15 false false false false false false false false false false true false false true false true true true true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2023 - FRS102_2023 98,000 98,000 xbrli:pure xbrli:shares iso4217:GBP 5508948 2023-09-01 2024-08-31 5508948 2024-08-31 5508948 2023-08-31 5508948 2022-09-01 2023-08-31 5508948 2023-08-31 5508948 2022-08-31 5508948 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 5508948 core:LandBuildings core:ShortLeaseholdAssets 2023-09-01 2024-08-31 5508948 core:PlantMachinery 2023-09-01 2024-08-31 5508948 core:FurnitureFittings 2023-09-01 2024-08-31 5508948 core:MotorVehicles 2023-09-01 2024-08-31 5508948 core:NetGoodwill 2023-09-01 2024-08-31 5508948 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 5508948 bus:Director1 2023-09-01 2024-08-31 5508948 core:NetGoodwill 2024-08-31 5508948 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 5508948 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 5508948 core:PlantMachinery 2023-08-31 5508948 core:FurnitureFittings 2023-08-31 5508948 core:MotorVehicles 2023-08-31 5508948 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 5508948 core:LandBuildings core:ShortLeaseholdAssets 2024-08-31 5508948 core:PlantMachinery 2024-08-31 5508948 core:FurnitureFittings 2024-08-31 5508948 core:MotorVehicles 2024-08-31 5508948 core:WithinOneYear 2024-08-31 5508948 core:WithinOneYear 2023-08-31 5508948 core:AfterOneYear 2024-08-31 5508948 core:AfterOneYear 2023-08-31 5508948 core:UKTax 2023-09-01 2024-08-31 5508948 core:UKTax 2022-09-01 2023-08-31 5508948 bus:AllOrdinaryShares 2023-09-01 2024-08-31 5508948 bus:AllOrdinaryShares 2022-09-01 2023-08-31 5508948 core:ShareCapital 2024-08-31 5508948 core:ShareCapital 2023-08-31 5508948 core:RetainedEarningsAccumulatedLosses 2024-08-31 5508948 core:RetainedEarningsAccumulatedLosses 2023-08-31 5508948 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 5508948 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 5508948 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 5508948 core:LandBuildings core:ShortLeaseholdAssets 2023-08-31 5508948 core:PlantMachinery 2023-08-31 5508948 core:FurnitureFittings 2023-08-31 5508948 core:MotorVehicles 2023-08-31 5508948 bus:SmallEntities 2023-09-01 2024-08-31 5508948 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 5508948 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 5508948 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 5508948 bus:FullAccounts 2023-09-01 2024-08-31 5508948 bus:OrdinaryShareClass1 2024-08-31 5508948 bus:OrdinaryShareClass1 2023-08-31 5508948 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 5508948 core:KeyManagementPersonnel 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 5508948
Mohammedi (UK) Ltd
Filleted Unaudited Financial Statements
31 August 2024
Mohammedi (UK) Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
8
167,226
173,852
Current assets
Stocks
101,590
99,517
Debtors
9
3,065
5,696
Cash at bank and in hand
147,071
74,602
-----------
-----------
251,726
179,815
Creditors: amounts falling due within one year
10
146,571
137,574
-----------
-----------
Net current assets
105,155
42,241
-----------
-----------
Total assets less current liabilities
272,381
216,093
Creditors: amounts falling due after more than one year
11
19,523
21,749
Provisions
Taxation including deferred tax
( 5,324)
( 6,379)
-----------
-----------
Net assets
247,534
187,965
-----------
-----------
Mohammedi (UK) Ltd
Statement of Financial Position (continued)
31 August 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
13
20
20
Profit and loss account
14
247,514
187,945
-----------
-----------
Shareholders funds
247,534
187,965
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 May 2025 , and are signed on behalf of the board by:
Mr Mohammed Haziq
Director
Company registration number: 5508948
Mohammedi (UK) Ltd
Notes to the Financial Statements
Year Ended 31st August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 330 - 336 Green Lane, Bordesley Green, Birmingham, B9 5DP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Revenue recognition
The turnover shown in the Profit and Loss Account represents amounts derived from ordinary activities and is recognised at the point of sale. The turnover is stated after deduction of trade discounts and is net of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% Straight Line and has been fully amortised
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
1% straight line
Short leasehold property
-
20% straight line
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 15 (2023: 14 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
29,062
14,513
Deferred tax:
Origination and reversal of timing differences
( 1,055)
1,888
----------
----------
Tax on profit
28,007
16,401
----------
----------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 20 %).
2024
2023
£
£
Profit on ordinary activities before taxation
117,576
72,626
-----------
----------
Profit on ordinary activities by rate of tax
29,394
14,513
Adjustment to tax charge in respect of prior periods
1
Effect of expenses not deductible for tax purposes
12
Effect of capital allowances and depreciation
1,561
( 13)
Deferred tax movement
( 1,055)
1,888
Marginal relief
( 1,893)
-----------
----------
Tax on profit
28,007
16,401
-----------
----------
6. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
30,000
30,000
----------
----------
7. Intangible assets
Goodwill
£
Cost
At 1st September 2023 and 31st August 2024
98,000
----------
Amortisation
At 1st September 2023 and 31st August 2024
98,000
----------
Carrying amount
At 31st August 2024
----------
At 31st August 2023
----------
8. Tangible assets
Freehold property
Short leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 Sep 2023
164,723
1,881
18,845
69,489
5,000
259,938
Additions
257
257
-----------
--------
----------
----------
--------
-----------
At 31 Aug 2024
164,723
1,881
18,845
69,746
5,000
260,195
-----------
--------
----------
----------
--------
-----------
Depreciation
At 1 Sep 2023
24,267
376
15,147
41,671
4,625
86,086
Charge for the year
1,647
376
555
4,212
93
6,883
-----------
--------
----------
----------
--------
-----------
At 31 Aug 2024
25,914
752
15,702
45,883
4,718
92,969
-----------
--------
----------
----------
--------
-----------
Carrying amount
At 31 Aug 2024
138,809
1,129
3,143
23,863
282
167,226
-----------
--------
----------
----------
--------
-----------
At 31 Aug 2023
140,456
1,505
3,698
27,818
375
173,852
-----------
--------
----------
----------
--------
-----------
9. Debtors
2024
2023
£
£
Prepayments
1,601
1,590
Other debtors
1,464
4,106
--------
--------
3,065
5,696
--------
--------
10. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
31,769
3,859
Trade creditors
48,494
77,743
Corporation tax
29,062
14,513
Social security and other taxes
1,483
852
Directors' loan account
25,000
29,368
Accruals
8,100
9,593
Other creditors
2,663
1,646
-----------
-----------
146,571
137,574
-----------
-----------
The bank overdraft and loan is secured by fixed and floating charge over the assets of the company as well as a charge on director's personal property.
11. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
19,523
21,749
----------
----------
12. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
5,324
6,379
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
5,324
6,379
--------
--------
13. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
--------
--------
--------
--------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
20
20
20
20
-----
-----
-----
-----
14. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
15. Directors' advances, credits and guarantees
The directors loan account was not overdrawn during the current or prior year.
16. Related party transactions
Controlling Party The company is under the control of the Directors and their family. They are also the key management personnel. Rent No rent was charged by the directors for business use of their personal properties in 2024 (2023 - nil). Dividends paid to directors Dividends of £21,000 were paid during the year to the directors (2023 - £21,000). Dividends paid to other shareholders Dividends of £9,000 were paid during the year to other shareholders (2023 - £9,000)