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Mehran Ltd
Registered Number:11754455
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2024
Mehran Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11754455
As at 31 December 2024
Mehran Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
44,681
62,472
2
44,681
62,472
Current assets
Inventories
123,000
137,000
3
6,995
Cash and cash equivalents
3,753
140,753
129,995
Trade and other payables: amounts falling due within one year
(102,942)
(114,183)
4
27,053
26,570
Net current assets
Total assets less current liabilities
71,251
89,525
Trade and other payables: amounts falling due after more than one
year
(89,524)
(71,250)
5
1
Net assets
1
Capital and reserves
Called up share capital
1
1
1
1
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2024 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.
Mehran Haghighat DEHSORKHI Director
These financial statements were approved and authorised for issue by the Board on 24 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2024
Mehran Ltd
Notes to the Financial Statements
Statutory Information
Mehran Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 11754455.
Principal place of business:
5 Newmans Way
Battlehill
Hexham
NE46 1BB
Registered address:
13 Mary Street
Sunderland
Tyne & Wear
The presentation currency is £ sterling.
1. Accounting policies
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.
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:
Plant and Machinery
20% Straight line
20% Straight line
Motor Vehicles
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 January 2024
88,955
41,359
47,596
At 31 December 2024
47,596
41,359
88,955
Provision for depreciation and impairment
At 01 January 2024
26,483
8,272
18,211
Charge for year
17,791
8,272
9,519
At 31 December 2024
44,274
16,544
27,730
At 31 December 2024
Net book value
19,866
24,815
44,681
At 31 December 2023
29,385
33,087
62,472
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:
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5
For the year ended 31 December 2024
Mehran Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
137,000
123,000
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
72,957
93,974
Taxation and social security
12,662
8,156
Other creditors
28,564
812
114,183
102,942
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
71,250
89,524
6. Average number of persons employed
During the year the average number of employees was 10 (2023 : 10)
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