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REGISTERED NUMBER: 02153709 (England and Wales)















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 5 320 694

CURRENT ASSETS
Debtors 6 1,662,711 1,639,199
Cash at bank 5,113 9,777
1,667,824 1,648,976
CREDITORS
Amounts falling due within one year 7 1,846,916 1,833,037
NET CURRENT LIABILITIES (179,092 ) (184,061 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(178,772

)

(183,367

)

PROVISIONS FOR LIABILITIES 9 61 132
NET LIABILITIES (178,833 ) (183,499 )

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 11 (278,833 ) (283,499 )
SHAREHOLDERS' FUNDS (178,833 ) (183,499 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2025 and were signed by:





N G Lovchand Shah - Director


MECHAGRYL LIMITED (REGISTERED NUMBER: 02153709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024


1. STATUTORY INFORMATION

Mechagryl Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02153709

Registered office: Unit 7
London Group Business Park
715 North Circular Road
NW2 7AQ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - straight line over 3 years

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 2 (2023 - 2 ) .

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 15,074 984 16,058
DEPRECIATION
At 30 September 2023 14,698 666 15,364
Charge for year 56 318 374
At 29 September 2024 14,754 984 15,738
NET BOOK VALUE
At 29 September 2024 320 - 320
At 29 September 2023 376 318 694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/9/24 29/9/23
£ £
Trade debtors 1,549,511 1,528,744
Other debtors 113,200 110,455
1,662,711 1,639,199

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/9/24 29/9/23
£ £
Trade creditors 21,151 21,153
Taxation and social security 1,129 1,021
Other creditors 1,824,636 1,810,863
1,846,916 1,833,037

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29/9/24 29/9/23
£ £
Within one year 18,000 16,800

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 132
Decelarated capital allowances (71 )
Balance at 29 September 2024 61

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/9/24 29/9/23
value: £ £
100,000 Ordinary 1 100,000 100,000

11. RESERVES
Retained
earnings
£

At 30 September 2023 (283,499 )
Profit for the year 4,666
At 29 September 2024 (278,833 )

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.