Registered Number 13074195

MAHABAD LTD

Micro-entity Accounts

31 December 2023

MAHABAD LTD Registered Number 13074195

Micro-entity Balance Sheet as at 31 December 2023

Notes 2023 2022
£ £
Called up share capital not paid
-
-
Fixed Assets
-
-
Current Assets
-
-
Prepayments and accrued income
-
-
Creditors: amounts falling due within one year
0
0
Net current assets (liabilities)
0
0
Total assets less current liabilities
0
0
Creditors: amounts falling due after more than one year
0
0
Provisions for liabilities
(34,800)
(38,500)
Accruals and deferred income
0
0
Total net assets (liabilities)
(34,800)
(38,500)
Capital and reserves
(34,800)
(38,500)
  • For the year ending 31 December 2023 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 May 2025

And signed on their behalf by:
abdul dastyar, Director
Nabeel zaffar, Director

MAHABAD LTD Registered Number 13074195

Notes to the Micro-entity Accounts for the period ended 31 December 2023

1Employees
2023 2022
Average number of employees during the period 4 4
2Off balance sheet arrangements
Our business was an off-license shop established in 2020. However, due to the impact of the COVID-19 pandemic, it struggled from the outset and began to decline. To keep the business afloat, we borrowed money from credit cards, friends, family, and took out several loans. Unfortunately, despite these efforts, the business failed to recover and could not even cover basic expenses like rent and restocking.

By 2023, our debts had accumulated to nearly £50,000, and by April 2024, we could no longer afford the rent or other operational costs. As a result, we were forced to close the shop on 15th April 2024, leaving us with overwhelming debts that we are still struggling to repay.

Additionally, our accountant required £800 to finalize the business accounts, but we couldn’t afford the fee. Consequently, I completed the accounts to the best of my ability based on my own knowledge.