Company Registration No. in England and Wales
08341686
A & H MAHDI LIMITED
TRADING AS MAHDI RESTAURANT
FILLETED ACCOUNTS
30 June 2023
A & H MAHDI LIMITED
Registered number: 08341686
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 8,000 8,000
Current assets
Stocks - 30,200
Debtors 4 35,600 35,600
Cash at bank and in hand 10,459 20,980
46,059 86,780
Creditors: amounts falling due within one year 5 (64,864) (87,286)
Net current liabilities (18,805) (506)
Total assets less current liabilities (10,805) 7,494
Creditors: amounts falling due after more than one year 6 (21,034) (33,349)
Net liabilities (31,839) (25,855)
Capital and reserves
Called up share capital 100 100
Profit and loss account (31,939) (25,955)
Shareholders' funds (31,839) (25,855)
The director is 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 director acknowledges his 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.
Alireza Rahiminejad Tafreshi
Director
Approved by the board on 10 January 2024
A & H MAHDI LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
There is no corporation tax payable in view of losses made during the year.Where material, deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 21 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 36,000
At 30 June 2023 36,000
Amortisation
At 1 July 2022 28,000
At 30 June 2023 28,000
Net book value
At 30 June 2023 8,000
At 30 June 2022 8,000
4 Debtors 2023 2022
£ £
Other debtors 35,600 35,600
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax (31,056) 38,463
Other taxes and social security costs 12,234 33,479
Other creditors 83,686 15,344
64,864 87,286
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,034 33,349
7 Controlling party
The ultimate controlling party is the director who owns 66% of the shares.
8 Other information
A & H MAHDI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Knight Chadwick
243 Elgin Avenue
London
W9 1NJ
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