Mahout Lifestyle Ltd - Accounts to registrar (filleted) - small 18.2
Mahout Lifestyle Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Mahout Lifestyle Ltd |
| Unaudited Financial Statements for the Year Ended 31st March 2019 |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Contents of the Financial Statements |
| for the year ended 31st March 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Mahout Lifestyle Ltd |
| Company Information |
| for the year ended 31st March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 8 Blandfield Road |
| London |
| SW12 8BG |
| BANKERS: |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Balance Sheet |
| 31st March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Balance Sheet - continued |
| 31st March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on and were signed on its behalf by: |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Notes to the Financial Statements |
| for the year ended 31st March 2019 |
| 1. | STATUTORY INFORMATION |
| Mahout Lifestyle Ltd is a |
| and Wales. The company's 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. |
| Tangible fixed assets |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the |
| Income Statement, except to the extent that it relates to items recognised in other |
| comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws |
| that have been enacted or substantively enacted by the balance sheet date. |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated |
| but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax |
| assessments in periods different from those in which they are recognised in financial |
| statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the |
| reversal of the timing difference. |
| 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. |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2018 |
| Additions |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| 4. | STOCKS |
| 2019 | 2018 |
| £ | £ |
| Stocks |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| VAT | - | 1,043 |
| Directors' current accounts | 431 | - |
| Accruals and deferred income |
| Sundry creditor | 1,500 | - |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Loans from directors |
| 8. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 901 | - |
| Mahout Lifestyle Ltd (Registered number: 07364610) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2019 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Provided during year |
| re : accelerated capital |
| allowances claim |
| Balance at 31st March 2019 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1st April 2018 | ( |
) | (71,902 | ) |
| Deficit for the year | ( |
) | ( |
) |
| At 31st March 2019 | ( |
) | (77,352 | ) |