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COMPANY REGISTRATION NUMBER: 06802765
A.J. MAZUR LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 January 2024
A.J. MAZUR LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
2,192
2,682
CURRENT ASSETS
Debtors
6
11,000
2,000
Cash at bank and in hand
7,000
5,758
--------
-------
18,000
7,758
CREDITORS: amounts falling due within one year
7
29,673
31,715
--------
--------
NET CURRENT LIABILITIES
11,673
23,957
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 9,481)
( 21,275)
CREDITORS: amounts falling due after more than one year
8
16,737
24,212
--------
--------
NET LIABILITIES
( 26,218)
( 45,487)
--------
--------
CAPITAL AND RESERVES
Called up and paid share capital
100
100
Profit and loss account
( 26,318)
( 45,587)
--------
--------
SHAREHOLDERS DEFICIT
( 26,218)
( 45,487)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A.J. MAZUR LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 4 October 2024 , and are signed on behalf of the board by:
Mr A Mazur
Director
Company registration number: 06802765
A.J. MAZUR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 49 Chequers Close, Corby, NN18 8QD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues and financial support from the directors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. TANGIBLE ASSETS
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2023
26,295
9,464
35,759
Additions
326
326
Disposals
( 7,220)
( 7,220)
--------
-------
--------
At 31 January 2024
26,295
2,570
28,865
--------
-------
--------
Depreciation
At 1 February 2023
23,663
9,414
33,077
Charge for the year
658
159
817
Disposals
( 7,221)
( 7,221)
--------
-------
--------
At 31 January 2024
24,321
2,352
26,673
--------
-------
--------
Carrying amount
At 31 January 2024
1,974
218
2,192
--------
-------
--------
At 31 January 2023
2,632
50
2,682
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
11,000
2,000
--------
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,089
7,264
Trade creditors
2,159
3,061
Corporation tax
9,071
6,659
Social security and other taxes
6,835
9,903
Other creditors
2,519
4,828
--------
--------
29,673
31,715
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,737
24,212
--------
--------
9. GOING CONCERN
The directors have considered the period to 31 January 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy it's liabilities as these become payable, or alternatively will be sold as a going concern.