Registered number
SC433974
M MOHAN LIMITED
5 Belhaven Place
Newton Mearns
Glasgow
Filleted Accounts
for the year ended 31 October 2023
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: M231/TG
M MOHAN LIMITED
Registered number: SC433974
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,159 4,960
Current assets
Cash at bank and in hand 148,952 93,474
Creditors: amounts falling due within one year 4 (36,987) (10,341)
Net current assets 111,965 83,133
Total assets less current liabilities 117,124 88,093
Creditors: amounts falling due after more than one year 5 (11,570) (2,098)
Net assets 105,554 85,995
Capital and reserves
Called up share capital 100 100
Profit and loss account 105,454 85,895
Shareholders' funds 105,554 85,995
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.
Dr Manoj Mohan
Director
Approved by the board on 27 November 2023
M MOHAN LIMITED
Notes to the Accounts
for the year ended 31 October 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 rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 November 2022 9,107
Additions 772
At 31 October 2023 9,879
Depreciation
At 1 November 2022 4,147
Charge for the year 573
At 31 October 2023 4,720
Net book value
At 31 October 2023 5,159
At 31 October 2022 4,960
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 733
Taxation and social security costs 16,508 9,128
Other creditors 20,479 480
36,987 10,341
5 Creditors: amounts falling due after one year 2023 2022
£ £
Directors loan account 11,570 2,098
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