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Registered number: 12069435
Mosaje Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12069435
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 557,246 538,967
557,246 538,967
CURRENT ASSETS
Stocks 5 83,630 69,027
Cash at bank and in hand 7,094 7,910
90,724 76,937
Creditors: Amounts Falling Due Within One Year 7 (214,601 ) (197,355 )
NET CURRENT ASSETS (LIABILITIES) (123,877 ) (120,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES 433,369 418,549
Creditors: Amounts Falling Due After More Than One Year 8 (361,112 ) (350,264 )
NET ASSETS 72,257 68,285
CAPITAL AND RESERVES
Called up share capital 11 3 3
Profit and Loss Account 72,254 68,282
SHAREHOLDERS' FUNDS 72,257 68,285
Page 1
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 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.
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
Mrs K Mohanathan
Director
14/08/2024
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
Mosaje Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12069435 . The registered office is Block 6, Shop Unit 1, St James Place, Colchester, Essex, CO4 5TZ.
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 represents the total sales made during the year excluding value added tax.
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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
The freehold property is not depreciated as its expected usefull economic life is considered to be in excess of 50 years.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 4)
6 4
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4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 482,443 - 89,287 571,730
Additions - 39,445 - 39,445
As at 30 November 2023 482,443 39,445 89,287 611,175
Depreciation
As at 1 December 2022 - - 32,763 32,763
Provided during the period - 9,861 11,305 21,166
As at 30 November 2023 - 9,861 44,068 53,929
Net Book Value
As at 30 November 2023 482,443 29,584 45,219 557,246
As at 1 December 2022 482,443 - 56,524 538,967
5. Stocks
2023 2022
£ £
Stock 83,630 69,027
6. Debtors
2023 2022
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,997 -
Trade creditors 21,758 16,061
Bank loans and overdrafts 9,225 5,454
Other creditors 141,347 144,554
Taxation and social security 34,274 31,286
214,601 197,355
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 25,342 -
Bank loans 335,770 350,264
361,112 350,264
Page 4
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9. Secured Creditors
The following amount is secured on the Freehold property owned by the company.
2023 2022
£ £
Bank loans and overdrafts 302,241 307,510
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,997 -
Later than one year and not later than five years 25,342 -
33,339 -
33,339 -
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
Page 5