Registered number
09874308
MAHAR FOODS LIMITED
Filleted Accounts
31 March 2025
MAHAR FOODS LIMITED
Registered number: 09874308
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 61,256 61,256
Tangible assets 4 13,582 17,075
74,838 78,331
Current assets
Stocks 82,000 95,000
Debtors 5 33,942 37,422
Cash at bank and in hand 29,315 8,337
145,257 140,759
Creditors: amounts falling due within one year 6 (54,845) (65,627)
Net current assets 90,412 75,132
Total assets less current liabilities 165,250 153,463
Creditors: amounts falling due after more than one year 7 (115,832) (115,832)
Net assets 49,418 37,631
Capital and reserves
Called up share capital 1 1
Profit and loss account 49,417 37,630
Shareholders' funds 49,418 37,631
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Fayyaz Ahmad
Director
Approved by the board on 28 April 2025
MAHAR FOODS LIMITED
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 61,256
At 31 March 2025 61,256
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 61,256
At 31 March 2024 61,256
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 10,000 25,047 35,047
At 31 March 2025 10,000 25,047 35,047
Depreciation
At 1 April 2024 6,000 11,972 17,972
Charge for the year 500 2,993 3,493
At 31 March 2025 6,500 14,965 21,465
Net book value
At 31 March 2025 3,500 10,082 13,582
At 31 March 2024 4,000 13,075 17,075
5 Debtors 2025 2024
£ £
Trade debtors 3,354 6,834
Other debtors 30,588 30,588
33,942 37,422
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 26,418 32,767
Trade creditors 836 1,831
Taxation and social security costs 3,494 1,926
VAT payable 3,072 2,335
Accruals 312 -
Other creditors 20,713 26,768
54,845 65,627
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 43,592 43,592
Obligations under finance lease and hire purchase contracts 13,720 13,720
Other creditors 58,520 58,520
115,832 115,832
8 Other information
MAHAR FOODS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
100 Chalton Street
London
NW1 1HJ
MAHAR FOODS LIMITED 09874308 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr. Fayyaz Ahmad No description of principal activity 09874308 2023-04-01 2024-03-31 09874308 core:WithinOneYear 2024-03-31 09874308 core:AfterOneYear 2024-03-31 09874308 core:ShareCapital 2024-03-31 09874308 core:RetainedEarningsAccumulatedLosses 2024-03-31 09874308 2024-04-01 2025-03-31 09874308 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09874308 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09874308 bus:Director40 2024-04-01 2025-03-31 09874308 1 2024-04-01 2025-03-31 09874308 2 2024-04-01 2025-03-31 09874308 core:PlantMachinery 2024-04-01 2025-03-31 09874308 core:Vehicles 2024-04-01 2025-03-31 09874308 countries:England 2024-04-01 2025-03-31 09874308 bus:FRS102 2024-04-01 2025-03-31 09874308 bus:FilletedAccounts 2024-04-01 2025-03-31 09874308 2025-03-31 09874308 core:WithinOneYear 2025-03-31 09874308 core:AfterOneYear 2025-03-31 09874308 core:ShareCapital 2025-03-31 09874308 core:RetainedEarningsAccumulatedLosses 2025-03-31 09874308 core:Goodwill 2025-03-31 09874308 core:PlantMachinery 2025-03-31 09874308 core:Vehicles 2025-03-31 09874308 2024-03-31 09874308 core:Goodwill 2024-03-31 09874308 core:PlantMachinery 2024-03-31 09874308 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure