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Company Registration No. 07541920 (England and Wales)
MOFAZ F&B LIMITED Unaudited Financial Statements for the year ended 31 July 2021
MOFAZ F&B LIMITED Unaudited Financial Statements Contents
Page
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MOFAZ F&B LIMITED Company Information for the year ended 31 July 2021
Directors
Mohamed Ferhan Mohamed Fauzy Adelita Adriana Shah
Company Number
07541920 (England and Wales)
Registered Office
1 Monks Pond Street Northampton NN1 2LF England
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MOFAZ F&B LIMITED Statement of financial position as at 31 July 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
121,615 
119,715 
Cash at bank and in hand
3,654 
14,234 
125,269 
133,949 
Creditors: amounts falling due within one year
(45,233)
(62,776)
Net current assets
80,036 
71,173 
Total assets less current liabilities
80,036 
71,173 
Creditors: amounts falling due after more than one year
(9,645)
(10,000)
Net assets
70,391 
61,173 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
70,389 
61,171 
Shareholders' funds
70,391 
61,173 
For the year ending 31 July 2021 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 1 September 2022 and were signed on its behalf by
Mohamed Ferhan Mohamed Fauzy Director Company Registration No. 07541920
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MOFAZ F&B LIMITED Notes to the Accounts for the year ended 31 July 2021
1
Statutory information
MOFAZ F&B LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07541920. The registered office is 1 Monks Pond Street, Northampton, NN1 2LF, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Going concern - Covid 19
The total current assets exceeds the total current liabilities of the company as at 31th July 2020. The level of turnover is expected to increase. It is on this basis Accounts have been prepared on the going concern basis.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
121,615 
119,715 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade creditors
2,000 
- 
Taxes and social security
2,162 
3,230 
Loans from directors
39,071 
57,546 
Accruals
2,000 
2,000 
45,233 
62,776 
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MOFAZ F&B LIMITED Notes to the Accounts for the year ended 31 July 2021
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
9,645 
10,000 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Adelita Adriana Shah
Directors Loan
57,546 
- 
- 
57,546 
57,546 
- 
- 
57,546 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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