Company Registration No. 10818860 (England and Wales)
MITHRA RETAILS LTD
Unaudited accounts
for the year ended 30 June 2023
MITHRA RETAILS LTD
Unaudited accounts
Contents
MITHRA RETAILS LTD
Company Information
for the year ended 30 June 2023
Director
Mr Alstan Frank Rasanathan
Company Number
10818860 (England and Wales)
Registered Office
1 Foster Road
Gosport
Hampshire
PO12 2JH
United Kingdom
Accountants
IRTS Business Solutions Limited
209 The Heights
Northolt
Middlesex
UB5 4BX
MITHRA RETAILS LTD
Statement of financial position
as at 30 June 2023
Tangible assets
65,992
62,199
Inventories
385,630
314,400
Cash at bank and in hand
69,053
79,472
Creditors: amounts falling due within one year
(252,420)
(99,530)
Net current assets
247,259
345,723
Total assets less current liabilities
313,251
407,922
Creditors: amounts falling due after more than one year
(175,401)
(353,087)
Called up share capital
1
1
Profit and loss account
137,849
54,834
Shareholders' funds
137,850
54,835
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2024 and were signed on its behalf by
Mr Alstan Frank Rasanathan
Director
Company Registration No. 10818860
MITHRA RETAILS LTD
Notes to the Accounts
for the year ended 30 June 2023
MITHRA RETAILS LTD is a private company, limited by shares, registered in England and Wales, registration number 10818860. The registered office is 1 Foster Road, Gosport, Hampshire, PO12 2JH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
57,620
30,310
-
87,930
Additions
-
-
30,458
30,458
Disposals
-
(16,893)
-
(16,893)
At 30 June 2023
57,620
13,417
30,458
101,495
At 1 July 2022
13,203
12,528
-
25,731
Charge for the year
8,883
889
-
9,772
At 30 June 2023
22,086
13,417
-
35,503
At 30 June 2023
35,534
-
30,458
65,992
At 30 June 2022
44,417
17,782
-
62,199
MITHRA RETAILS LTD
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Other debtors
44,870
50,386
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
45,172
71,676
Taxes and social security
16,771
16,756
Other creditors
175,248
10,100
Loans from directors
14,629
398
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
175,401
353,087
8
Average number of employees
During the year the average number of employees was 12 (2022: 10).