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Registered Number: 10456587
England and Wales

 

 

 

MADHU QSR LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 212,866    260,866 
Tangible fixed assets 4 64,900    43,328 
277,766    304,194 
Current assets      
Stocks 12,500    12,773 
Debtors: amounts falling due within one year 3,793    2,331 
Debtors: amounts falling due after one year 13,500    9,750 
Cash at bank and in hand 8,913    49,549 
38,706    74,403 
Creditors: amount falling due within one year (143,064)   (125,169)
Net current liabilities (104,358)   (50,766)
 
Total assets less current liabilities 173,408    253,428 
Creditors: amount falling due after more than one year (175,744)   (187,890)
Net liabilities (2,336)   65,538 
 

Capital and reserves
     
Called up share capital 5 891    891 
Profit and loss account (3,227)   64,647 
Shareholder's funds (2,336)   65,538 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 November 2023 and were signed by:


-------------------------------
Mr. Madhusudhana Reddy Upparlapalli
Director
1
General Information
MADHU QSR LTD is a private company, limited by shares, registered in England and Wales, registration number 10456587, registration address Office Gold, Building 3, Chiswick Park, 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government Grants has been received by the company with respect to "Coronavirus Job Retention Scheme".
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18 Reducing Balance
Fixtures and Fittings 18 Reducing Balance
Computer Equipment 18 Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 15 (2022 : 13).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2022 480,000    480,000 
Additions  
Disposals  
At 31 March 2023 480,000    480,000 
Amortisation
At 01 April 2022 219,134    219,134 
Charge for year 48,000    48,000 
On disposals  
At 31 March 2023 267,134    267,134 
Net book values
At 31 March 2023 212,866    212,866 
At 31 March 2022 260,866    260,866 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 April 2022 85,989      3,593    3,151    92,733 
Additions 3,880    27,497      733    32,110 
Disposals        
At 31 March 2023 89,869    27,497    3,593    3,884    124,843 
Depreciation
At 01 April 2022 46,751      1,235    1,419    49,405 
Charge for year 7,259    2,499    424    356    10,538 
On disposals        
At 31 March 2023 54,010    2,499    1,659    1,775    59,943 
Net book values
Closing balance as at 31 March 2023 35,859    24,998    1,934    2,109    64,900 
Opening balance as at 01 April 2022 39,238      2,358    1,732    43,328 


5.

Share Capital

Authorised
99 Ordinary shares of £9.00 each
Allotted, called up and fully paid
2023
£
  2022
£
99 Ordinary shares of £9.00 each 891    891 
891    891 

2