Company Registration No. 12625529 (England and Wales)
Mantra Logistics Limited
Unaudited accounts
for the year ended 31 May 2024
Mantra Logistics Limited
Unaudited accounts
Contents
Mantra Logistics Limited
Company Information
for the year ended 31 May 2024
Directors
Bhavesh Sharma
Bhavesh Vijay Chauhan
Company Number
12625529 (England and Wales)
Registered Office
203 Kilburn High Road
London
NW6 7HY
England
Accountants
Taxsolvers
108 Belgrave Gate
Leicester
Leicestershire
LE1 3GR
Mantra Logistics Limited
Statement of financial position
as at 31 May 2024
Tangible assets
36,437
60,133
Cash at bank and in hand
92,091
99,339
Creditors: amounts falling due within one year
(191,242)
(134,957)
Net current (liabilities)/assets
(62,675)
52,293
Total assets less current liabilities
(17,600)
116,457
Provisions for liabilities
Deferred tax
(11,043)
(6,541)
Net (liabilities)/assets
(28,643)
109,916
Called up share capital
100
100
Profit and loss account
(28,743)
109,816
Shareholders' funds
(28,643)
109,916
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
Bhavesh Sharma
Director
Company Registration No. 12625529
Mantra Logistics Limited
Notes to the Accounts
for the year ended 31 May 2024
Mantra Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 12625529. The registered office is 203 Kilburn High Road, London, NW6 7HY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on straight line
Motor vehicles
50% on straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
63,951
45,173
109,124
At 31 May 2024
64,707
45,173
109,880
At 1 June 2023
15,995
32,996
48,991
Charge for the year
12,941
11,511
24,452
At 31 May 2024
28,936
44,507
73,443
At 31 May 2024
35,771
666
36,437
At 31 May 2023
47,956
12,177
60,133
Mantra Logistics Limited
Notes to the Accounts
for the year ended 31 May 2024
5
Investments
Other investments
Valuation at 1 June 2023
4,031
Valuation at 31 May 2024
8,638
Amounts falling due within one year
Trade debtors
5,570
57,580
Accrued income and prepayments
645
570
Other debtors
27,261
27,261
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
138,061
22,660
Taxes and social security
20
9,472
Other creditors
25,032
75,445
Loans from directors
13,340
722
Allotted, called up and fully paid:
60 Ordinary shares A of £1 each
60
50
40 Ordinary shares B of £1 each
40
50
Shares issued during the period:
10 Ordinary shares A of £1 each
10
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).