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Registration number: 06040199

M Kotecha Limited

Contents

Company Information	1
Statement of Directors' Responsibilities	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 12

M Kotecha Limited

Company Information

Directors

Mr Mitesh Kotecha Mrs Purvi Kotecha

Company secretary

Mrs Purvi Kotecha

Registered office

5 Theobald Court Theobald Street Elstree Hertfordshire WD6 4RN

Accountants

Sterling Associates Chartered Certified Accountants5 Theobald Court Theobald Street Elstree Hertfordshire WD6 4RN

M Kotecha Limited

Statement of Directors' Responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

M Kotecha Limited

(Registration number: 06040199)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	107,389	156,953
Tangible assets	5	425,127	437,622
		532,516	594,575
Current assets
Stocks	6	63,720	44,430
Debtors	7	435,769	465,634
Cash at bank and in hand		560,834	692,843
		1,060,323	1,202,907
Creditors: Amounts falling due within one year	8	(232,093)	(258,049)
Net current assets		828,230	944,858
Total assets less current liabilities		1,360,746	1,539,433
Creditors: Amounts falling due after more than one year	8	(25,481)	(88,892)
Provisions for liabilities		(22,902)	(29,471)
Net assets		1,312,363	1,421,070
Capital and reserves
Called up share capital	9	100	100
Retained earnings		1,312,263	1,420,970
Shareholders' funds		1,312,363	1,421,070

For the financial 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.

Directors' 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 December 2025 and signed on its behalf by:
 

M Kotecha Limited

(Registration number: 06040199)
Balance Sheet as at 31 March 2025

......................................... Mr Mitesh Kotecha Director

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN
England

These financial statements were authorised for issue by the Board on 24 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 11).

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	991,291	991,291
At 31 March 2025	991,291	991,291
Amortisation
At 1 April 2024	834,338	834,338
Amortisation charge	49,564	49,564
At 31 March 2025	883,902	883,902
Carrying amount
At 31 March 2025	107,389	107,389
At 31 March 2024	156,953	156,953

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	319,739	71,477	1,000	153,593
Additions	-	52,000	-	-
Disposals	-	-	-	(69,269)
At 31 March 2025	319,739	123,477	1,000	84,324
Depreciation
At 1 April 2024	-	53,293	1,000	67,691
Charge for the year	-	-	-	11,734
Eliminated on disposal	-	-	-	(30,305)
At 31 March 2025	-	53,293	1,000	49,120
Carrying amount
At 31 March 2025	319,739	70,184	-	35,204
At 31 March 2024	319,739	31,981	-	85,902

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Total £
Cost or valuation
At 1 April 2024	545,809
Additions	52,000
Disposals	(69,269)
At 31 March 2025	528,540
Depreciation
At 1 April 2024	121,984
Charge for the year	11,734
Eliminated on disposal	(30,305)
At 31 March 2025	103,413
Carrying amount
At 31 March 2025	425,127
At 31 March 2024	437,622

Included within the net book value of land and buildings above is £319,739 (2024 - £319,739) in respect of freehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	63,720	44,430

7

Debtors

Current	Note	2025 £	2024 £
Trade debtors		119,258	143,375
Amounts owed by related parties		295,093	295,093
Other debtors		21,418	27,166
		435,769	465,634

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	24,615	24,615
Trade creditors		161,488	149,868
Taxation and social security		32,486	64,576
Accruals and deferred income		8,372	8,786
Other creditors		5,132	10,204
		232,093	258,049

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £24,615 (2023 - £30,444).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	25,481	88,892

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £88,892 (2023 - £113,507).

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each of £1 each	100	100	100	100

M Kotecha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,500	12,500
Hire purchase contracts	22,981	76,392
	25,481	88,892

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Hire purchase contracts	14,615	14,615
	24,615	24,615

11	Parent and ultimate parent undertaking

The ultimate controlling party is the directors.