Mosaic Limited 04747231 true 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is Mosiac restoration Digita Accounts Production Advanced 6.30.9574.0 true Mr G Bricknell Mrs J Bricknell true 04747231 2022-12-01 2023-11-30 04747231 2023-11-30 04747231 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-11-30 04747231 core:RetainedEarningsAccumulatedLosses 2023-11-30 04747231 core:ShareCapital 2023-11-30 04747231 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 04747231 core:FurnitureFittingsToolsEquipment 2023-11-30 04747231 bus:FRS102 2022-12-01 2023-11-30 04747231 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04747231 bus:FullAccounts 2022-12-01 2023-11-30 04747231 bus:RegisteredOffice 2022-12-01 2023-11-30 04747231 bus:CompanySecretary1 2022-12-01 2023-11-30 04747231 bus:Director2 2022-12-01 2023-11-30 04747231 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-12-01 2023-11-30 04747231 bus:EntityNoLongerTradingButTradedInPast 2022-12-01 2023-11-30 04747231 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04747231 countries:EnglandWales 2022-12-01 2023-11-30 04747231 2022-11-30 04747231 core:FurnitureFittingsToolsEquipment 2022-11-30 04747231 2022-11-30 04747231 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-11-30 04747231 core:RetainedEarningsAccumulatedLosses 2022-11-30 04747231 core:ShareCapital 2022-11-30 04747231 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 04747231 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04747231

Mosaic Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Mosaic Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Mosaic Limited

Company Information

Director

Mr G Bricknell

Company secretary

Mrs J Bricknell

Registered office

10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

Accountants

10. Chartered Accountants
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

 

Mosaic Limited

(Registration number: 04747231)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

262

262

Current assets

 

Cash at bank and in hand

 

170

170

Creditors: Amounts falling due within one year

(2,966)

(2,966)

Net current liabilities

 

(2,796)

(2,796)

Net liabilities

 

(2,534)

(2,534)

Capital and reserves

 

Called up share capital

4

300

300

Retained earnings

(2,834)

(2,834)

Shareholders' deficit

 

(2,534)

(2,534)

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 5 February 2024
 

.........................................
Mr G Bricknell
Director

 

Mosaic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company was dormant throughout the current year end and previous year.

Going concern

The financial statements have been prepared on a going concern basis.

 

Mosaic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mosaic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

 

Mosaic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

450

450

At 30 November 2023

450

450

Depreciation

At 1 December 2022

188

188

At 30 November 2023

188

188

Carrying amount

At 30 November 2023

262

262

At 30 November 2022

262

262

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300