1 July 2023 false No description of principal activity Taxfiler 2024.7.3 12682244business:PrivateLimitedCompanyLtd2023-07-012024-06-30 126822442023-06-30 126822442023-07-012024-06-30 12682244business:AuditExemptWithAccountantsReport2023-07-012024-06-30 12682244business:FilletedAccounts2023-07-012024-06-30 126822442024-06-30 12682244business:Director12023-07-012024-06-30 12682244business:Director22023-07-012024-06-30 12682244business:RegisteredOffice2023-07-012024-06-30 126822442023-06-30 12682244core:WithinOneYear2024-06-30 12682244core:WithinOneYear2023-06-30 12682244core:AfterOneYear2024-06-30 12682244core:AfterOneYear2023-06-30 12682244core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12682244core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12682244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12682244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12682244core:PreviouslyStatedAmount2024-06-30 12682244core:PreviouslyStatedAmount2023-06-30 12682244business:SmallEntities2023-07-012024-06-30 12682244countries:EnglandWales2023-07-012024-06-30 12682244core:PlantMachinery2023-07-012024-06-30 12682244core:MotorVehicles2023-07-012024-06-30 12682244core:FurnitureFittings2023-07-012024-06-30 12682244core:ComputerEquipment2023-07-012024-06-30 12682244core:PlantMachinery2023-06-30 12682244core:MotorVehicles2023-06-30 12682244core:FurnitureFittings2023-06-30 12682244core:ComputerEquipment2023-06-30 12682244core:PlantMachinery2024-06-30 12682244core:MotorVehicles2024-06-30 12682244core:FurnitureFittings2024-06-30 12682244core:ComputerEquipment2024-06-30 12682244core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-06-30 12682244core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-06-30 126822442022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 12682244 (England and Wales)
Mudita Group Ltd Unaudited accounts for the year ended 30 June 2024
Mudita Group Ltd Unaudited accounts Contents
Page
- 2 -
Mudita Group Ltd Company Information for the year ended 30 June 2024
Directors
Maninder Singh Billen Jagdeep Singh Gill
Company Number
12682244 (England and Wales)
Registered Office
71-75 Shelton Street London Greater London WC2H 9JQ
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
- 3 -
Mudita Group Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
32,812 
41,593 
Current assets
Debtors
53,834 
191,091 
Cash at bank and in hand
6,059 
76,970 
59,893 
268,061 
Creditors: amounts falling due within one year
(78,272)
(244,141)
Net current (liabilities)/assets
(18,379)
23,920 
Total assets less current liabilities
14,433 
65,513 
Creditors: amounts falling due after more than one year
(22,188)
(29,156)
Net (liabilities)/assets
(7,755)
36,357 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(7,757)
36,355 
Shareholders' funds
(7,755)
36,357 
For the year ending 30 June 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 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 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 of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by
Maninder Singh Billen Director Company Registration No. 12682244
- 4 -
Mudita Group Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mudita Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12682244. The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Mudita Group Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
222 
54,180 
393 
5,072 
59,867 
Additions
- 
- 
272 
2,108 
2,380 
Disposals
- 
- 
- 
(1,031)
(1,031)
At 30 June 2024
222 
54,180 
665 
6,149 
61,216 
Depreciation
At 1 July 2023
37 
17,392 
79 
766 
18,274 
Charge for the year
37 
9,197 
95 
1,246 
10,575 
On disposals
- 
- 
- 
(445)
(445)
At 30 June 2024
74 
26,589 
174 
1,567 
28,404 
Net book value
At 30 June 2024
148 
27,591 
491 
4,582 
32,812 
At 30 June 2023
185 
36,788 
314 
4,306 
41,593 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
27,591 
36,788 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,458 
12,496 
Accrued income and prepayments
1,376 
178,595 
53,834 
191,091 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,175 
7,175 
Trade creditors
17,906 
163,379 
Taxes and social security
40,823 
68,001 
Other creditors
11,634 
4,886 
Accruals
734 
700 
78,272 
244,141 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,188 
29,156 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -