Mahalaxmi Catering Limited 31/05/2023 iXBRL
Mahalaxmi Catering Limited 31/05/2023 iXBRL
Company registration number:
10409138
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Statement of financial position
31 May 2023
31/05/23 | 31/10/22 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 6 |
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Tangible assets | 7 |
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Current assets | |||||||||
Stocks | - |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 9 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 10 |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 June 2023
, and are signed on behalf of the board by:
Director
Company registration number:
10409138
Notes to the financial statements
Period ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 134 Field End Road, Pinner, HA5 1RJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
At the balance sheet date, the financial statements show that the company has liabilities in excess of assets of £200,100 (2021: £133,461) as a result of losses made to date. The financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company for the foreseeable future and meet the excess liabilities if the company is unable to do so.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and 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 have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
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:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Computer equipment | - |
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Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
6
(2022:
8
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5.
Tax on loss
Major components of tax income/expense
Period | Year | |||
ended | ended | |||
31/05/23 | 31/10/22 | |||
£ | £ | |||
Deferred tax: | ||||
Origination and reversal of timing differences |
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Tax on loss |
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6.
Intangible assets
Goodwill | Total | ||
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Cost | |||
At 1 November 2022 and 31 May 2023 |
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Amortisation | |||
At 1 November 2022 |
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Charge for the period |
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At 31 May 2023 |
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Carrying amount | |||
At 31 May 2023 |
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At 31 October 2022 |
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7.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Computer equipment | Total | ||
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Cost | |||||
At 1 November 2022 and 31 May 2023 |
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Depreciation | |||||
At 1 November 2022 |
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Charge for the year |
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At 31 May 2023 |
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Carrying amount | |||||
At 31 May 2023 |
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At 31 October 2022 |
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8.
Debtors
31/05/23 | 31/10/22 | |||
£ | £ | |||
Other debtors |
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9.
Creditors: amounts falling due within one year
31/05/23 | 31/10/22 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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10.
Creditors: amounts falling due after more than one year
31/05/23 | 31/10/22 | |||
£ | £ | |||
Bank loans and overdrafts |
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11.
Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company: | ||||
Period ended 31/05/23 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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Year ended 31/10/22 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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