Mankoo Consultants Limited 10532115 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is advanced dentistry. Digita Accounts Production Advanced 6.30.9574.0 true 10532115 2023-04-01 2024-03-31 10532115 2024-03-31 10532115 core:CurrentFinancialInstruments 2024-03-31 10532115 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10532115 core:Non-currentFinancialInstruments 2024-03-31 10532115 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 10532115 core:OfficeEquipment 2024-03-31 10532115 1 2024-03-31 10532115 bus:SmallEntities 2023-04-01 2024-03-31 10532115 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10532115 bus:FullAccounts 2023-04-01 2024-03-31 10532115 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10532115 bus:RegisteredOffice 2023-04-01 2024-03-31 10532115 bus:Director2 2023-04-01 2024-03-31 10532115 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10532115 core:OfficeEquipment 2023-04-01 2024-03-31 10532115 countries:EnglandWales 2023-04-01 2024-03-31 10532115 1 2023-04-01 2024-03-31 10532115 2023-03-31 10532115 core:OfficeEquipment 2023-03-31 10532115 1 2023-03-31 10532115 2022-04-01 2023-03-31 10532115 2023-03-31 10532115 core:CurrentFinancialInstruments 2023-03-31 10532115 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10532115 core:Non-currentFinancialInstruments 2023-03-31 10532115 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 10532115 core:OfficeEquipment 2023-03-31 10532115 1 2023-03-31 10532115 1 2022-04-01 2023-03-31 10532115 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 10532115

Mankoo Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Mankoo Consultants Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Mankoo Consultants Limited

(Registration number: 10532115)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,879

7,311

Current assets

 

Debtors

5

102,336

135,159

Cash at bank and in hand

 

178,120

524,958

 

280,456

660,117

Creditors: Amounts falling due within one year

6

(229,261)

(206,263)

Net current assets

 

51,195

453,854

Total assets less current liabilities

 

66,074

461,165

Creditors: Amounts falling due after more than one year

6

(20,454)

(36,818)

Provisions for liabilities

(3,720)

(1,828)

Net assets

 

41,900

422,519

Capital and reserves

 

Called up share capital

1

1

Retained earnings

41,899

422,518

Shareholders' funds

 

41,900

422,519

 

Mankoo Consultants Limited

(Registration number: 10532115)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 October 2024
 

.........................................
J S Mankoo
Director

 

Mankoo Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of advanced dentistry services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Mankoo Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Office equipment

33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Mankoo Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2023

12,725

12,725

Additions

13,071

13,071

At 31 March 2024

25,796

25,796

Depreciation

At 1 April 2023

5,414

5,414

Charge for the year

5,503

5,503

At 31 March 2024

10,917

10,917

Carrying amount

At 31 March 2024

14,879

14,879

At 31 March 2023

7,311

7,311

5

Debtors

Current

2024
£

2023
£

Trade debtors

36,638

45,854

Prepayments

1,768

5,469

Other debtors

63,930

83,836

 

102,336

135,159

 

Mankoo Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

16,364

16,364

Trade creditors

131

911

Taxation and social security

124,168

104,963

Other creditors

88,598

84,025

229,261

206,263

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

20,454

36,818

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

16,364

16,364

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

20,454

36,818

 

Mankoo Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Related party transactions

Summary of transactions with other related parties

Tidu Mankoo Consulting Limited (a company in which J S Mankoo is a director) advanced a loan with and made payments on behalf of Mankoo Consultants Limited. At the balance sheet date the amount due to
Tidu Mankoo Consulting Limited was £85,198 (2023: £80,775).

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Director loan account

83,836

156,144

(176,050)

63,930

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Director loan account

(3,952)

177,838

(90,050)

83,836