Registered Number:08744129 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
MEHAR RETAIL LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
MEHAR RETAIL LTD
Statement of Financial Position
2022
2023
45,000
45,000
Property, plant and equipment |
429,264
431,714
2
474,264
476,714
115,493
155,453
3
Trade and other receivables |
34,825
47,888
4
76,641
Cash and cash equivalents |
3,405
206,746
226,959
Trade and other payables: amounts falling due within one |
year |
(273,891)
(111,910)
5
(46,932)
94,836
Net current assets
Total assets less current liabilities |
569,100
429,782
Trade and other payables: amounts falling due after more |
than one year |
(143,033)
(210,555)
6
358,545
Net assets
286,749
1,000
1,000
357,545
285,749
358,545
286,749
Shareholders' funds
For the year ended 30 November 2023 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by: |
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For the year ended 30 November 2023
MEHAR RETAIL LTD
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 30 November 2023
MEHAR RETAIL LTD
Notes to the Financial Statements
Statutory Information
MEHAR RETAIL LTD is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08744129. |
15 Armytage Road
Hounslow
TW5 9JH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years. |
Intangible assets
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Computer Equipment
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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For the year ended 30 November 2023
MEHAR RETAIL LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment |
483,842
778
20,860
43,281
418,923
43,281
20,860
778
483,842
418,923
Provision for depreciation and impairment |
52,128
300
13,848
37,980
-
Charge for year
2,450
72
1,052
1,326
-
54,578
372
14,900
39,306
-
418,923
3,975
5,960
406
429,264
418,923
5,301
7,012
478
431,714
2022
2023
155,453
115,493
4. Trade and other receivables |
2022
2023
47,888
34,825
5. Trade and other payables: amounts falling due within one year |
2022
2023
18,459
-
8,399
1
Taxation and social security |
65,747
63,868
19,305
210,022
111,910
273,891
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For the year ended 30 November 2023
MEHAR RETAIL LTD
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
41,078
40,733
Bank loans and overdraft (secured) |
232,372
102,300
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
(62,895)
-
210,555
143,033
7. Average number of persons employed |
During the year the average number of employees was 13 (2022 : 12)
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