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Company Registration No. 07479706 (England and Wales)
Mudita Renovations Limited Unaudited accounts for the year ended 31 December 2023
Mudita Renovations Limited Unaudited accounts Contents
Page
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Mudita Renovations Limited Company Information for the year ended 31 December 2023
Directors
Mr S S Gill Mr J S Gill Mrs S K Gill
Company Number
07479706 (England and Wales)
Registered Office
13 Marlowe Close Northfleet Gravesend DA11 8FX
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Mudita Renovations Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,209 
432 
Current assets
Inventories
- 
46,906 
Debtors
586,836 
628,589 
Cash at bank and in hand
14,224 
3,049 
601,060 
678,544 
Creditors: amounts falling due within one year
(55,188)
(57,308)
Net current assets
545,872 
621,236 
Net assets
547,081 
621,668 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
546,981 
621,568 
Shareholders' funds
547,081 
621,668 
For the year ending 31 December 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 16 July 2024 and were signed on its behalf by
Mr J S Gill Director Company Registration No. 07479706
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Mudita Renovations Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Mudita Renovations Limited is a private company, limited by shares, registered in England and Wales, registration number 07479706. The registered office is 13 Marlowe Close, Northfleet, Gravesend, DA11 8FX.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
Straight line method over 5 years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
736 
Additions
1,008 
At 31 December 2023
1,744 
Depreciation
At 1 January 2023
304 
Charge for the year
231 
At 31 December 2023
535 
Net book value
At 31 December 2023
1,209 
At 31 December 2022
432 
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Mudita Renovations Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,800 
- 
Other debtors
579,036 
628,589 
586,836 
628,589 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
621 
446 
Trade creditors
569 
33 
Loans from directors
53,998 
56,829 
55,188 
57,308 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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