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Company Registration No. 11279724 (England and Wales)
MHB COLLECTION LTD. Unaudited accounts for the year ended 31 March 2025
MHB COLLECTION LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MHB COLLECTION LTD. Company Information for the year ended 31 March 2025
Director
Baldev Grewal
Company Number
11279724 (England and Wales)
Registered Office
10 REGENTS PLAZA 6 GREVILLE ROAD LONDON NW6 5HU ENGLAND
Accountants
CASA Accountancy & Bookkeeping Ltd 17 Lipizzaner Fields Whiteley Fareham Hampshire PO15 7BH
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MHB COLLECTION LTD. Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
55,684
61,072
Current assets
Inventories
41,426
35,060
Debtors
6
17,233
19,754
Cash at bank and in hand
40,938
36,325
99,597
91,139
Creditors: amounts falling due within one year
7
(37,874)
(64,517)
Net current assets
61,723
26,622
Total assets less current liabilities
117,407
87,694
Creditors: amounts falling due after more than one year
8
(52,899)
(24,676)
Net assets
64,508
63,018
Capital and reserves
Called up share capital
100
100
Profit and loss account
64,408
62,918
Shareholders' funds
64,508
63,018
For the year ending 31 March 2025 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 her 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 16 October 2025 and were signed on its behalf by
Baldev Grewal Director Company Registration No. 11279724
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MHB COLLECTION LTD. Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MHB COLLECTION LTD. is a private company, limited by shares, registered in England and Wales, registration number 11279724. The registered office is 10 REGENTS PLAZA, 6 GREVILLE ROAD, LONDON, NW6 5HU, 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:
Computer equipment
33.33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
89,812
At 31 March 2025
89,812
Amortisation
At 1 April 2024
28,740
Charge for the year
5,388
At 31 March 2025
34,128
Net book value
At 31 March 2025
55,684
At 31 March 2024
61,072
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MHB COLLECTION LTD. Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
1,822
At 31 March 2025
1,822
Depreciation
At 1 April 2024
1,822
At 31 March 2025
1,822
Net book value
At 31 March 2025
-
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
17,233
19,754
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
11,239
21,307
Trade creditors
21,546
27,155
Taxes and social security
2,577
6,323
Loans from directors
2,512
9,732
37,874
64,517
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
52,899
24,676
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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