Mavi's Retail Limited - Limited company accounts 16.3
Mavi's Retail Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| Report of the Director and |
| Financial Statements for the Year Ended 30 April 2017 |
| for |
| Mavi's Retail Limited |
| Mavi's Retail Limited (Registered number: 06867022) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2017 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Mavi's Retail Limited |
| Company Information |
| for the Year Ended 30 April 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Atlantic House |
| Imperial Way |
| Reading |
| Berkshire |
| RG2 0TD |
| Mavi's Retail Limited (Registered number: 06867022) |
| Report of the Director |
| for the Year Ended 30 April 2017 |
| The director presents his report with the financial statements of the company for the year ended 30 April 2017. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of Off-Licence, news agency and |
| general retail |
| DIVIDENDS |
| Interim dividends per share were paid as follows: |
| £360.00 | - 31 March 2017 |
| £120.00 | - 30 April 2017 |
| £ |
| The director recommends that no final dividend be paid. |
| The total distribution of dividends for the year ended 30 April 2017 will be £ |
| DIRECTOR |
| ON BEHALF OF THE BOARD: |
| Mavi's Retail Limited (Registered number: 06867022) |
| Income Statement |
| for the Year Ended 30 April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| 57,401 | 51,518 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| Mavi's Retail Limited (Registered number: 06867022) |
| Balance Sheet |
| 30 April 2017 |
| 30.4.17 | 30.4.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Mavi's Retail Limited (Registered number: 06867022) |
| Balance Sheet - continued |
| 30 April 2017 |
| The financial statements were approved by the director on |
| Mavi's Retail Limited (Registered number: 06867022) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2017 |
| 1. | STATUTORY INFORMATION |
| Mavi's Retail Limited is a |
| 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. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
| at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Depreciation - owned assets |
| Goodwill amortisation |
| Mavi's Retail Limited (Registered number: 06867022) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| AMORTISATION |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | and | Motor |
| leasehold | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 May 2016 |
| and 30 April 2017 |
| DEPRECIATION |
| At 1 May 2016 |
| Charge for year |
| At 30 April 2017 |
| NET BOOK VALUE |
| At 30 April 2017 |
| At 30 April 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Mavi's Retail Limited (Registered number: 06867022) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2017 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Bank loans |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 April 2017 and |
| 30 April 2016: |
| 30.4.17 | 30.4.16 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £48,000 (2016 - £36,000) were paid to the director . |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Prabhjyot Singh. |
| The director considers that the company's ultimate controlling party is Mr Prabhjyot Singh. |