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REGISTERED NUMBER: 10649224 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mz Clothes Ltd

Mz Clothes Ltd (Registered number: 10649224)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Mz Clothes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Zvirblys





SECRETARY:





REGISTERED OFFICE: Unit 10, Glover Network Centre
Spire Road
Washington, Tyne And Wear
United Kingdom
NE37 3HB





REGISTERED NUMBER: 10649224 (England and Wales)





ACCOUNTANTS: Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE

Mz Clothes Ltd

Report of the Accountants to the Director of
Mz Clothes Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Business Help UK Ltd
1st - 2nd Floor
138 South Street
Romford
Essex
RM1 1TE


15 November 2024

Mz Clothes Ltd (Registered number: 10649224)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,373 17,236

CURRENT ASSETS
Stocks 520 200
Debtors 5 3,549 3,549
Cash at bank and in hand 9,815 20,227
13,884 23,976
CREDITORS
Amounts falling due within one year 6 42,686 23,315
NET CURRENT (LIABILITIES)/ASSETS (28,802 ) 661
TOTAL ASSETS LESS CURRENT LIABILITIES 9,571 17,897

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 9,570 17,896
SHAREHOLDERS' FUNDS 9,571 17,897

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 director acknowledges his 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.

Mz Clothes Ltd (Registered number: 10649224)

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 director and authorised for issue on 15 November 2024 and were signed by:





M Zvirblys - Director


Mz Clothes Ltd (Registered number: 10649224)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mz Clothes 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Mz Clothes Ltd (Registered number: 10649224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 20,605 33,500 54,105
Additions 29,775 4,154 - 33,929
At 31 March 2024 29,775 24,759 33,500 88,034
DEPRECIATION
At 1 April 2023 - 12,653 24,216 36,869
Charge for year 7,444 3,027 2,321 12,792
At 31 March 2024 7,444 15,680 26,537 49,661
NET BOOK VALUE
At 31 March 2024 22,331 9,079 6,963 38,373
At 31 March 2023 - 7,952 9,284 17,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 3,549 3,549

Mz Clothes Ltd (Registered number: 10649224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Taxation and social security 15,770 20,709
Other creditors 26,915 2,606
42,686 23,315

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary 1 1 1