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REGISTERED NUMBER: 04580937 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

MADHU'S LIMITED

MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADHU'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Sanjay Anand
Sanjeev Anand
Arjun Anand





REGISTERED OFFICE: 39 South Road
Southall
Middlesex
UB1 1SW





REGISTERED NUMBER: 04580937 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY

MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 25,107 31,385
Tangible assets 4 600,279 651,376
625,386 682,761

CURRENT ASSETS
Stocks 75,000 120,000
Debtors 5 1,263,893 1,141,859
Cash at bank and in hand 650,003 360,249
1,988,896 1,622,108
CREDITORS
Amounts falling due within one year 6 2,120,133 1,930,591
NET CURRENT LIABILITIES (131,237 ) (308,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,149

374,278

PROVISIONS FOR LIABILITIES 89,541 97,951
NET ASSETS 404,608 276,327

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 404,008 275,727
404,608 276,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2018 and were signed on its
behalf by:





Sanjay Anand - Director


MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Madhu's Limited is a private company, limited by shares , registered in England and Wales. The
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of goods and services, excluding value added tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being
amortised evenly over its estimated useful life.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Long leasehold - over the duration of the lease
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 375,000 13,710 388,710
AMORTISATION
At 1 April 2017 347,653 9,672 357,325
Charge for year 5,470 808 6,278
At 31 March 2018 353,123 10,480 363,603
NET BOOK VALUE
At 31 March 2018 21,877 3,230 25,107
At 31 March 2017 27,347 4,038 31,385

MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Fixtures
Short Long and
leasehold leasehold fittings
£    £    £   
COST
At 1 April 2017 119,833 167,158 1,265,017
Additions - - 25,446
At 31 March 2018 119,833 167,158 1,290,463
DEPRECIATION
At 1 April 2017 47,933 127,844 729,040
Charge for year 11,983 12,102 56,142
At 31 March 2018 59,916 139,946 785,182
NET BOOK VALUE
At 31 March 2018 59,917 27,212 505,281
At 31 March 2017 71,900 39,314 535,977

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2017 71,840 732 1,624,580
Additions 9,250 - 34,696
At 31 March 2018 81,090 732 1,659,276
DEPRECIATION
At 1 April 2017 68,241 146 973,204
Charge for year 5,449 117 85,793
At 31 March 2018 73,690 263 1,058,997
NET BOOK VALUE
At 31 March 2018 7,400 469 600,279
At 31 March 2017 3,599 586 651,376

5. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 173,428 67,735
Other debtors 617,441 612,637
790,869 680,372

MADHU'S LIMITED (REGISTERED NUMBER: 04580937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. DEBTORS - continued
2018 2017
£    £   
Amounts falling due after more than one year:
Other debtors 473,024 461,487

Aggregate amounts 1,263,893 1,141,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,838,387 1,622,888
Tax 69,383 77,049
Social security and other taxes 24,840 19,831
VAT 139,693 152,966
Other creditors 30,372 41,083
Accruals and deferred income 17,458 16,774
2,120,133 1,930,591

7. RELATED PARTY DISCLOSURES

Other debtors more than one year relate to an interest bearing loan to Basilica Investments Limited, a
Jersey incorporated company, owned by a Jersey trust of which Mr Sanjay Anand and Mr Sanjeev
Anand are settlors. Interest of £11,537 (2017: £11,256) was receivable on the loan to Basilica
Investments Limited.

Rent of £62,400 (2017 - £62,400) was paid to Basilica Investments Limited.

Creditors include a balance of £26,457 (2017: £19,664 payable) receivable from the directors which
has been repaid after the balance sheet date.