Registered number
06357758
MIRZA LIMITED
Unaudited Filleted Accounts
31 March 2024
MIRZA LIMITED
Registered number: 06357758
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 50,647 1,108
Current assets
Debtors 5 86,185 84,673
Cash at bank and in hand 33,112 29,305
119,297 113,978
Creditors: amounts falling due within one year 6 (38,852) (36,668)
Net current assets 80,445 77,310
Total assets less current liabilities 131,092 78,418
Creditors: amounts falling due after more than one year 7 (81,507) (40,833)
Net assets 49,585 37,585
Capital and reserves
Called up share capital 100 100
Profit and loss account 49,485 37,485
Shareholders' funds 49,585 37,585
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.
Rizwan Mirza
Director
Approved by the board on 22 October 2024
MIRZA LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Motor vehicles over 5 years
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 103,813
At 31 March 2024 103,813
Amortisation
At 1 April 2023 103,813
At 31 March 2024 103,813
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 20,312 - 20,312
Additions - 62,100 62,100
At 31 March 2024 20,312 62,100 82,412
Depreciation
At 1 April 2023 19,204 - 19,204
Charge for the year 141 12,420 12,561
At 31 March 2024 19,345 12,420 31,765
Net book value
At 31 March 2024 967 49,680 50,647
At 31 March 2023 1,108 - 1,108
5 Debtors 2024 2023
£ £
Trade debtors 56,827 67,586
Other debtors 29,358 17,087
86,185 84,673
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 554
Taxation and social security costs 38,433 35,079
Other creditors 419 1,035
38,852 36,668
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,344 40,833
Obligations under finance lease and hire purchase contracts 47,163 -
81,507 40,833
8 Other information
MIRZA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
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