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
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
M. R. GOKANI LIMITED
Statement of financial position
as at 31 July 2023
Intangible assets
22,914
45,828
Tangible assets
9,030
10,623
Investments
165,000
165,000
Cash at bank and in hand
927,513
795,272
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
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
M. R. GOKANI LIMITED
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
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
Charge for the year
22,914
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
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
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.
Amounts falling due within one year
Trade debtors
95,568
120,245
Accrued income and prepayments
5,224
-
8
Creditors: amounts falling due within one year
2023
2022
Trade creditors
172,913
180,362
Taxes and social security
34,463
17,296
Loans from directors
74,114
71,013
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).