MOUNIR HOLDING LIMITED Filleted Accounts Cover
MOUNIR HOLDING LIMITED
Company No. 12381668
Information for Filing with The Registrar
31 December 2023
MOUNIR HOLDING LIMITED Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was Retail sale in non-specialised stores with food, beverages or tobacco predominating.
Director
The Director who served at any time during the year was as follows:
Yaseer Mounir Elsaid Ahmed Kansouh
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Yaseer Mounir Elsaid Ahmed Kansouh
Director
31 December 2023
MOUNIR HOLDING LIMITED Balance Sheet Registrar
at
31 December 2023
Company No.
12381668
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
13,1909,378
13,1909,378
Current assets
Stocks
5
94,18958,589
Debtors
6
4,250-
Cash at bank and in hand
1,9162,984
100,35561,573
Creditors: Amount falling due within one year
7
(84,314)
(65,672)
Net current assets/(liabilities)
16,041
(4,099)
Total assets less current liabilities
29,2315,279
Creditors: Amounts falling due after more than one year
8
(34,668)
(39,145)
Net liabilities
(5,437)
(33,866)
Capital and reserves
Called up share capital
10,00010,000
Profit and loss account
10
(15,437)
(43,866)
Total equity
(5,437)
(33,866)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2023 and signed on its behalf by:
Yaseer Mounir Elsaid Ahmed Kansouh
Director
31 December 2023
MOUNIR HOLDING LIMITED Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
MOUNIR HOLDING LIMITED is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12381668
Its registered office is:
389
Katherine Road,
London,
E7 8LT
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue 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.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Equipment, fixtures & fittings
20% Straight Line
Motor vehicles
25% Straight Line
Taxation
Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currency
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
10
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2023
18,758-18,758
Additions
-10,62810,628
At 31 December 2023
18,75810,62829,386
Depreciation
At 1 January 2023
9,380-9,380
Charge for the year
4,6902,1266,816
At 31 December 2023
14,0702,12616,196
Net book values
At 31 December 2023
4,6888,50213,190
At 31 December 2022
9,378
-
9,378
5
Stocks
2023
2022
£
£
Finished goods
94,18958,589
94,18958,589
6
Debtors
2023
2022
£
£
Prepayments and accrued income
4,250-
4,250-
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
5,40511,365
Trade creditors
44,1868,994
Taxes and social security
823
(5,463)
Other creditors
33,90047,178
Accruals and deferred income
-3,598
84,31465,672
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
29,28729,441
Obligations under finance lease and hire purchase contracts
5,3819,704
34,66839,145
9
Share Capital
100 ordinary £100 Shares allocated by the director/shareholder.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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