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Registered number: 13754961
Mawazo Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13754961
30 November 2023 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,799 4,707
4,799 4,707
CURRENT ASSETS
Stocks 5 42,450 419
Debtors 6 2,887 915
Cash at bank and in hand 478 7,979
45,815 9,313
Creditors: Amounts Falling Due Within One Year 7 (77,572 ) (30,528 )
NET CURRENT ASSETS (LIABILITIES) (31,757 ) (21,215 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,958 ) (16,508 )
NET LIABILITIES (26,958 ) (16,508 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (26,959 ) (16,509 )
SHAREHOLDERS' FUNDS (26,958) (16,508)
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Page 2
For the 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.
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 Michael Chung
Director
29th August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mawazo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13754961 . The registered office is Kemp House Suite A, 152 - 160 City Road,, London, EC1V 2NX.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets include Trademarks and Registered Designs. They are amortised to the profit and loss account over their estimated economic lives of 10 and 5 years. 
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 year was: 1 (2022: 1)
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4. Intangible Assets
Other
£
Cost
As at 1 December 2022 4,995
Additions 915
As at 30 November 2023 5,910
Amortisation
As at 1 December 2022 288
Provided during the period 823
As at 30 November 2023 1,111
Net Book Value
As at 30 November 2023 4,799
As at 1 December 2022 4,707
5. Stocks
30 November 2023 30 November 2022
£ £
Stock 42,450 419
6. Debtors
30 November 2023 30 November 2022
£ £
Due within one year
Trade debtors 501 -
Other debtors 2,386 915
2,887 915
7. Creditors: Amounts Falling Due Within One Year
30 November 2023 30 November 2022
£ £
Trade creditors 2,639 1,005
Other creditors 74,933 29,523
77,572 30,528
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8. Share Capital
30 November 2023 30 November 2022
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Michael Chung by virtue of his ownership of 100% of the issued share capital in the company.
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