Registered number
09999076
MA Superfoods Ltd
Filleted Accounts
28 February 2023
MA Superfoods Ltd
Registered number: 09999076
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,190 2,797
Current assets
Debtors 4 14,592 14,592
Cash at bank and in hand 1,856 8,222
16,448 22,814
Creditors: amounts falling due within one year 5 (36,009) (41,624)
Net current liabilities (19,561) (18,810)
Net liabilities (17,371) (16,013)
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,471) (16,113)
Shareholders' funds (17,371) (16,013)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Terrence Umatali MORGAN
Director
Approved by the board on 26 May 2023
MA Superfoods Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 4,225 3,000 7,225
At 28 February 2023 4,225 3,000 7,225
Depreciation
At 1 March 2022 2,377 2,051 4,428
Charge for the year 370 237 607
At 28 February 2023 2,747 2,288 5,035
Net book value
At 28 February 2023 1,478 712 2,190
At 28 February 2022 1,848 949 2,797
4 Debtors 2023 2022
£ £
Other debtors 14,592 14,592
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 517 -
Other creditors 35,492 41,624
36,009 41,624
6 Controlling party
T. U. Morgan, a company director controls the company by virtue of holding 100% of the issued share capital.
7 Other information
MA Superfoods Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Clock House Parade
North Circular Road
London
N13 6BG
MA Superfoods Ltd 09999076 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Terrence Umatali MORGAN No description of principal activity 09999076 2021-03-01 2022-02-28 09999076 core:WithinOneYear 2022-02-28 09999076 core:ShareCapital 2022-02-28 09999076 core:RetainedEarningsAccumulatedLosses 2022-02-28 09999076 2022-03-01 2023-02-28 09999076 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 09999076 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 09999076 bus:Director40 2022-03-01 2023-02-28 09999076 core:PlantMachinery 2022-03-01 2023-02-28 09999076 core:Vehicles 2022-03-01 2023-02-28 09999076 countries:England 2022-03-01 2023-02-28 09999076 bus:FRS102 2022-03-01 2023-02-28 09999076 bus:FullAccounts 2022-03-01 2023-02-28 09999076 2023-02-28 09999076 core:WithinOneYear 2023-02-28 09999076 core:ShareCapital 2023-02-28 09999076 core:RetainedEarningsAccumulatedLosses 2023-02-28 09999076 core:PlantMachinery 2023-02-28 09999076 core:Vehicles 2023-02-28 09999076 2022-02-28 09999076 core:PlantMachinery 2022-02-28 09999076 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure