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Company Registration No. 06292149 (England and Wales)
Mahmoods (Franchising) Limited Unaudited accounts for the year ended 30 June 2024
Mahmoods (Franchising) Limited Unaudited accounts Contents
Page
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Mahmoods (Franchising) Limited Company Information for the year ended 30 June 2024
Director
Mr Tariq Mahmood
Company Number
06292149 (England and Wales)
Registered Office
402 Leeds Road Bradford BD3 9QX England
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Mahmoods (Franchising) Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,666 
71,138 
Current assets
Cash at bank and in hand
806,008 
598,265 
Creditors: amounts falling due within one year
(311,920)
(204,135)
Net current assets
494,088 
394,130 
Total assets less current liabilities
550,754 
465,268 
Provisions for liabilities
Deferred tax
(14,167)
(13,516)
Net assets
536,587 
451,752 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
536,287 
451,452 
Shareholders' funds
536,587 
451,752 
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 4 March 2025 and were signed on its behalf by
Mr Tariq Mahmood Director Company Registration No. 06292149
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Mahmoods (Franchising) Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Mahmoods (Franchising) Limited is a private company, limited by shares, registered in England and Wales, registration number 06292149. The registered office is 402 Leeds Road, Bradford, BD3 9QX, England.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
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% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mahmoods (Franchising) Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
438,262 
Additions
30,310 
At 30 June 2024
468,572 
Depreciation
At 1 July 2023
367,124 
Charge for the year
44,782 
At 30 June 2024
411,906 
Net book value
At 30 June 2024
56,666 
At 30 June 2023
71,138 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
14,167 
13,516 
2024 
2023 
£ 
£ 
Provision at start of year
13,516 
11,274 
Charged to the profit and loss account
651 
2,242 
Provision at end of year
14,167 
13,516 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary class A shares of £1 each
100 
100 
100 Ordinary class B shares of £1 each
100 
100 
100 Ordinary class C shares of £1 each
100 
100 
300 
300 
7
Average number of employees
During the year the average number of employees was 7 (2023: 10).
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