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REGISTERED NUMBER: 03345036 (England and Wales)


























AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MAHA UK LIMITED

MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAHA UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mr N A Ebbs





SECRETARY: Mr M L Tunmore





REGISTERED OFFICE: 1 Europa Way
Wisbech
Cambridgeshire
PE13 2TZ





REGISTERED NUMBER: 03345036 (England and Wales)





AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 276,841 275,113

CURRENT ASSETS
Stocks 935,411 1,138,439
Debtors 6 1,170,007 724,054
Cash at bank and in hand 812,498 742,306
2,917,916 2,604,799
CREDITORS
Amounts falling due within one year 7 1,373,938 1,255,298
NET CURRENT ASSETS 1,543,978 1,349,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,820,819

1,624,614

PROVISIONS FOR LIABILITIES 8 (35,816 ) (33,140 )

ACCRUALS AND DEFERRED INCOME 9 (18,750 ) (19,875 )
NET ASSETS 1,766,253 1,571,599

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings 1,716,253 1,521,599
SHAREHOLDERS' FUNDS 1,766,253 1,571,599

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th June 2024 and were signed by:





Mr N A Ebbs - Director


MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

MAHA UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually upon delivery.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from service and maintenance is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when the service or maintenance is carried out.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2.5% straight line
Plant and machinery - 25% straight line
Motor vehicles - 25% straight line
Computer equipment, furniture and fixtures - 10 - 25% straight line

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment,
furniture
Freehold Plant and Motor and
property machinery vehicles fixtures Totals
£    £    £    £    £   
COST
At 1st April 2023 355,953 47,810 152,132 56,842 612,737
Additions - 9,845 37,900 3,621 51,366
Disposals - (21,131 ) (29,399 ) - (50,530 )
At 31st March 2024 355,953 36,524 160,633 60,463 613,573
DEPRECIATION
At 1st April 2023 154,043 47,810 81,568 54,203 337,624
Charge for year 7,704 1,639 29,242 1,296 39,881
Eliminated on disposal - (21,131 ) (19,642 ) - (40,773 )
At 31st March 2024 161,747 28,318 91,168 55,499 336,732
NET BOOK VALUE
At 31st March 2024 194,206 8,206 69,465 4,964 276,841
At 31st March 2023 201,910 - 70,564 2,639 275,113

MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Included in cost of land and buildings is freehold land of £ 48,000 (2023 - £ 48,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,076,218 661,481
Amounts owed by group undertakings 4,080 -
Other debtors 89,709 62,573
1,170,007 724,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 124,126 79,640
Trade creditors 90,644 113,551
Amounts owed to group undertakings 1,284 12,730
Taxation and social security 485,693 434,947
Other creditors 672,191 614,430
1,373,938 1,255,298

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,514 5,402
Other provisions 29,302 27,738
35,816 33,140

Deferred Warranty
tax provision
£    £   
Balance at 1st April 2023 5,402 27,738
Provided during year 1,112 1,564
Balance at 31st March 2024 6,514 29,302

9. ACCRUALS AND DEFERRED INCOME
2024 2023
£    £   
Deferred government grants 18,750 19,875

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

MAHA UK LIMITED (REGISTERED NUMBER: 03345036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


12. FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £167,655 (2023: £116,268).

This amount is in relation to operating lease commitments which are payable over the next one to three years.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

14. CONTROLLING PARTIES

The parent undertaking of the smallest group for which group accounts are prepared is MAHA Maschinenbau Haldenwang GmbH & Co. KG registered at Hoyen 20, 87490 Haldenwang, Germany.

The ultimate holding company is MAHA Group AG (formerly named Maha Group GmbH), a body corporate incorporated in Germany.