M & N SHETH LIMITED

Company Registration Number:
06091572 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

M & N SHETH LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

M & N SHETH LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Principal activities of the company are that of Accounting, Taxation, VAT book-keeping and Payroll services.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

MR N H SHETH


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 November 2024

And signed on behalf of the board by:
Name: MR N H SHETH
Status: Director

M & N SHETH LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 16,525 19,795
Cost of sales: 0 0
Gross profit(or loss): 16,525 19,795
Distribution costs: 0 0
Administrative expenses: ( 7,291 ) ( 8,486 )
Other operating income: 0 0
Operating profit(or loss): 9,234 11,309
Interest receivable and similar income: 13,743 2,859
Interest payable and similar charges: ( 408 ) ( 454 )
Profit(or loss) before tax: 22,569 13,714
Tax: ( 4,289 ) ( 2,655 )
Profit(or loss) for the financial year: 18,280 11,059

M & N SHETH LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 165,000 165,000
Tangible assets: 4 4,446 1,911
Investments:   0 0
Total fixed assets: 169,446 166,911
Current assets
Stocks: 5 50 50
Debtors:   0 0
Cash at bank and in hand: 641,515 626,055
Investments:   0 0
Total current assets: 641,565 626,105
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 4,677 ) ( 52,655 )
Net current assets (liabilities): 636,888 573,450
Total assets less current liabilities: 806,334 740,361
Creditors: amounts falling due after more than one year: 7 ( 131,248 ) ( 133,555 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 675,086 606,806
Capital and reserves
Called up share capital: 200 200
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 674,886 606,606
Total Shareholders' funds: 675,086 606,806

The notes form part of these financial statements

M & N SHETH LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 7 November 2024
and signed on behalf of the board by:

Name: MR N H SHETH
Status: Director

The notes form part of these financial statements

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for accountancy practice income

    Tangible fixed assets depreciation policy

    plant and equipment are carried at cost less accumulated depreciation calculated at 18% p.a. on reducing balance

    Valuation information and policy

    Assets and liabilities are measured at its fair value after impairemen

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 April 2023 165,000 165,000
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 165,000 165,000
Amortisation
At 1 April 2023 0 0
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 165,000 165,000
At 31 March 2023 165,000 165,000

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 19,302 19,302
Additions 3,511 3,511
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2024 22,813 22,813
Depreciation
At 1 April 2023 17,391 17,391
Charge for year 976 976
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 18,367 18,367
Net book value
At 31 March 2024 4,446 4,446
At 31 March 2023 1,911 1,911

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Stocks

2024 2023
£ £
Stocks 50 50
Payments on account 0 0
Total 50 50

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,289 2,655
Accruals and deferred income 388 0
Other creditors 50,000
Total 4,677 52,655

M & N SHETH LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 131,248 133,555
Total 131,248 133,555