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COMPANY REGISTRATION NUMBER: 07083196
Milan's Dhosa Express Limited
Filleted Unaudited Financial Statements
31 January 2024
Milan's Dhosa Express Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
97,751
22,017
Current assets
Stocks
15,102
14,968
Debtors
7
32,832
30,498
Cash at bank and in hand
40,590
79,737
--------
---------
88,524
125,203
Creditors: amounts falling due within one year
8
47,867
42,579
--------
---------
Net current assets
40,657
82,624
---------
---------
Total assets less current liabilities
138,408
104,641
Creditors: amounts falling due after more than one year
9
88,951
39,777
Provisions
Taxation including deferred tax
18,217
2,146
---------
---------
Net assets
31,240
62,718
---------
---------
Capital and reserves
Called up share capital
6
6
Profit and loss account
31,234
62,712
--------
--------
Shareholders funds
31,240
62,718
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Milan's Dhosa Express Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Mr J Doshi
Director
Company registration number: 07083196
Milan's Dhosa Express Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 78 Green Lane Road, Leicester, LE5 3TJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
20% straight line
Computer equipment
-
33% straight line
Fixtures & fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 9 ).
5. Unlawful dividends
Dividends were issued during the year when there were insufficient reserves in the company.
6. Tangible assets
Land and buildings
Computer equipment
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Feb 2023
4,672
1,872
57,872
35,389
919
100,724
Additions
94,186
94,186
-------
-------
--------
---------
----
---------
At 31 Jan 2024
4,672
1,872
57,872
129,575
919
194,910
-------
-------
--------
---------
----
---------
Depreciation
At 1 Feb 2023
1,869
1,872
50,714
23,363
889
78,707
Charge for the year
934
1,790
15,721
7
18,452
-------
-------
--------
---------
----
---------
At 31 Jan 2024
2,803
1,872
52,504
39,084
896
97,159
-------
-------
--------
---------
----
---------
Carrying amount
At 31 Jan 2024
1,869
5,368
90,491
23
97,751
-------
-------
--------
---------
----
---------
At 31 Jan 2023
2,803
7,158
12,026
30
22,017
-------
-------
--------
---------
----
---------
7. Debtors
2024
2023
£
£
Other debtors
32,832
30,498
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,211
5,562
Trade creditors
989
4,258
Corporation tax
14,098
Social security and other taxes
318
Other creditors
41,349
18,661
--------
--------
47,867
42,579
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
31,009
35,879
Other creditors
57,942
3,898
--------
--------
88,951
39,777
--------
--------