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Registered Number: 08169446
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 August 2023

for

THE MUGHALS TRADING LIMITED

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 41,540  49,848 
Current assets 68,046  66,649 
Creditors: amount falling due within one year (12,930) (8,646)
Net current assets 55,116  58,003 
Total assets less current liabilities 96,656  107,851 
Net assets 96,656  107,851 
 
Capital and reserves 96,656  107,851 
 
  1. For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Hafiz Ameer Azam Gul
Director

Date approved: 27 November 2023
1
Statutory Information
THE MUGHALS TRADING LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08169446, registration address 8 George Street, Okehampton Post Office, Okehampton, Devon, EX20 1HW, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
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:
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 15 years.
2.

Tangible fixed assets

Cost or Valuation Short leasehold   Total
  £   £
At 01 September 2022 4,622    4,622 
Additions  
Disposals  
At 31 August 2023 4,622    4,622 
Depreciation
At 01 September 2022 2,774    2,774 
Charge for year 308    308 
On disposals  
At 31 August 2023 3,082    3,082 
Net book values
Closing balance as at 31 August 2023 1,540    1,540 
Opening balance as at 01 September 2022 1,848    1,848 

3.

Average number of employees

Average number of employees during the year was 7  (2022: 8).
2