIA LOUNGE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 35 14
3 Tangible fixed assets
Plant and machinery, Fixture & Fittings, etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 1,291,257 30,074 1,321,331
At 31 March 2023 1,291,257 30,074 1,321,331
Depreciation
At 1 April 2022 919,952 3,007 922,959
Charge for the year 37,130 2,706 39,836
At 31 March 2023 957,082 5,713 962,795
Net book value
At 31 March 2023 334,175 24,361 358,536
At 31 March 2022 371,305 27,067 398,372
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 2
At 31 March 2023 2
5 Debtors 2023 2022
£ £
Other debtors 1,161,613 1,090,688
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 586
Trade creditors 72,744 47,955
Taxation and social security costs 50,364 23,363
Other creditors 82,001 67,001
205,109 138,905
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 129,690 252,857
Other creditors 505,471 505,471
635,161 758,328
8 Other information
MAMOUNIA LOUNGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
37a Curzon Street
London
England
W1J 7TX
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