Company Registration No. 06387453 (England and Wales)
MAI SUSHI LIMITED
Unaudited accounts
for the year ended 31 July 2020
MAI SUSHI LIMITED
Unaudited accounts
Contents
MAI SUSHI LIMITED
Company Information
for the year ended 31 July 2020
Directors
Mr Van Hua Nguyen
Ms To Trinh Nguyen
Company Number
06387453 (England and Wales)
Registered Office
36-38 Chalton Street
London
NW1 1JB
UK
Accountants
VTV Associates Ltd (ICPA)
92 Mayes Road
London
N22 6SY
MAI SUSHI LIMITED
Statement of financial position
as at
31 July 2020
Tangible assets
8,672
14,954
Cash at bank and in hand
183,516
187,670
Creditors: amounts falling due within one year
(85,304)
(89,317)
Net current assets
133,808
122,274
Net assets
142,480
137,228
Called up share capital
4
2
Profit and loss account
142,476
137,226
Shareholders' funds
142,480
137,228
For the year ending 31 July 2020 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 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 of Directors and authorised for issue on 5 March 2021 and were signed on its behalf by
Mr Van Hua Nguyen
Director
Company Registration No. 06387453
MAI SUSHI LIMITED
Notes to the Accounts
for the year ended 31 July 2020
MAI SUSHI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06387453. The registered office is 36-38 Chalton Street, London, NW1 1JB, UK.
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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2019
47,668
20,151
3,253
71,072
At 31 July 2020
47,668
20,151
3,253
71,072
At 1 August 2019
34,664
18,202
3,252
56,118
Charge for the year
4,333
1,949
-
6,282
At 31 July 2020
38,997
20,151
3,252
62,400
At 31 July 2020
8,671
-
1
8,672
At 31 July 2019
13,004
1,949
1
14,954
MAI SUSHI LIMITED
Notes to the Accounts
for the year ended 31 July 2020
Deferred tax asset
30,750
16,421
Total debtors less than one year
846
-
Total debtors
31,596
16,421
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
4,762
10,242
Taxes and social security
39,954
58,710
Proposed dividends
40,000
-
Loans from directors
-
20,000
7
Average number of employees
During the year the average number of employees was 10 (2019: 12).