Registered number
10867482
MIHRICAN LTD
Filleted Accounts
31 July 2023
MIHRICAN LTD
Registered number: 10867482
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,504 4,273
Current assets
Stocks 2,285 865
Debtors 4 26,475 6,375
Cash at bank and in hand 23,265 47,049
52,025 54,289
Creditors: amounts falling due within one year 5 (20,538) (15,118)
Net current assets 31,487 39,171
Total assets less current liabilities 34,991 43,444
Creditors: amounts falling due after more than one year 6 (12,681) (21,373)
Net assets 22,310 22,071
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,210 21,971
Shareholder's funds 22,310 22,071
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 member has 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.
Mehmet BALCI
Director
Approved by the board on 1 March 2024
MIHRICAN LTD
Notes to the Accounts
for the year ended 31 July 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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
A corporation tax liability is recognised for the tax payable on the taxable profit. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 August 2022 7,634
At 31 July 2023 7,634
Depreciation
At 1 August 2022 3,361
Charge for the year 769
At 31 July 2023 4,130
Net book value
At 31 July 2023 3,504
At 31 July 2022 4,273
4 Debtors 2023 2022
£ £
Prepayments & other debtors 26,475 6,375
5 Creditors: amounts falling due within one year 2023 2022
£ £
BBL (current liability) 8,986 8,986
Trade creditors 254 841
Taxation and social security costs 11,298 5,291
20,538 15,118
6 Creditors: amounts falling due after one year 2023 2022
£ £
BBL (non-current liability) 12,681 21,373
7 Other information
MIHRICAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
312 Kennington Park Road
Lambeth
London
SE11 4PP
MIHRICAN LTD 10867482 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts April 2022 Mehmet BALCI No description of principal activity 10867482 2021-08-01 2022-07-31 10867482 core:WithinOneYear 2022-07-31 10867482 core:AfterOneYear 2022-07-31 10867482 core:ShareCapital 2022-07-31 10867482 core:RetainedEarningsAccumulatedLosses 2022-07-31 10867482 2022-08-01 2023-07-31 10867482 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10867482 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 10867482 bus:Director40 2022-08-01 2023-07-31 10867482 1 2022-08-01 2023-07-31 10867482 2 2022-08-01 2023-07-31 10867482 core:PlantMachinery 2022-08-01 2023-07-31 10867482 countries:England 2022-08-01 2023-07-31 10867482 bus:FRS102 2022-08-01 2023-07-31 10867482 bus:FullAccounts 2022-08-01 2023-07-31 10867482 2023-07-31 10867482 core:WithinOneYear 2023-07-31 10867482 core:AfterOneYear 2023-07-31 10867482 core:ShareCapital 2023-07-31 10867482 core:RetainedEarningsAccumulatedLosses 2023-07-31 10867482 core:PlantMachinery 2023-07-31 10867482 2022-07-31 10867482 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure