Authentic M&H Goods Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
13983223
. The registered office is 530 Goffs Lane, Goffs Oak, Waltham Cross, EN7 5EW.
Following a review of the financial position by the directors at the balance sheet date, they have confirmed the company remains a going-concern and the basis of preparation therefore reflects this. The directors are confident that the company will continue trading for the forseeable future, for the reasons stated below.
i) Included within the company's 'creditors: amounts falling due within one year' is the directors' loan account balance of £42,711. The directors has confirmed that they will not call upon the repayment of this debt until the company is in the position where it can be repaid.
ii) £33,304 relates to a non-current liability, which is apportioned accordingly over four future accounting years.
iii) The closing stock value of £24,869 is valued at the lower of cost / net-realisable value and is understated and therefore does not factor in the price the stock items should achieve at an arms-length sale.