Company Registration No. 14121064 (England and Wales)
MINA LOUNGE LTD
Unaudited accounts
for the year ended 31 May 2024
MINA LOUNGE LTD
Unaudited accounts
Contents
MINA LOUNGE LTD
Company Information
for the year ended 31 May 2024
Director
Rohit Shivkumar Sharma
Company Number
14121064 (England and Wales)
Registered Office
3 Brook Gate
Cambridge
CB1 2AA
United Kingdom
MINA LOUNGE LTD
Statement of financial position
as at 31 May 2024
Tangible assets
177,430
72,004
Cash at bank and in hand
47,748
95,606
Creditors: amounts falling due within one year
(250,886)
(56,259)
Net current (liabilities)/assets
(162,563)
44,847
Called up share capital
100
100
Profit and loss account
14,767
116,751
Shareholders' funds
14,867
116,851
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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Rohit Shivkumar Sharma
Director
Company Registration No. 14121064
MINA LOUNGE LTD
Notes to the Accounts
for the year ended 31 May 2024
MINA LOUNGE LTD is a private company, limited by shares, registered in England and Wales, registration number 14121064. The registered office is 3 Brook Gate, Cambridge, CB1 2AA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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& Reducing balance
Motor vehicles
20& Reducing balance
Fixtures & fittings
20& Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
-
3,750
86,255
90,005
Additions
5,585
6,000
124,198
135,783
At 31 May 2024
5,585
9,750
210,453
225,788
At 1 June 2023
-
750
17,251
18,001
Charge for the year
1,117
1,800
27,440
30,357
At 31 May 2024
1,117
2,550
44,691
48,358
At 31 May 2024
4,468
7,200
165,762
177,430
At 31 May 2023
-
3,000
69,004
72,004
Amounts falling due within one year
MINA LOUNGE LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
55,454
37,984
Loans from directors
(8,307)
7
7
Average number of employees
During the year the average number of employees was 24 (2023: 9).