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Company Registration No. 06828288 (England and Wales)
Mavish Limited Unaudited accounts for the year ended 29 February 2024
Mavish Limited Unaudited accounts Contents
Page
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Mavish Limited Company Information for the year ended 29 February 2024
Director
Mr B Aydemir
Company Number
06828288 (England and Wales)
Registered Office
182 Baker Street Enfield London EN1 3JY United Kingdom
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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Mavish Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,569 
11,563 
Current assets
Inventories
34,440 
32,940 
Debtors
2,125 
2,146 
Cash at bank and in hand
2,922 
5,156 
39,487 
40,242 
Creditors: amounts falling due within one year
(37,207)
(20,704)
Net current assets
2,280 
19,538 
Total assets less current liabilities
26,849 
31,101 
Creditors: amounts falling due after more than one year
(23,347)
(23,333)
Net assets
3,502 
7,768 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,402 
7,668 
Shareholders' funds
3,502 
7,768 
For the year ending 29 February 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
Mr B Aydemir Director Company Registration No. 06828288
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Mavish Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Mavish Limited is a private company, limited by shares, registered in England and Wales, registration number 06828288. The registered office is 182 Baker Street, Enfield, London, EN1 3JY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years - straight line basis
Motor vehicles
10 years - straight line basis
Fixtures & fittings
18% - reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Mavish Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
8,499 
- 
10,839 
19,338 
Additions
1,349 
15,000 
- 
16,349 
At 29 February 2024
9,848 
15,000 
10,839 
35,687 
Depreciation
At 1 March 2023
1,700 
- 
6,075 
7,775 
Charge for the year
985 
1,500 
858 
3,343 
At 29 February 2024
2,685 
1,500 
6,933 
11,118 
Net book value
At 29 February 2024
7,163 
13,500 
3,906 
24,569 
At 28 February 2023
6,799 
- 
4,764 
11,563 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,125 
2,146 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
1,173 
1,103 
Obligations under finance leases and hire purchase contracts
4,458 
- 
Trade creditors
2,420 
- 
Taxes and social security
4,958 
6,493 
Other creditors
14,198 
3,108 
37,207 
20,704 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
Obligations under finance leases and hire purchase contracts
10,014 
- 
23,347 
23,333 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Mavish Limited Notes to the Accounts for the year ended 29 February 2024
9
Transactions with related parties
Included within other creditors is an amount of £14,198 (2023: £3,108) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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