MAHALAKSHMI ENTERPRISES LTD

MAHALAKSHMI ENTERPRISES LTD

MAHALAKSHMI ENTERPRISES LTD - Company Information

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MAHALAKSHMI ENTERPRISES LTD

Company Registration Number:
07881492 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2019

Period of accounts

Start date: 01 January 2019

End date: 31 December 2019

MAHALAKSHMI ENTERPRISES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2019

Balance sheet
Notes

MAHALAKSHMI ENTERPRISES LTD

Balance sheet

As at 31 December 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 2,122 2,830
Investments: 4 58,185 54,185
Total fixed assets: 60,307 57,015
Current assets
Debtors:   1,902 2,204
Cash at bank and in hand: 31,604 45,881
Total current assets: 33,506 48,085
Creditors: amounts falling due within one year:   (42,656) (55,468)
Net current assets (liabilities): (9,150) (7,383)
Total assets less current liabilities: 51,157 49,632
Total net assets (liabilities): 51,157 49,632
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 51,057 49,532
Shareholders funds: 51,157 49,632

The notes form part of these financial statements

MAHALAKSHMI ENTERPRISES LTD

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 August 2020
and signed on behalf of the board by:

Name: Mr S Senthilnathan
Status: Director

The notes form part of these financial statements

MAHALAKSHMI ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

MAHALAKSHMI ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

2. Employees

2019 2018
Average number of employees during the period 2 2

MAHALAKSHMI ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Tangible Assets

Total
Cost £
At 01 January 2019 11,143
At 31 December 2019 11,143
Depreciation
At 01 January 2019 8,313
Charge for year 708
At 31 December 2019 9,021
Net book value
At 31 December 2019 2,122
At 31 December 2018 2,830

MAHALAKSHMI ENTERPRISES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less anyaccumulated impairment losses. Listed investments are measured at fair value with changes in fairvalue being recognised in profit or loss.