Registered number
09986232
MATHI SEED UK LTD
Filleted Accounts
31 October 2023
MATHI SEED UK LTD
Registered number: 09986232
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,050 1,400
Tangible assets 4 147,441 166,136
148,491 167,536
Current assets
Stocks 4,395 4,006
Debtors 5 187,565 245,545
Cash at bank and in hand 155,732 76,090
347,692 325,641
Creditors: amounts falling due within one year 6 (145,912) (172,663)
Net current assets 201,780 152,978
Total assets less current liabilities 350,271 320,514
Creditors: amounts falling due after more than one year 7 (56,889) (34,924)
Net assets 293,382 285,590
Capital and reserves
Called up share capital 120 120
Profit and loss account 293,262 285,470
Shareholders' funds 293,382 285,590
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 members have 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.
Mohammed Abdul Mubin
Director
Approved by the board on 25 July 2024
MATHI SEED UK LTD
Notes to the Accounts
for the year ended 31 October 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Goodwill 10% straight line
Leasehold land and buildings 10% straight line
Motor Vehicle 15% straight line
Fixtures, fittings, tools and equipment 20% 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 15 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 3,500
At 31 October 2023 3,500
Amortisation
At 1 November 2022 2,100
Provided during the year 350
At 31 October 2023 2,450
Net book value
At 31 October 2023 1,050
At 31 October 2022 1,400
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 55,347 230,576 9,808 295,731
Additions - - 19,488 19,488
Disposals - - (9,808) (9,808)
At 31 October 2023 55,347 230,576 19,488 305,411
Depreciation
At 1 November 2022 22,140 101,571 5,884 129,595
Charge for the year 5,535 25,801 2,923 34,259
On disposals - - (5,884) (5,884)
At 31 October 2023 27,675 127,372 2,923 157,970
Net book value
At 31 October 2023 27,672 103,204 16,565 147,441
At 31 October 2022 33,207 129,005 3,924 166,136
5 Debtors 2023 2022
£ £
Trade debtors 172 5,965
Directors current account - 108,829
Intercompany loan receivable 100,884 100,884
Carddamon Ltd 82,843
Dark Kitchen Vauxhall Ltd 26,201
Other debtors 3,666 3,666
187,565 245,545
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 31,261 27,496
Trade creditors 27,261 45,942
Taxation and social security costs 53,193 56,811
Other creditors 34,197 42,414
145,912 172,663
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 56,889 34,924
8 Other information
MATHI SEED UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit D (upper ground)
London
E1 1EQ
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