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REGISTERED NUMBER: 09500999 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAJAKKA LTD

MAJAKKA LTD (REGISTERED NUMBER: 09500999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAJAKKA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs S Want
J Want





REGISTERED OFFICE: Soweni
Sithney
Helston
Cornwall
TR13 0RW





REGISTERED NUMBER: 09500999 (England and Wales)





ACCOUNTANT: Catherine Bennett Ltd
Chartered Accountant
Wheal Harmony House
Solomon Road
Redruth
Cornwall
TR15 1FD

MAJAKKA LTD (REGISTERED NUMBER: 09500999)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 8,000
Tangible assets 5 5,073 7,895
9,073 15,895

CURRENT ASSETS
Stocks 100 1,875
Debtors 6 573 2,888
Prepayments and accrued income - 660
Cash at bank 10 13,457
683 18,880
CREDITORS
Amounts falling due within one year 7 11,370 15,990
NET CURRENT (LIABILITIES)/ASSETS (10,687 ) 2,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,614

)

18,785

CREDITORS
Amounts falling due after more than one
year

8

-

(13,408

)

PROVISIONS FOR LIABILITIES - (1,500 )
NET (LIABILITIES)/ASSETS (1,614 ) 3,877

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,714 ) 3,777
(1,614 ) 3,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAJAKKA LTD (REGISTERED NUMBER: 09500999)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2024 and were signed on its behalf by:





Mrs S Want - Director


MAJAKKA LTD (REGISTERED NUMBER: 09500999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Majakka Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has ceased trading since the balance sheet date. The financial statements have therefore been prepared on a basis other than that of a going concern which includes, where appropriate writing down assets to net realisable value. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MAJAKKA LTD (REGISTERED NUMBER: 09500999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 32,000
Amortisation for year 4,000
At 31 March 2024 36,000
NET BOOK VALUE
At 31 March 2024 4,000
At 31 March 2023 8,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 11,414 3,289 3,909 18,612
DEPRECIATION
At 1 April 2023 4,973 2,680 3,064 10,717
Charge for year 1,977 203 642 2,822
At 31 March 2024 6,950 2,883 3,706 13,539
NET BOOK VALUE
At 31 March 2024 4,464 406 203 5,073
At 31 March 2023 6,441 609 845 7,895

MAJAKKA LTD (REGISTERED NUMBER: 09500999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 366 791
Other debtors 207 1,708
Tax - 389
573 2,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other loans - 5,400
Tax 922 594
VAT 391 1,553
Other creditors 42 -
Directors' current accounts 8,455 6,954
Accruals and deferred income 1,560 1,489
11,370 15,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Other loans - 1-2 years - 5,400
Other loans - 2-5 years - 8,008
- 13,408