1 August 2022 false No description of principal activity Taxfiler 2024.4 05167812business:PrivateLimitedCompanyLtd2022-08-012023-07-31 051678122022-07-31 051678122022-08-012023-07-31 05167812business:AuditExemptWithAccountantsReport2022-08-012023-07-31 05167812business:FilletedAccounts2022-08-012023-07-31 051678122023-07-31 05167812business:Director12022-08-012023-07-31 05167812business:Director22022-08-012023-07-31 05167812business:Director32022-08-012023-07-31 05167812business:RegisteredOffice2022-08-012023-07-31 051678122022-07-31 05167812core:WithinOneYear2023-07-31 05167812core:WithinOneYear2022-07-31 05167812core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 05167812core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 05167812core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 05167812core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 05167812core:PreviouslyStatedAmount2023-07-31 05167812core:PreviouslyStatedAmount2022-07-31 05167812business:SmallEntities2022-08-012023-07-31 05167812countries:EnglandWales2022-08-012023-07-31 05167812core:FurnitureFittings2022-08-012023-07-31 05167812core:ComputerEquipment2022-08-012023-07-31 05167812core:Goodwill2022-07-31 05167812core:Goodwill2023-07-31 05167812core:Goodwill2022-08-012023-07-31 05167812core:FurnitureFittings2022-07-31 05167812core:ComputerEquipment2022-07-31 05167812core:FurnitureFittings2023-07-31 05167812core:ComputerEquipment2023-07-31 051678122021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 05167812 (England and Wales)
M. R. GOKANI LIMITED Unaudited accounts for the year ended 31 July 2023
M. R. GOKANI LIMITED Unaudited accounts Contents
Page
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M. R. GOKANI LIMITED Company Information for the year ended 31 July 2023
Directors
Mahendra Gokani Damyanti Gokani Neelam Gokani
Company Number
05167812 (England and Wales)
Registered Office
32 CHURCH ROAD NORTHOLT UB5 5AB ENGLAND
Accountants
BPACL Accountancy Services Limited 83 Cowley Hill Borehamwood Hertfordshire WD6 5NA
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M. R. GOKANI LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,914 
45,828 
Tangible assets
9,030 
10,623 
Investments
165,000 
165,000 
196,944 
221,451 
Current assets
Inventories
54,060 
53,240 
Debtors
130,101 
144,922 
Cash at bank and in hand
927,513 
795,272 
1,111,674 
993,434 
Creditors: amounts falling due within one year
(282,925)
(279,338)
Net current assets
828,749 
714,096 
Total assets less current liabilities
1,025,693 
935,547 
Provisions for liabilities
Deferred tax
(2,258)
(3,125)
Net assets
1,023,435 
932,422 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,023,335 
932,322 
Shareholders' funds
1,023,435 
932,422 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Neelam Gokani Director Company Registration No. 05167812
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M. R. GOKANI LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
M. R. GOKANI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05167812. The registered office is 32 CHURCH ROAD, NORTHOLT, UB5 5AB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation as follows: Amortisation - 5% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
500,000 
At 31 July 2023
500,000 
Amortisation
At 1 August 2022
454,172 
Charge for the year
22,914 
At 31 July 2023
477,086 
Net book value
At 31 July 2023
22,914 
At 31 July 2022
45,828 
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M. R. GOKANI LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
125,330 
24,586 
149,916 
At 31 July 2023
125,330 
24,586 
149,916 
Depreciation
At 1 August 2022
114,707 
24,586 
139,293 
Charge for the year
1,593 
- 
1,593 
At 31 July 2023
116,300 
24,586 
140,886 
Net book value
At 31 July 2023
9,030 
- 
9,030 
At 31 July 2022
10,623 
- 
10,623 
6
Investments
Other investments 
£ 
Valuation at 1 August 2022
165,000 
Valuation at 31 July 2023
165,000 
This represents 50% of share capital of M21 Living Limited.
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
27,751 
23,119 
Trade debtors
95,568 
120,245 
Accrued income and prepayments
5,224 
- 
Other debtors
1,558 
1,558 
130,101 
144,922 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
172,913 
180,362 
Taxes and social security
34,463 
17,296 
Other creditors
635 
8,167 
Loans from directors
74,114 
71,013 
Accruals
800 
2,500 
282,925 
279,338 
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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