Registered number
08243585
Mishtidesh Ltd
Filleted Accounts
31 December 2024
Mishtidesh Ltd
Registered number: 08243585
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 98,185 91,137
Current assets
Stocks 62,954 74,970
Debtors 5 38,511 18,551
Cash at bank and in hand 1,024 1,199
102,489 94,720
Creditors: amounts falling due within one year 6 (164,711) (132,275)
Net current liabilities (62,222) (37,555)
Total assets less current liabilities 35,963 53,582
Creditors: amounts falling due after more than one year 7 (16,669) (26,669)
Net assets 19,294 26,913
Capital and reserves
Called up share capital 200 200
Profit and loss account 19,094 26,713
Shareholders' funds 19,294 26,913
The director is 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 director acknowledges his 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.
Mohammad Ashikur Rahman Talukdar
Director
Approved by the board on 25 September 2025
Mishtidesh Ltd
Notes to the Accounts
for the year ended 31 December 2024
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:
Leasehold land and buildings Not depreciated
Plant and machinery Reducing balance - 15%
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 39,000
At 31 December 2024 39,000
Amortisation
At 1 January 2024 39,000
At 31 December 2024 39,000
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 6 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 47,307 89,972 137,279
Additions 5,158 9,958 15,116
At 31 December 2024 52,465 99,930 152,395
Depreciation
At 1 January 2024 - 46,142 46,142
Charge for the year - 8,068 8,068
At 31 December 2024 - 54,210 54,210
Net book value
At 31 December 2024 52,465 45,720 98,185
At 31 December 2023 47,307 43,830 91,137
5 Debtors 2024 2023
£ £
Other debtors 38,511 18,551
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,277 2,647
Trade creditors 122,950 95,012
Corporation tax 3,464 5,120
Other taxes and social security costs 15,200 198
Other creditors 21,820 29,298
164,711 132,275
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,669 26,669
8 Other information
Mishtidesh Ltd is a private company limited by shares and incorporated in England. Its registered office is:
546-546a Coventry Road
Small Heath
Birmingham
West Midlands
B10 0UN
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