Company Registration No. 06828288 (England and Wales)
Mavish Limited
Unaudited accounts
for the year ended 29 February 2024
Mavish Limited
Unaudited accounts
Contents
Mavish Limited
Company Information
for the year ended 29 February 2024
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
Mavish Limited
Statement of financial position
as at 29 February 2024
Tangible assets
24,569
11,563
Cash at bank and in hand
2,922
5,156
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)
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
Mavish Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 29 February 2024
7,163
13,500
3,906
24,569
At 28 February 2023
6,799
-
4,764
11,563
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
Obligations under finance leases and hire purchase contracts
4,458
-
Taxes and social security
4,958
6,493
Other creditors
14,198
3,108
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,014
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).