Registered number
05635270
MAMOUNIA LOUNGE LIMITED
Filleted Accounts
31 March 2024
MAMOUNIA LOUNGE LIMITED
Registered number: 05635270
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 322,682 358,536
Investments 4 2 2
322,684 358,538
Current assets
Stocks 17,565 20,065
Debtors 5 1,112,905 1,161,613
Cash at bank and in hand 47,123 47,318
1,177,593 1,228,996
Creditors: amounts falling due within one year 6 (135,125) (205,109)
Net current assets 1,042,468 1,023,887
Total assets less current liabilities 1,365,152 1,382,425
Creditors: amounts falling due after more than one year 7 (478,633) (635,161)
Net assets 886,519 747,264
Capital and reserves
Called up share capital 2 2
Profit and loss account 886,517 747,262
Shareholders' funds 886,519 747,264
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ammar Wafaie
Director
Approved by the board on 16 July 2024
MAMOUNIA LOUNGE LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 34 35
3 Tangible fixed assets
Plant and machinery, Fixture & Fittings, etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,291,257 30,074 1,321,331
At 31 March 2024 1,291,257 30,074 1,321,331
Depreciation
At 1 April 2023 957,082 5,713 962,795
Charge for the year 33,418 2,436 35,854
At 31 March 2024 990,500 8,149 998,649
Net book value
At 31 March 2024 300,757 21,925 322,682
At 31 March 2023 334,175 24,361 358,536
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 2
At 31 March 2024 2
5 Debtors 2024 2023
£ £
Other debtors 1,112,905 1,161,613
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 60,156 72,744
Taxation and social security costs 67,401 50,364
Other creditors 7,568 82,001
135,125 205,109
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 129,690
Other creditors 478,633 505,471
478,633 635,161
8 Other information
MAMOUNIA LOUNGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
37a Curzon Street
London
England
W1J 7TX
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