| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| MECHAGRYL LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| MECHAGRYL LIMITED |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| BALANCE SHEET |
| 29 SEPTEMBER 2024 |
| 29/9/24 | 29/9/23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| BALANCE SHEET - continued |
| 29 SEPTEMBER 2024 |
| The financial statements were approved by the director and authorised for issue on |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Mechagryl Limited is a |
| Registered number: |
| Registered office: |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under the operating lease are charged to profit and loss on a straight line basis over the period of the lease. |
| Going concern |
| The directors have confirmed that they will continue to give financial support to the company until such time as its position improves. The company will continue to meet its liabilities as they fall due. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 30 September 2023 |
| and 29 September 2024 |
| DEPRECIATION |
| At 30 September 2023 |
| Charge for year |
| At 29 September 2024 |
| NET BOOK VALUE |
| At 29 September 2024 |
| At 29 September 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29/9/24 | 29/9/23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29/9/24 | 29/9/23 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 29/9/24 | 29/9/23 |
| £ | £ |
| Within one year |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 9. | PROVISIONS FOR LIABILITIES |
| 29/9/24 | 29/9/23 |
| £ | £ |
| Deferred tax | 61 | 132 |
| Deferred tax |
| £ |
| Balance at 30 September 2023 |
| Decelarated capital allowances | (71 | ) |
| Balance at 29 September 2024 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29/9/24 | 29/9/23 |
| value: | £ | £ |
| Ordinary | 1 | 100,000 | 100,000 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 30 September 2023 | ( |
) |
| Profit for the year |
| At 29 September 2024 | ( |
) |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The company operates from the retail unit owned by the director and there is a commercial lease between the parties involved. During the year, this was sublet to a tenant for the rent of £18,000 (2023 : £16,800) for its use. |
| 13. | RELATED PARTY DISCLOSURES |
| At the year ended 29 September 2024, an amount of £390,244 (2023 : £374,197) was owed to the director of the company, N Shah. During the period, director fees of £4,800 (2023 : £4,800) was charged for the day to day running and management of the company. |
| MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 14. | ULTIMATE CONTROLLING PARTY |
| The director is the ultimate controller, by the virtue of holding majority issued share capital of the company. |