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Company Registration No. 08451702 (England and Wales)
Mzuri Design Limited Unaudited accounts for the year ended 30 June 2023
Mzuri Design Limited Unaudited accounts Contents
Page
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Mzuri Design Limited Company Information for the year ended 30 June 2023
Directors
K A Tanner-Tremaine P B Tanner-Tremaine
Company Number
08451702 (England and Wales)
Registered Office
Base Innovation Centre Broxhead House 60 Barbados Road Bordon Hampshire GU35 0FX England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Mzuri Design Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
25,000 
Tangible assets
5,555 
6,785 
5,555 
31,785 
Current assets
Inventories
16,913 
168 
Debtors
99,178 
69,234 
116,091 
69,402 
Creditors: amounts falling due within one year
(98,736)
(67,491)
Net current assets
17,355 
1,911 
Total assets less current liabilities
22,910 
33,696 
Creditors: amounts falling due after more than one year
(21,594)
(32,387)
Provisions for liabilities
Deferred tax
(1,055)
(1,289)
Net assets
261 
20 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
259 
18 
Shareholders' funds
261 
20 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
K A Tanner-Tremaine Director Company Registration No. 08451702
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Mzuri Design Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Mzuri Design Limited is a private company, limited by shares, registered in England and Wales, registration number 08451702. The registered office is Base Innovation Centre Broxhead House, 60 Barbados Road, Bordon, Hampshire, GU35 0FX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mzuri Design Limited Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
250,000 
At 30 June 2023
250,000 
Amortisation
At 1 July 2022
225,000 
Charge for the year
25,000 
At 30 June 2023
250,000 
Net book value
At 30 June 2023
- 
At 30 June 2022
25,000 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
20,499 
Additions
497 
At 30 June 2023
20,996 
Depreciation
At 1 July 2022
13,714 
Charge for the year
1,727 
At 30 June 2023
15,441 
Net book value
At 30 June 2023
5,555 
At 30 June 2022
6,785 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,010 
22,849 
Accrued income and prepayments
907 
93 
Other debtors
63,261 
46,292 
99,178 
69,234 
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Mzuri Design Limited Notes to the Accounts for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
29,564 
32,231 
Trade creditors
2,991 
3,473 
Taxes and social security
25,458 
25,114 
Other creditors
27,536 
3,982 
Accruals
800 
800 
Deferred income
12,387 
1,891 
98,736 
67,491 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,594 
32,387 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K A Tanner-Tremaine
Loan
19,847 
37,990 
34,415 
23,422 
P B Tanner-Tremaine
Loan
19,847 
37,990 
34,415 
23,422 
39,694 
75,980 
68,830 
46,844 
The above loan has been provided interest free with no fixed terms for repayment.
10
Average number of employees
During the year the average number of employees was 5 (2022: 6).
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