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REGISTERED NUMBER: SC751807 (Scotland)



















MHEK FOOD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 NOVEMBER 2022 TO 30 NOVEMBER 2023






MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2022 TO 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MHEK FOOD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 NOVEMBER 2022 TO 30 NOVEMBER 2023







DIRECTOR: Heong Chin Hew





REGISTERED OFFICE: 9 Royal Crescent
Glasgow
G3 7SP





REGISTERED NUMBER: SC751807 (Scotland)





ACCOUNTANTS: Whitelaw Wells
Chartered Accountants
9 Royal Crescent
Glasgow
G3 7SP

MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

BALANCE SHEET
30 NOVEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 18,294

CURRENT ASSETS
Stocks 6,500
Debtors 5 34,634
Cash at bank 12,930
54,064
CREDITORS
Amounts falling due within one year 6 73,027
NET CURRENT LIABILITIES (18,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(669

)

PROVISIONS FOR LIABILITIES 3,159
NET LIABILITIES (3,828 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (3,830 )
SHAREHOLDERS' FUNDS (3,828 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 18 August 2024 and were signed by:





Heong Chin Hew - Director


MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2022 TO 30 NOVEMBER 2023


1. STATUTORY INFORMATION

MHEK Food Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover and revenue recognition
The turnover shown in the profit and loss account represents the value of sales during the period, exclusive of Value Added Tax. A sale is recognised at the point where a meal is served or handed over to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment and Fittings - 15% on cost
Motor vehicles - 20% on 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 period 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.


MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2022 TO 30 NOVEMBER 2023


2. 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Financial instruments
Basic financial instruments such as cash, debtors and creditors are measured at transaction price. Financial liabilities classified as payable within one year are not amortised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 .

MHEK FOOD LIMITED (REGISTERED NUMBER: SC751807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2022 TO 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Equipment
and Motor
Fittings vehicles Totals
£    £    £   
COST
Additions 13,792 5,964 19,756
At 30 November 2023 13,792 5,964 19,756
DEPRECIATION
Charge for period 1,064 398 1,462
At 30 November 2023 1,064 398 1,462
NET BOOK VALUE
At 30 November 2023 12,728 5,566 18,294

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 19,694
Credit card and online debtors 12,736
Prepayments 2,204
34,634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 9,548
Social security and other taxes 3,610
VAT 36,356
Director's current account 2,721
Accrued expenses 20,792
73,027

The director's loan is interest free and repayable on demand.

7. RELATED PARTY DISCLOSURES

The loan balance due to the directors amounted to £2,721 at the period end.