Mayur The Ayurvedic University Of Europe 05664215 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is provision of educational facilities Digita Accounts Production Advanced 6.30.9574.0 true 05664215 2023-02-01 2024-01-31 05664215 2024-01-31 05664215 core:CurrentFinancialInstruments 2024-01-31 05664215 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 05664215 bus:SmallEntities 2023-02-01 2024-01-31 05664215 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05664215 bus:FilletedAccounts 2023-02-01 2024-01-31 05664215 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05664215 bus:RegisteredOffice 2023-02-01 2024-01-31 05664215 bus:Director1 2023-02-01 2024-01-31 05664215 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05664215 countries:EnglandWales 2023-02-01 2024-01-31 05664215 2022-02-01 2023-01-31 05664215 2023-01-31 05664215 core:CurrentFinancialInstruments 2023-01-31 05664215 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 05664215

Mayur The Ayurvedic University Of Europe

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Mayur The Ayurvedic University Of Europe

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Mayur The Ayurvedic University Of Europe

Company Information

Director

Parameshwar Govind Kumar Warrier

Registered office

19 St. James's Gardens
London
W11 4RE

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR

 

Mayur The Ayurvedic University Of Europe

(Registration number: 05664215)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

85,500

85,500

Debtors

5

102,248

102,248

Cash at bank and in hand

 

19,968

4,271

 

207,716

192,019

Creditors: Amounts falling due within one year

6

(9,939)

(9,849)

Net assets

 

197,777

182,170

Capital and reserves

 

Retained earnings

197,777

182,170

Shareholders' funds

 

197,777

182,170

For the financial year ending 31 January 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 21 October 2024
 

.........................................
Parameshwar Govind Kumar Warrier
Director

 

Mayur The Ayurvedic University Of Europe

Notes to the Financial Statements for the Year Ended 31 January 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:
19 St. James's Gardens
London
W11 4RE
England

These financial statements were authorised for issue by the director on 21 October 2024.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Mayur The Ayurvedic University Of Europe

Notes to the Financial Statements for the Year Ended 31 January 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Stocks

2024
£

2023
£

Other inventories

85,500

85,500

 

Mayur The Ayurvedic University Of Europe

Notes to the Financial Statements for the Year Ended 31 January 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

102,248

102,248

 

102,248

102,248

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

5,860

5,860

Accruals and deferred income

 

1,008

918

Other creditors

 

3,071

3,071

 

9,939

9,849

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

5,860

5,860