1 September 2023 false No description of principal activity Taxfiler 2024.6 14301117business:PrivateLimitedCompanyLtd2023-09-012024-08-31 143011172023-08-31 143011172023-09-012024-08-31 14301117business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 14301117business:FilletedAccounts2023-09-012024-08-31 143011172024-08-31 14301117business:Director12023-09-012024-08-31 14301117business:RegisteredOffice2023-09-012024-08-31 143011172023-08-31 14301117core:WithinOneYear2024-08-31 14301117core:WithinOneYear2023-08-31 14301117core:AfterOneYear2024-08-31 14301117core:AfterOneYear2023-08-31 14301117core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 14301117core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 14301117core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 14301117core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 14301117core:PreviouslyStatedAmount2024-08-31 14301117core:PreviouslyStatedAmount2023-08-31 14301117business:SmallEntities2023-09-012024-08-31 14301117countries:EnglandWales2023-09-012024-08-31 14301117core:FurnitureFittings2023-09-012024-08-31 14301117core:FurnitureFittings2023-08-31 14301117core:FurnitureFittings2024-08-31 143011172022-08-172023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14301117 (England and Wales)
MIHANSH HANDICRAFTS LTD Unaudited accounts for the year ended 31 August 2024
MIHANSH HANDICRAFTS LTD Unaudited accounts Contents
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MIHANSH HANDICRAFTS LTD Company Information for the year ended 31 August 2024
Director
Misha GUPTA
Company Number
14301117 (England and Wales)
Registered Office
174 LOWER HILLMORTON ROAD RUGBY CV21 3TW ENGLAND
Accountants
MJS BUSINESS MANAGEMENT SERVICES LTD 51 HEATHER ROAD BINLEY WOODS COVENTRY CV3 2DE
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MIHANSH HANDICRAFTS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,697 
5,525 
Current assets
Inventories
70,958 
12,547 
Debtors
14,831 
20,299 
Cash at bank and in hand
19,053 
25,664 
104,842 
58,510 
Creditors: amounts falling due within one year
(12,162)
(20,341)
Net current assets
92,680 
38,169 
Total assets less current liabilities
97,377 
43,694 
Creditors: amounts falling due after more than one year
(89,683)
(36,542)
Net assets
7,694 
7,152 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
6,694 
6,152 
Shareholders' funds
7,694 
7,152 
For the year ending 31 August 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.
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 31 May 2025 and were signed on its behalf by
Misha GUPTA Director Company Registration No. 14301117
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MIHANSH HANDICRAFTS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
MIHANSH HANDICRAFTS LTD is a private company, limited by shares, registered in England and Wales, registration number 14301117. The registered office is 174 LOWER HILLMORTON ROAD, RUGBY, CV21 3TW, 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.
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:
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
6,500 
At 31 August 2024
6,500 
Depreciation
At 1 September 2023
975 
Charge for the year
828 
At 31 August 2024
1,803 
Net book value
At 31 August 2024
4,697 
At 31 August 2023
5,525 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,831 
20,299 
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MIHANSH HANDICRAFTS LTD Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
9,293 
6,795 
Trade creditors
390 
11,003 
Taxes and social security
2,479 
2,543 
12,162 
20,341 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
89,683 
36,542 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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