Company registration number:
11196830
MAHIRAH LIMITED
Unaudited filleted financial statements
For the period from 9 February 2018 to
28 February 2019
MAHIRAH LIMITED
Contents
Statement of financial position
Notes to the financial statements
MAHIRAH LIMITED
Statement of financial position
28 February 2019
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28/02/19
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Note
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£
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£
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Fixed assets
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Tangible assets
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5
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4,100
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_______
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4,100
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Current assets
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Stocks
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2,000
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Cash at bank and in hand
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5,496
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_______
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7,496
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Creditors: amounts falling due
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within one year
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6
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(
38,010)
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_______
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Net current liabilities
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(
30,514)
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_______
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Total assets less current liabilities
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(
26,414)
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_______
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Net liabilities
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(
26,414)
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_______
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Capital and reserves
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Called up share capital
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7
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100
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Profit and loss account
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(
26,514)
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_______
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Shareholder deficit
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(
26,414)
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_______
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For the period ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 November 2019
, and are signed on behalf of the board by:
Mr Norul Islam
Director
Company registration number:
11196830
MAHIRAH LIMITED
Notes to the financial statements
Period ended 28 February 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 175 Percy Road, Hampton, Middlesex, TW12 2JN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
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Fittings fixtures and equipment
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18 %
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reducing balance
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
6
5.
Tangible assets
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Fixtures, fittings and equipment
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Total
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£
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£
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Cost
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At 9 February 2018
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-
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-
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Additions
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5,000
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5,000
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_______
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_______
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At 28 February 2019
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5,000
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5,000
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_______
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_______
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Depreciation
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At 9 February 2018
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-
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-
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Charge for the year
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900
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900
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_______
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_______
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At 28 February 2019
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900
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900
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_______
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_______
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Carrying amount
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At 28 February 2019
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4,100
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4,100
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_______
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_______
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6.
Creditors: amounts falling due within one year
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28/02/19
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£
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Social security and other taxes
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13,672
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Other creditors
|
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24,338
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_______
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38,010
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_______
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7.
Called up share capital
Issued, called up and fully paid
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28/02/19
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No
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£
|
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Ordinary
shares of £
1.00 each
|
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100
|
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100
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_______
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_______
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