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REGISTERED NUMBER: 05975447 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Mintgreen Carwash Limited

Mintgreen Carwash Limited (Registered number: 05975447)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mintgreen Carwash Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M Ratkoceri





REGISTERED OFFICE: 3 Bridge Lane
Temple Fortune
Golder Greens
London
NW11 0EA





REGISTERED NUMBER: 05975447 (England and Wales)





ACCOUNTANTS: MohanRed & Co
110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY

Mintgreen Carwash Limited (Registered number: 05975447)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,696 77,413
85,696 77,413

CURRENT ASSETS
Stocks 34,250 28,000
Debtors 6 301,802 -
Cash at bank 67,952 300,606
404,004 328,606
CREDITORS
Amounts falling due within one year 7 137,422 100,040
NET CURRENT ASSETS 266,582 228,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,278

305,979

CREDITORS
Amounts falling due after more than one
year

8

60,006

76,534
NET ASSETS 292,272 229,445

Mintgreen Carwash Limited (Registered number: 05975447)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 292,172 229,345
SHAREHOLDERS' FUNDS 292,272 229,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





M Ratkoceri - Director


Mintgreen Carwash Limited (Registered number: 05975447)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mintgreen Carwash Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of good and services net of VAT

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Mintgreen Carwash Limited (Registered number: 05975447)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 42,000
AMORTISATION
At 1 November 2022
and 31 October 2023 42,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Mintgreen Carwash Limited (Registered number: 05975447)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 3,575 54,347 61,590 1,987 121,499
Additions - 22,000 - - 22,000
At 31 October 2023 3,575 76,347 61,590 1,987 143,499
DEPRECIATION
At 1 November 2022 - 28,191 15,398 497 44,086
Charge for year - 155 13,562 - 13,717
At 31 October 2023 - 28,346 28,960 497 57,803
NET BOOK VALUE
At 31 October 2023 3,575 48,001 32,630 1,490 85,696
At 31 October 2022 3,575 26,156 46,192 1,490 77,413

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
VAT 1,802 -

Amounts falling due after more than one year:
Amounts owed by associates 300,000 -

Aggregate amounts 301,802 -

Mintgreen Carwash Limited (Registered number: 05975447)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 6,528 5,628
Tax 22,118 11,788
Social security and other taxes 1,093 1,716
VAT - 8,010
Bounce back loan 9,979 10,000
Directors' current accounts 81,204 44,648
Accrued expenses 16,500 18,250
137,422 100,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bounce back loan 1-2 years 10,000 10,000
Bounce back loan 2-5 years 10,000 20,000
Hire purchase contracts 40,006 46,534
60,006 76,534

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 40,006 46,534

9. RESERVES
Retained
earnings
£   

At 1 November 2022 229,345
Profit for the year 92,827
Dividends (30,000 )
At 31 October 2023 292,172

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Ratkoceri.