MAHAL LIMITED - Limited company accounts 16.3
MAHAL LIMITED - Limited company accounts 16.3
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| MAHAL LIMITED |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| MAHAL LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 July 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 35A High Street |
| Ruislip |
| Middlesex |
| HA4 7AU |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| REPORT OF THE DIRECTORS |
| For The Year Ended 31 July 2016 |
| The directors present their report with the financial statements of the company for the year ended 31 July 2016. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of Off License and General Groceries Stores. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 August 2015 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| INCOME STATEMENT |
| For The Year Ended 31 July 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 157,680 | 240,492 |
| 1,269 | (14,238 | ) |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| BALANCE SHEET |
| 31 July 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| BALANCE SHEET - continued |
| 31 July 2016 |
| The financial statements were approved by the Board of Directors on |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 July 2016 |
| 1. | STATUTORY INFORMATION |
| MAHAL LIMITED is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Goodwill , being the amount paid in connection with the acquisition of a business and is not going to be |
| written off. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Depreciation - owned assets |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 July 2016 |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 August 2015 |
| Disposals | ( |
) |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 7. | STOCKS |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Stocks |
| MAHAL LIMITED (REGISTERED NUMBER: 05498544) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 July 2016 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | - | 2,904 |
| Wages Control a/c | 1,771 | - |
| Directors' current accounts | 10,278 | 97,047 |
| Accrued expenses |