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Registered Number: 08169446
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 August 2024

for

THE MUGHALS TRADING LIMITED

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 58,165  41,540 
Current assets 55,974  68,046 
Creditors: amount falling due within one year (13,172) (12,930)
Net current assets 42,802  55,116 
Total assets less current liabilities 100,967  96,656 
Net assets 100,967  96,656 
 
Capital and reserves 100,967  96,656 
 
  1. For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Hafiz Ameer Azam Gul
Director

Date approved: 21 October 2024
1
Statutory Information
THE MUGHALS TRADING LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08169446, registration address 8 George Street, Okehampton Post Office, Okehampton, Devon, EX20 1HW, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Short leasehold   Motor Vehicles   Total
  £   £   £
At 01 September 2023 4,622      4,622 
Additions   22,744    22,744 
Disposals    
At 31 August 2024 4,622    22,744    27,366 
Depreciation
At 01 September 2023 3,082      3,082 
Charge for year 308    5,811    6,119 
On disposals    
At 31 August 2024 3,390    5,811    9,201 
Net book values
Closing balance as at 31 August 2024 1,232    16,933    18,165 
Opening balance as at 01 September 2023 1,540      1,540 

3.

Average number of employees

Average number of employees during the year was 8  (2023: 7).
2