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Company Registration No. 10818860 (England and Wales)
MITHRA RETAILS LTD Unaudited accounts for the year ended 30 June 2024
MITHRA RETAILS LTD Unaudited accounts Contents
Page
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MITHRA RETAILS LTD Company Information for the year ended 30 June 2024
Director
Alstan Frank Emmanuvel Rasanathan
Company Number
10818860 (England and Wales)
Registered Office
1 Foster Road Gosport Hampshire PO12 2JH United Kingdom
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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MITHRA RETAILS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,885 
65,992 
Current assets
Inventories
396,240 
385,630 
Debtors
5,066 
44,996 
Cash at bank and in hand
57,808 
69,053 
459,114 
499,679 
Creditors: amounts falling due within one year
(99,304)
(252,420)
Net current assets
359,810 
247,259 
Total assets less current liabilities
418,695 
313,251 
Creditors: amounts falling due after more than one year
(222,507)
(175,401)
Net assets
196,188 
137,850 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
196,187 
137,849 
Shareholders' funds
196,188 
137,850 
For the year ending 30 June 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 3 September 2024 and were signed on its behalf by
Alstan Frank Emmanuvel Rasanathan Director Company Registration No. 10818860
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MITHRA RETAILS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
MITHRA RETAILS LTD is a private company, limited by shares, registered in England and Wales, registration number 10818860. The registered office is 1 Foster Road, Gosport, Hampshire, PO12 2JH, United Kingdom.
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:
Plant & machinery
20%
Motor vehicles
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
57,620 
13,417 
30,458 
101,495 
At 30 June 2024
57,620 
13,417 
30,458 
101,495 
Depreciation
At 1 July 2023
22,086 
13,417 
- 
35,503 
Charge for the year
7,107 
- 
- 
7,107 
At 30 June 2024
29,193 
13,417 
- 
42,610 
Net book value
At 30 June 2024
28,427 
- 
30,458 
58,885 
At 30 June 2023
35,534 
- 
30,458 
65,992 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
196 
126 
Other debtors
4,870 
44,870 
5,066 
44,996 
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MITHRA RETAILS LTD Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
35,914 
45,172 
Taxes and social security
17,328 
16,771 
Other creditors
32,268 
175,248 
Loans from directors
13,194 
14,629 
Accruals
600 
600 
99,304 
252,420 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
222,507 
175,401 
8
Average number of employees
During the year the average number of employees was 13 (2023: 12).
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