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REGISTERED NUMBER: 08962088 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

MAZMAC LIMITED

MAZMAC LIMITED (REGISTERED NUMBER: 08962088)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAZMAC LIMITED

Company Information
for the Year Ended 31st March 2023







DIRECTORS: R A J Woodbridge
A P Pintos





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 08962088 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

MAZMAC LIMITED (REGISTERED NUMBER: 08962088)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,592 1,129

CURRENT ASSETS
Stocks 818 153,000
Debtors 5 6,000 104,119
Cash at bank and in hand 44,741 59,307
51,559 316,426
CREDITORS
Amounts falling due within one year 6 56,819 302,903
NET CURRENT (LIABILITIES)/ASSETS (5,260 ) 13,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,668

)

14,652

CREDITORS
Amounts falling due after more than one
year

7

(11,250

)

(16,250

)

PROVISIONS FOR LIABILITIES (111 ) (215 )
NET LIABILITIES (13,029 ) (1,813 )

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings (13,229 ) (1,913 )
SHAREHOLDERS' FUNDS (13,029 ) (1,813 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

MAZMAC LIMITED (REGISTERED NUMBER: 08962088)

Balance Sheet - continued
31st March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th November 2023 and were signed on its behalf by:





R A J Woodbridge - Director


MAZMAC LIMITED (REGISTERED NUMBER: 08962088)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

MazMac 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 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.

At the 31st March 2023 the company's liabilities exceeded it's assets by £13,029. These accounts have been prepared using the going concern basis as the bank has agreed to continue financing the company for a minimum twelve month period from the date of approval of these financial statements.

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 etc - 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

MAZMAC LIMITED (REGISTERED NUMBER: 08962088)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 4,691
Additions 3,660
At 31st March 2023 8,351
DEPRECIATION
At 1st April 2022 3,562
Charge for year 1,197
At 31st March 2023 4,759
NET BOOK VALUE
At 31st March 2023 3,592
At 31st March 2022 1,129

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,000 82,017
Other debtors - 22,102
6,000 104,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 23,030 262,565
Taxation and social security 21,066 10,286
Other creditors 7,723 25,052
56,819 302,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,250 16,250

MAZMAC LIMITED (REGISTERED NUMBER: 08962088)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
R A J Woodbridge
Balance outstanding at start of year 2,052 18,253
Amounts advanced 34,122 30,000
Amounts repaid (31,219 ) (46,201 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,955 2,052

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R A J Woodbridge.