Registered number
09295459
MSAGYA LTD
Filleted Accounts
31 October 2023
MSAGYA LTD
Registered number: 09295459
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,015 7,256
10,015 7,256
Current assets
Stocks 34,275 29,314
Debtors 4 2,300 2,300
Cash at bank and in hand 24,770 71,439
61,345 103,053
Creditors: amounts falling due within one year 5 (2,309) (2,030)
Net current assets 59,036 101,023
Total assets less current liabilities 69,051 108,279
Creditors: amounts falling due after more than one year 6 (1,495) (1,495)
Net assets 67,556 106,784
Capital and reserves
Called up share capital 2 2
Profit and loss account 67,554 106,782
Shareholders' funds 67,556 106,784
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.
Mohammed SAJJAD
Director
Approved by the board on 28 November 2023
MSAGYA LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 18% pa reducing balance
Fixtures, fittings, tools and equipment 18% pa reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 - 14,571 47,909 62,480
Additions - 4,958 - 4,958
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2023 - 19,529 47,909 67,438
Depreciation
At 1 November 2022 - 7,383 47,841 55,224
Charge for the year - 2,187 12 2,199
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2023 - 9,570 47,853 57,423
Net book value
At 31 October 2023 - 9,959 56 10,015
At 31 October 2022 - 7,188 68 7,256
4 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors- Rent Deposit 2,300 2,300
2,300 2,300
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - -
Taxation and social security costs 2,309 2,030
Other creditors - -
2,309 2,030
6 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors - -
Other creditors 1,495 1,495
1,495 1,495
7 Other information
MSAGYA LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4N, Moss Industrial Estate
Woodbine Street East
Rochdale. Lancashire
OL16 5LB
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