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REGISTERED NUMBER: 14474169 (England and Wales)
















Unaudited Financial Statements

for the Period 1 February 2023 to 30 November 2023

for


Mahesti Ltd


Mahesti Ltd (Registered number: 14474169)







Contents of the Financial Statements

for the Period 1 February 2023 to 30 November 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




Mahesti Ltd


Company Information

for the Period 1 February 2023 to 30 November 2023









DIRECTOR:

Mrs M Thangarasan







REGISTERED OFFICE:

37 Prescot Road


Fairfield


Liverpool


Merseyside


L7 0LA







REGISTERED NUMBER:

14474169 (England and Wales)







ACCOUNTANTS:

AA ACCOUNTANCY & INFO MANAGEMENT SERVICES LTD


T/A AA ACCOUNTANCY SERVICES


Accountants & Business Advisors


Kingsway House


20 Kingsway Crescent


Harrow


Middlesex


HA2 6BG


Mahesti Ltd (Registered number: 14474169)


Balance Sheet

30 November 2023




£   

£   



FIXED ASSETS


Intangible assets


45,000




Tangible assets


40,532



85,532





CURRENT ASSETS


Stocks

11,234





Debtors


6,000





Cash at bank and in hand

1,883




19,117




CREDITORS


Amounts falling due within one year


42,517




NET CURRENT LIABILITIES

(23,400

)



TOTAL ASSETS LESS CURRENT

LIABILITIES

62,132





CREDITORS


Amounts falling due after more than one

year


52,000




NET ASSETS

10,132





CAPITAL AND RESERVES


Called up share capital

100




Retained earnings

10,032




SHAREHOLDERS' FUNDS

10,132




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.  


The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:




Mrs M Thangarasan - Director



Mahesti Ltd (Registered number: 14474169)


Notes to the Financial Statements

for the Period 1 February 2023 to 30 November 2023


1.

STATUTORY INFORMATION



Mahesti Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Goodwill


Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.  



Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.


Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Plant and machinery etc

-

20% on cost



Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the period was 3 .