MHILD LIMITED - Accounts

MHILD LIMITED
Contents Page
For the year ended 31 March 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

MHILD LIMITED Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 31 March 2025 .................................................... 07 May 2025 1

MHILD LIMITED
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

31 March 2025

....................................................

07 May 2025

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MHILD LIMITED
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	4	4,850	0
Tangible fixed assets	5	790,197	361,927
		795,047	361,927
Current assets
Stocks		48,867	48,867
Debtors		186,963	0
Cash at bank and in hand		29,189	153,068
		265,019	201,935
Creditors: amount falling due within one year		(465,925)	(111,942)
Net current assets		(200,906)	89,993

Total assets less current liabilities		594,141	451,920
Net assets		594,141	451,920

Capital and reserves
Called up share capital		1	1
Profit and loss account		594,140	451,919
Shareholders' funds		594,141	451,920

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 07 May 2025 and were signed by:

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Fredrick Matenga
Director

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MHILD LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

MHILD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11865727, registration address 14 Sandycroft, London, SE2 0XY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.

Staff Costs

	2025 £	2024 £
Wages and salaries	1,636,469	3,328,180
Social security costs	19,206	26,072
Other staff costs	240,475	104,519
	1,896,150	3,458,771

Average number of employees during the year	Number	Number
Administration	1	1
Sales	10	9
	11	10

3.	Average number of employees Average number of employees during the year was 11 (2024 : 10).

4.

Intangible fixed assets

Cost	Software License	Total
	£	£
At 01 April 2024	-	-
Additions	4,850	4,850
Disposals	-	-
At 31 March 2025	4,850	4,850
Amortisation
At 01 April 2024	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2025	-	-
Net book values
At 31 March 2025	4,850	4,850
At 31 March 2024	-	-

5.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Land and Buildings	Total
	£	£	£	£
At 01 April 2024	164,111	227,553	-	391,664
Additions	78,292	96,510	323,931	498,733
Disposals	-	-	-	-
At 31 March 2025	242,403	324,063	323,931	890,397
Depreciation
At 01 April 2024	-	29,737	-	29,737
Charge for year	31,937	38,526	-	70,463
On disposals	-	-	-	-
At 31 March 2025	31,937	68,263	-	100,200
Net book values
Closing balance as at 31 March 2025	210,466	255,800	323,931	790,197
Opening balance as at 01 April 2024	164,111	197,816	-	361,927

The net book value of Land and Buildings includes £ 323,931 in respect of assets leased under finance leases or hire purchase contracts.

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