Company Registration No. 06292149 (England and Wales)
Mahmoods (Franchising) Limited
Unaudited accounts
for the year ended 30 June 2023
Mahmoods (Franchising) Limited
Unaudited accounts
Contents
Mahmoods (Franchising) Limited
Company Information
for the year ended 30 June 2023
Company Number
06292149 (England and Wales)
Registered Office
402 Leeds Road
Bradford
BD3 9QX
England
Mahmoods (Franchising) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
71,138
59,336
Cash at bank and in hand
598,265
324,394
Creditors: amounts falling due within one year
(204,135)
(48,082)
Net current assets
394,130
276,312
Total assets less current liabilities
465,268
335,648
Provisions for liabilities
Deferred tax
(13,516)
(11,274)
Net assets
451,752
324,374
Called up share capital
300
300
Profit and loss account
451,452
324,074
Shareholders' funds
451,752
324,374
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Mr Tariq Mahmood
Director
Company Registration No. 06292149
Mahmoods (Franchising) Limited
Notes to the Accounts
for the year ended 30 June 2023
Mahmoods (Franchising) Limited is a private company, limited by shares, registered in England and Wales, registration number 06292149. The registered office is 402 Leeds Road, Bradford, BD3 9QX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Mahmoods (Franchising) Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Total
Charge for the year
37,181
5
Deferred taxation
2023
2022
Accelerated capital allowances
13,516
11,274
Provision at start of year
11,274
9,399
Charged to the profit and loss account
2,242
1,875
Provision at end of year
13,516
11,274
Allotted, called up and fully paid:
100 Ordinary class A shares of £1 each
100
100
100 Ordinary class B shares of £1 each
100
100
100 Ordinary class C shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 10 (2022: 9).
