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Registration number: 12936003

MNKH Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

MNKH Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

MNKH Ltd

Company Information

Director:

Mr H Haq

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

12936003

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

MNKH Ltd

(Registration number: 12936003)
Balance Sheet as at 31 October 2023

Note

31.10.23

31.10.22

   

£

£

£

£

FIXED ASSETS

   

 

Intangible assets

4

 

1,099

 

1,466

CURRENT ASSETS

   

 

Stocks

5

-

 

2,500

 

Debtors

6

-

 

181

 

Cash at bank and in hand

 

69

 

44

 

 

69

 

2,725

 

CREDITORS

   

 

Creditors within 1yr

7

38,647

 

28,080

 

Net current liabilities

   

(38,578)

 

(25,355)

Net liabilities

   

(37,479)

 

(23,889)

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

(37,579)

 

(23,989)

Shareholders' deficit

   

(37,479)

 

(23,889)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 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 29 October 2024

 

MNKH Ltd

(Registration number: 12936003)
Balance Sheet as at 31 October 2023 (continued)

.........................................
Mr H Haq
Director

 

MNKH Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1.

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 29 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.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the director will continue to support the business for at least 12 months from the date of signing the financial statements..

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

5 Years

 

MNKH Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

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.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

MNKH Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

4.

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 November 2022

1,833

1,833

At 31 October 2023

1,833

1,833

Amortisation

At 1 November 2022

367

367

Amortisation charge

367

367

At 31 October 2023

734

734

Carrying amount

At 31 October 2023

1,099

1,099

At 31 October 2022

1,466

1,466

5.

Stocks

31.10.23
£

31.10.22
£

Other inventories

-

2,500

6.

Debtors

Current

31.10.23
£

31.10.22
£

Other debtors

-

181

 

-

181

7.

Creditors

Creditors: amounts falling due within one year

 

MNKH Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

7

Creditors (continued)

31.10.23
£

31.10.22
£

Due within one year

Trade creditors

2,168

4,759

Taxation and social security

446

-

Accruals and deferred income

1,500

1,500

Other creditors

34,533

21,821

38,647

28,080

Included within other creditors is amount owed to the director of £18,424.
No interest or repayment terms have been set.
 

Also included within other creditors is amount owed to related party of £16,109.
No interest or repayment terms have been set and the loan is repayable on demand.