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REGISTERED NUMBER: 10269821 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

MANANDHAR BROS LTD

MANANDHAR BROS LTD (Registered number: 10269821)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

MANANDHAR BROS LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: K Manandhar
B Manandhar
J Manandhar





REGISTERED OFFICE: 48 Eversholt Street
London
NW1 1DA





REGISTERED NUMBER: 10269821 (England and Wales)





ACCOUNTANTS: EHK Consulting
Chartered Accountants
434 Finchley Road
London
NW2 2HY

MANANDHAR BROS LTD (Registered number: 10269821)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,346 123,346

CURRENT ASSETS
Stocks 1,500 3,200
Debtors 5 4,855 3,974
Cash at bank and in hand 94,982 95,457
101,337 102,631
CREDITORS
Amounts falling due within one year 6 (105,615 ) (111,422 )
NET CURRENT LIABILITIES (4,278 ) (8,791 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,068

114,555

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 118,968 114,455
SHAREHOLDERS' FUNDS 119,068 114,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





K Manandhar - Director


MANANDHAR BROS LTD (Registered number: 10269821)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

MANANDHAR BROS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery - 20% on cost

Land and buildings have not been depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

MANANDHAR BROS LTD (Registered number: 10269821)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 123,346 12,972 136,318
DEPRECIATION
At 1 August 2023
and 31 July 2024 - 12,972 12,972
NET BOOK VALUE
At 31 July 2024 123,346 - 123,346
At 31 July 2023 123,346 - 123,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 4,855 3,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 7) 3,456 4,097
Trade creditors 703 1,770
Tronc liability 3,480 3,844
Corporation tax 8,096 6,932
Social security and other taxes 1,810 3,087
Pension control 1,205 -
VAT 13,307 14,334
Wages & salaries control - 3,925
Directors' current accounts 72,908 72,908
Accrued expenses 650 525
105,615 111,422

7. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 3,456 4,097

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   

MANANDHAR BROS LTD (Registered number: 10269821)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2023 114,455
Profit for the year 34,513
Dividends (30,000 )
At 31 July 2024 118,968

MANANDHAR BROS LTD

Report of the Accountants to the Directors of
MANANDHAR BROS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






EHK Consulting
Chartered Accountants
434 Finchley Road
London
NW2 2HY


Date: .............................................