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REGISTERED NUMBER: 04316266 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MASRANI ENTERPRISES LIMITED

MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MASRANI ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr S Masrani





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04316266 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 42,369 31,899
42,369 31,899

CURRENT ASSETS
Stocks 32,740 35,420
Debtors 6 8,981 2,696
Cash at bank and in hand 45,915 48,537
87,636 86,653
CREDITORS
Amounts falling due within one year 7 43,898 54,397
NET CURRENT ASSETS 43,738 32,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,107

64,155

CREDITORS
Amounts falling due after more than one
year

8

(46,048

)

(49,260

)

PROVISIONS FOR LIABILITIES 9 (10,592 ) (6,061 )
NET ASSETS 29,467 8,834

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 29,367 8,734
SHAREHOLDERS' FUNDS 29,467 8,834

MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





Mr S Masrani - Director


MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Masrani Enterprises 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 December 2022
and 30 November 2023 48,020
Amortisation
At 1 December 2022
and 30 November 2023 48,020
Net book value
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 December 2022 3,565 10,453 52,440 66,458
Additions - - 54,090 54,090
Disposals - - (52,440 ) (52,440 )
At 30 November 2023 3,565 10,453 54,090 68,108
Depreciation
At 1 December 2022 3,161 8,455 22,943 34,559
Charge for year 101 499 13,523 14,123
Eliminated on disposal - - (22,943 ) (22,943 )
At 30 November 2023 3,262 8,954 13,523 25,739
Net book value
At 30 November 2023 303 1,499 40,567 42,369
At 30 November 2022 404 1,998 29,497 31,899

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 8,514 -
Tax - 2,696
Prepayments 467 -
8,981 2,696

MASRANI ENTERPRISES LIMITED (REGISTERED NUMBER: 04316266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,654 6,723
Trade creditors 10,314 16,509
Tax 4,151 813
Social security and other taxes 540 597
VAT 6,836 9,522
Directors' current accounts - 7,235
Accruals and deferred income 3,403 2,998
43,898 54,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans < 1 year 10,000 10,000
Bank loans - 2-5 years 6,479 16,289
Hire purchase contracts 29,569 22,971
46,048 49,260

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,592 6,061

Deferred
tax
£   
Balance at 1 December 2022 6,061
Provided during year 4,531
Balance at 30 November 2023 10,592

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100