2023-02-012024-01-312024-01-31false13843508MF BUSINESS 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MF BUSINESS LTD

Registered Number
13843508
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

MF BUSINESS LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Faruk Ahmed

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

13843508 (England and Wales)
MF BUSINESS LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks9851,470
Debtors31,4974,314
Cash at bank and on hand20,03725,768
22,51931,552
Creditors amounts falling due within one year4(13,199)(23,239)
Net current assets (liabilities)9,3208,313
Total assets less current liabilities9,3208,313
Net assets9,3208,313
Capital and reserves
Called up share capital100100
Profit and loss account9,2208,213
Shareholders' funds9,3208,313
The financial statements were approved and authorised for issue by the Director on 9 September 2024, and are signed on its behalf by:
Faruk Ahmed
Director
Registered Company No. 13843508
MF BUSINESS LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year65
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,4971,132
Other debtors-3,182
Total1,4974,314
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9721,060
Taxation and social security12,19611,815
Other creditors3110,364
Total13,19923,239