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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
Page
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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
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Mantra Logistics Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,437 
60,133 
Investments
8,638 
4,031 
45,075 
64,164 
Current assets
Inventories
3,000 
2,500 
Debtors
33,476 
85,411 
Cash at bank and in hand
92,091 
99,339 
128,567 
187,250 
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 
Capital and reserves
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
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Mantra Logistics Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
756 
- 
756 
At 31 May 2024
64,707 
45,173 
109,880 
Depreciation
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 
Net book value
At 31 May 2024
35,771 
666 
36,437 
At 31 May 2023
47,956 
12,177 
60,133 
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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 
Additions
4,607 
Valuation at 31 May 2024
8,638 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,570 
57,580 
Accrued income and prepayments
645 
570 
Other debtors
27,261 
27,261 
33,476 
85,411 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,689 
26,208 
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 
Accruals
1,100 
450 
191,242 
134,957 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
60 Ordinary shares A of £1 each
60 
50 
40 Ordinary shares B of £1 each
40 
50 
100 
100 
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).
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