Registered number
09836437
Mavela Ltd
Report and Accounts
31 January 2024
Mavela Ltd
Registered number: 09836437
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,412 8,550
Investments 4 1,026,516 1,026,516
1,032,928 1,035,066
Current assets
Cash at bank and in hand 1,135 1,787
Creditors: amounts falling due within one year 5 (412,938) (409,627)
Net current liabilities (411,803) (407,840)
Total assets less current liabilities 621,125 627,226
Creditors: amounts falling due after more than one year 6 (486,057) (498,609)
Net assets 135,068 128,617
Capital and reserves
Called up share capital 1 1
Profit and loss account 135,067 128,616
Shareholder's funds 135,068 128,617
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Thorne
Director
Approved by the board on 31 October 2024
Mavela Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 11,400
At 31 January 2024 11,400
Depreciation
At 1 February 2023 2,850
Charge for the year 2,138
At 31 January 2024 4,988
Net book value
At 31 January 2024 6,412
At 31 January 2023 8,550
4 Investments
Other
investments
£
Cost
At 1 February 2023 1,026,516
At 31 January 2024 1,026,516
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,872 14,525
Obligations under finance lease and hire purchase contracts 3,333 3,333
Corporation tax 30,925 26,547
Other creditors 366,808 365,222
412,938 409,627
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 474,497 483,716
Obligations under finance lease and hire purchase contracts 1,560 4,893
Other creditors 10,000 10,000
486,057 498,609
7 Other information
Mavela Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
United Kingdom
CH44 4BT
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