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REGISTERED NUMBER: 07219302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2021

for

MUSA FOODS (UK) LTD

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSA FOODS (UK) LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2021







DIRECTOR: Mrs S Musa





SECRETARY:





REGISTERED OFFICE: Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU





REGISTERED NUMBER: 07219302 (England and Wales)

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Balance Sheet
31 OCTOBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,634 21,579

CURRENT ASSETS
Stocks 21,000 21,000
Debtors 5 2,056,228 1,843,174
Cash at bank and in hand 56,980 50,159
2,134,208 1,914,333
CREDITORS
Amounts falling due within one year 6 1,644,129 1,860,919
NET CURRENT ASSETS 490,079 53,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,713

74,993

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 515,711 74,991
SHAREHOLDERS' FUNDS 515,713 74,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Balance Sheet - continued
31 OCTOBER 2021



The financial statements were approved by the director and authorised for issue on 12 August 2022 and were signed by:





Mrs S Musa - Director


MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2021


1. STATUTORY INFORMATION

Musa Foods (Uk) Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

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 16 (2020 - 17 ) .

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2020 19,386 17,829 147,208 36,431 220,854
Additions - - 12,600 - 12,600
At 31 October 2021 19,386 17,829 159,808 36,431 233,454
DEPRECIATION
At 1 November 2020 16,239 16,194 132,663 34,179 199,275
Charge for year 787 409 6,786 563 8,545
At 31 October 2021 17,026 16,603 139,449 34,742 207,820
NET BOOK VALUE
At 31 October 2021 2,360 1,226 20,359 1,689 25,634
At 31 October 2020 3,147 1,635 14,545 2,252 21,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,914,401 1,110,099
Other debtors 114,454 598,780
Social security and Other
taxes 13,318 22,652
Prepayments 14,055 111,643
2,056,228 1,843,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,488,525 1,566,445
Corporation Tax 10,632 162,448
Social security and other taxes 10,157 2,006
Other creditors 126,565 121,770
Accrued expenses 8,250 8,250
1,644,129 1,860,919

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2021 and 31 October 2020:

2021 2020
£    £   
S M Musa
Balance outstanding at start of year - 442,307
Amounts repaid - (442,307 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -