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REGISTERED NUMBER: 07219302 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

MUSA FOODS (UK) LTD

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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSA FOODS (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2022







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
31ST OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,226 25,634

CURRENT ASSETS
Stocks 8,200 21,000
Debtors 5 1,548,638 2,056,228
Cash at bank and in hand 72,718 56,980
1,629,556 2,134,208
CREDITORS
Amounts falling due within one year 6 1,131,862 1,644,129
NET CURRENT ASSETS 497,694 490,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,920

515,713

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 516,918 515,711
SHAREHOLDERS' FUNDS 516,920 515,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 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
31ST OCTOBER 2022



The financial statements were approved by the director and authorised for issue on 22nd November 2023 and were signed by:





Mrs S Musa - Director


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

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2022

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 12 (2021 - 16 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2021
and 31st October 2022 19,386 17,829 159,808 36,431 233,454
DEPRECIATION
At 1st November 2021 17,026 16,603 139,449 34,742 207,820
Charge for year 590 306 5,090 422 6,408
At 31st October 2022 17,616 16,909 144,539 35,164 214,228
NET BOOK VALUE
At 31st October 2022 1,770 920 15,269 1,267 19,226
At 31st October 2021 2,360 1,226 20,359 1,689 25,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,419,481 1,914,401
Other debtors 116,074 114,454
Social security and Other
taxes 13,083 13,318
Prepayments - 14,055
1,548,638 2,056,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,025,626 1,488,525
Corporation Tax 12,419 10,632
Social security and other taxes 13,990 10,157
Other creditors 71,407 126,565
Directors' current accounts 170 -
Accrued expenses 8,250 8,250
1,131,862 1,644,129