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Registered number: 14496128
Maya Hyperstar Ltd
Financial Statements
For the Period 21 November 2022 to 30 November 2023
MBN Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14496128
30 November 2023
Notes £ £
FIXED ASSETS
Tangible Assets 4 361,507
361,507
CURRENT ASSETS
Stocks 5 202,353
Debtors 6 2,504
Cash at bank and in hand 4,137
208,994
Creditors: Amounts Falling Due Within One Year 7 (58,028 )
NET CURRENT ASSETS (LIABILITIES) 150,966
TOTAL ASSETS LESS CURRENT LIABILITIES 512,473
Creditors: Amounts Falling Due After More Than One Year 8 (602,320 )
NET LIABILITIES (89,847 )
CAPITAL AND RESERVES
Called up share capital 9 1
Profit and Loss Account (89,848 )
SHAREHOLDERS' FUNDS (89,847)
Page 1
Page 2
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Reza Kazemi
Director
20/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maya Hyperstar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14496128 . The registered office is Ground Floor, 67 Burnt Oak Broadway, Edgware, HA8 5EP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 18% reducing balance
Plant & Machinery 18% reducing balance
Fixtures & Fittings 18% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7
7
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 21 November 2022 - - - -
Additions 188,986 98,983 152,893 440,862
As at 30 November 2023 188,986 98,983 152,893 440,862
...CONTINUED
Page 3
Page 4
Depreciation
As at 21 November 2022 - - - -
Provided during the period 34,017 17,817 27,521 79,355
As at 30 November 2023 34,017 17,817 27,521 79,355
Net Book Value
As at 30 November 2023 154,969 81,166 125,372 361,507
As at 21 November 2022 - - - -
5. Stocks
30 November 2023
£
Stock 202,353
6. Debtors
30 November 2023
£
Due within one year
Other debtors 2,504
7. Creditors: Amounts Falling Due Within One Year
30 November 2023
£
Trade creditors 58,028
8. Creditors: Amounts Falling Due After More Than One Year
30 November 2023
£
Other creditors 602,320
9. Share Capital
30 November 2023
£
Allotted, Called up and fully paid 1
Page 4