IRIS Accounts Production v22.1.4.3 07361911 Board of Directors 1.10.20 30.9.21 30.9.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073619112020-09-30073619112021-09-30073619112020-10-012021-09-30073619112019-09-30073619112019-10-012020-09-30073619112020-09-3007361911ns16:EnglandWales2020-10-012021-09-3007361911ns15:PoundSterling2020-10-012021-09-3007361911ns11:Director12020-10-012021-09-3007361911ns11:PrivateLimitedCompanyLtd2020-10-012021-09-3007361911ns11:SmallEntities2020-10-012021-09-3007361911ns11:AuditExempt-NoAccountantsReport2020-10-012021-09-3007361911ns11:SmallCompaniesRegimeForDirectorsReport2020-10-012021-09-3007361911ns11:SmallCompaniesRegimeForAccounts2020-10-012021-09-3007361911ns11:FullAccounts2020-10-012021-09-3007361911ns11:OrdinaryShareClass12020-10-012021-09-3007361911ns11:Director22020-10-012021-09-3007361911ns11:RegisteredOffice2020-10-012021-09-3007361911ns6:CurrentFinancialInstruments2021-09-3007361911ns6:CurrentFinancialInstruments2020-09-3007361911ns6:Non-currentFinancialInstruments2021-09-3007361911ns6:Non-currentFinancialInstruments2020-09-3007361911ns6:ShareCapital2021-09-3007361911ns6:ShareCapital2020-09-3007361911ns6:RetainedEarningsAccumulatedLosses2021-09-3007361911ns6:RetainedEarningsAccumulatedLosses2020-09-3007361911ns6:PlantMachinery2020-10-012021-09-3007361911ns6:PlantMachinery2020-09-3007361911ns6:PlantMachinery2021-09-3007361911ns6:PlantMachinery2020-09-3007361911ns6:AdditionsToInvestments2021-09-3007361911ns6:CostValuation2021-09-3007361911ns6:WithinOneYearns6:CurrentFinancialInstruments2021-09-3007361911ns6:WithinOneYearns6:CurrentFinancialInstruments2020-09-3007361911ns11:OrdinaryShareClass12021-09-3007361911ns6:RetainedEarningsAccumulatedLosses2020-09-3007361911ns6:RetainedEarningsAccumulatedLosses2020-10-012021-09-30
REGISTERED NUMBER: 07361911 (England and Wales)















MAZZEI'S LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021






MAZZEI'S LTD (REGISTERED NUMBER: 07361911)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAZZEI'S LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: F Mazzei
Ms M Conte





REGISTERED OFFICE: 2nd Floor, One Hobbs House,
Harrovian business village,
Bessborough Rd,
Harrow
London
HA1 3EX





REGISTERED NUMBER: 07361911 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

MAZZEI'S LTD (REGISTERED NUMBER: 07361911)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,786 85,413
Investments 5 6,450 -
41,236 85,413

CURRENT ASSETS
Debtors 6 16,598 16,205
Cash at bank 101,377 113,277
117,975 129,482
CREDITORS
Amounts falling due within one year 7 43,386 46,263
NET CURRENT ASSETS 74,589 83,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,825

168,632

CREDITORS
Amounts falling due after more than one
year

8

38,099

47,649
NET ASSETS 77,726 120,983

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 77,626 120,883
SHAREHOLDERS' FUNDS 77,726 120,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:



F Mazzei - Director


MAZZEI'S LTD (REGISTERED NUMBER: 07361911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

Mazzei's 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 represents the net amount invoiced for services provided, excluding VAT.

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 etc - 33% on cost

Government grants
Government grants relate to income received in respect of the Coronavirus Job Retention Scheme which was provided by the Government to businesses in the UK to help alleviate the financial impact of Covid-19 by placing staff on temporary leave. Government grants are accounted for under the accruals basis as permitted by FRS 102. Grants of a revenue nature are recognised in the Income Statement as other operating income in the same period as the related expenditure and when reasonable assurances are gained that the Company will comply with the conditions attached to the grant and it will be received.

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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

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 2 (2020 - 2 ) .

MAZZEI'S LTD (REGISTERED NUMBER: 07361911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020 208,784
Additions 2,127
At 30 September 2021 210,911
DEPRECIATION
At 1 October 2020 123,371
Charge for year 52,754
At 30 September 2021 176,125
NET BOOK VALUE
At 30 September 2021 34,786
At 30 September 2020 85,413

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 6,450
At 30 September 2021 6,450
NET BOOK VALUE
At 30 September 2021 6,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 16,328 16,205
Other debtors 270 -
16,598 16,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 9,551 2,351
Taxation and social security 29,647 26,176
Other creditors 4,188 17,736
43,386 46,263

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 38,099 47,649

MAZZEI'S LTD (REGISTERED NUMBER: 07361911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary Shares £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2020 120,883
Profit for the year 13,658
Dividends (56,915 )
At 30 September 2021 77,626

11. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year is £142 (2020: £4,234) and £296 (2020: £6,388) owed to the directors Ms M Conte and Mr F Mazzei respectively.

These amounts are unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Conte.