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REGISTERED NUMBER: 11772911 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

MUGA ROSADO LTD

MUGA ROSADO LTD (Registered number: 11772911)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUGA ROSADO LTD

Company Information
for the Year Ended 31 January 2024







DIRECTOR: G KIOURTZIDIS





REGISTERED OFFICE: 50 Roundhills
Waltham Abbey
Essex
EN9 1TP





REGISTERED NUMBER: 11772911 (England and Wales)





ACCOUNTANTS: GCA Associates
50 Roundhills
Waltham Abbey
Essex
EN9 1TP

MUGA ROSADO LTD (Registered number: 11772911)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,848 43,489

CURRENT ASSETS
Stocks 1,183 987
Debtors 5 120,000 80,000
Cash at bank 14,828 34,778
136,011 115,765
CREDITORS
Amounts falling due within one year 6 103,477 68,151
NET CURRENT ASSETS 32,534 47,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,382

91,103

CREDITORS
Amounts falling due after more than
one year

7

33,452

40,188
NET ASSETS 45,930 50,915

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 45,830 50,815
SHAREHOLDERS' FUNDS 45,930 50,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MUGA ROSADO LTD (Registered number: 11772911)

Balance Sheet - continued
31 January 2024


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.

The financial statements were approved by the director and authorised for issue on 6 July 2024 and were signed by:





G KIOURTZIDIS - Director


MUGA ROSADO LTD (Registered number: 11772911)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

MUGA ROSADO 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

MUGA ROSADO LTD (Registered number: 11772911)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 24,707 50,400 5,912 81,019
Additions 18,995 - 800 19,795
At 31 January 2024 43,702 50,400 6,712 100,814
DEPRECIATION
At 1 February 2023 13,538 18,080 5,912 37,530
Charge for year 7,541 8,095 800 16,436
At 31 January 2024 21,079 26,175 6,712 53,966
NET BOOK VALUE
At 31 January 2024 22,623 24,225 - 46,848
At 31 January 2023 11,169 32,320 - 43,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by participating interests 40,000 -
Other debtors 80,000 80,000
120,000 80,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 89,859 10,136
Taxation and social security 13,618 58,015
103,477 68,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 33,452 40,188

MUGA ROSADO LTD (Registered number: 11772911)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 50,815
Profit for the year 19,015
Dividends (24,000 )
At 31 January 2024 45,830

10. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of £40,000 due from Naxos Headbase Ltd. The company is connected by the mutual director Mr G Kiourtzidis.No interest has been charged during the year.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G KIOURTZIDIS.