MR DESI LIMITED

MR DESI LIMITED

MR DESI LIMITED - Company Information

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Acorah Software Products - Accounts Production 14.6.300 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 09161329 Mr Ramesh Devshi Chandegra Mr Niteshkumar Patel true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09161329 2022-08-31 09161329 2023-08-31 09161329 2022-09-01 2023-08-31 09161329 frs-core:Non-currentFinancialInstruments 2023-08-31 09161329 frs-core:ShareCapital 2023-08-31 09161329 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 09161329 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09161329 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 09161329 frs-bus:SmallEntities 2022-09-01 2023-08-31 09161329 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 09161329 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09161329 1 2022-09-01 2023-08-31 09161329 frs-bus:Director1 2022-09-01 2023-08-31 09161329 frs-bus:Director2 2022-09-01 2023-08-31 09161329 frs-countries:EnglandWales 2022-09-01 2023-08-31 09161329 2021-08-31 09161329 2022-08-31 09161329 2021-09-01 2022-08-31 09161329 frs-core:Non-currentFinancialInstruments 2022-08-31 09161329 frs-core:ShareCapital 2022-08-31 09161329 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 09161329
MR DESI LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2023
MR DESI LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
MR DESI LIMITED
Balance Sheet
As At 31 August 2023
Balance Sheet
Registered number: 09161329
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 175,500 175,500
Tangible Assets 16,579 18,451
192,079 193,951
CURRENT ASSETS
Stocks 99,386 91,300
Debtors 1,280 452
Cash at bank and in hand 33,719 55,645
134,385 147,397
Creditors: Amounts Falling Due Within One Year (205,747 ) (202,727 )
NET CURRENT ASSETS (LIABILITIES) (71,362 ) (55,330 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,717 138,621
Creditors: Amounts Falling Due After More Than One Year (29,568 ) (35,164 )
NET ASSETS 91,149 103,457
CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and Loss Account 91,049 103,357
SHAREHOLDERS' FUNDS 91,149 103,457
Page 1
Page 2
MR DESI LIMITED
Balance Sheet (continued)
As At 31 August 2023
For the year ending 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ramesh Devshi Chandegra
Director
28th May 2024
The notes on pages 3 to 4 form part of these financial statements.
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MR DESI LIMITED
Notes to the Financial Statements
For The Year Ended 31 August 2023
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 13 10
14 11
3. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
4. Ultimate Controlling Party
The company is controlled by Mr R Chandegra and Mr N Patel.
Page 3
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MR DESI LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2023
5. General Information
MR DESI LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09161329 . The registered office is 3-4 Green Parade , Whitton Road, Hounslow, TW3 2EN.
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