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Company Registration No. 10174141 (England and Wales)
Mussa IT Service Ltd Filleted accounts for the year ended 30 April 2024
Mussa IT Service Ltd Filleted accounts Contents
Page
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Mussa IT Service Ltd Company Information for the year ended 30 April 2024
Director
Yusuf Salim Mussa
Secretary
Akeela Anwar Abdul Gani
Company Number
10174141 (England and Wales)
Registered Office
47 Baggrave Street Leicester LE5 3QW
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Mussa IT Service Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,812 
11,985 
Current assets
Cash at bank and in hand
9,258 
15,175 
Creditors: amounts falling due within one year
(7,902)
(16,160)
Net current assets/(liabilities)
1,356 
(985)
Net assets
7,168 
11,000 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
7,158 
10,990 
Shareholders' funds
7,168 
11,000 
For the year ending 30 April 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
Yusuf Salim Mussa Director Company Registration No. 10174141
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Mussa IT Service Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Mussa IT Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 10174141. The registered office is 47 Baggrave Street, Leicester, LE5 3QW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Computer equipment
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mussa IT Service Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
23,016 
9,357 
32,373 
At 30 April 2024
23,016 
9,357 
32,373 
Depreciation
At 1 May 2023
15,106 
5,282 
20,388 
Charge for the year
5,562 
611 
6,173 
At 30 April 2024
20,668 
5,893 
26,561 
Net book value
At 30 April 2024
2,348 
3,464 
5,812 
At 30 April 2023
7,910 
4,075 
11,985 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,544 
7,516 
Taxes and social security
1,492 
7,831 
Other creditors
32 
- 
Accruals
834 
813 
7,902 
16,160 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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