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REGISTERED NUMBER: 03878140 (England and Wales)





MOZAIC UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


MOZAIC UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr J H Waring





REGISTERED OFFICE: 10 Oak House, Phoenix Road
Off Engine Lane, Moorgreen Ind'l Park
Newthorpe
Nottinghamshire
NG16 3QU





REGISTERED NUMBER: 03878140 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 115,776 133,788
115,776 133,788

CURRENT ASSETS
Stocks 11,726 10,660
Debtors 7 656,847 702,650
Cash at bank 39,940 39,045
708,513 752,355
CREDITORS
Amounts falling due within one year 8 208,469 228,261
NET CURRENT ASSETS 500,044 524,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,820

657,882

CREDITORS
Amounts falling due after more than one
year

9

88,338

126,558
NET ASSETS 527,482 531,324

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings 527,474 531,316
SHAREHOLDERS' FUNDS 527,482 531,324

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

BALANCE SHEET - continued
31 MARCH 2024


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.

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 18 November 2024 and were signed by:





Mr J H Waring - Director


MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


1. STATUTORY INFORMATION

Mozaic UK Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of printing goods and services provided to customers during the year. In respect of printing goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, 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.
Long leasehold - 10% straight line
Plant and machinery - 20% straight line
Fixtures and fittings - 33% straight line
Motor vehicles - 15% straight line

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


3. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 63,883
AMORTISATION
At 1 April 2023
and 31 March 2024 63,883
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


6. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 80,072 668,673 15,171 86,750 850,666
Additions - 12,234 2,079 - 14,313
Disposals - (6,000 ) - (7,725 ) (13,725 )
At 31 March 2024 80,072 674,907 17,250 79,025 851,254
DEPRECIATION
At 1 April 2023 52,043 636,749 13,770 14,316 716,878
Charge for year 8,007 11,854 1,416 11,049 32,326
Eliminated on disposal - - - (13,726 ) (13,726 )
At 31 March 2024 60,050 648,603 15,186 11,639 735,478
NET BOOK VALUE
At 31 March 2024 20,022 26,304 2,064 67,386 115,776
At 31 March 2023 28,029 31,924 1,401 72,434 133,788

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,760 162,463
Amounts owed by group undertakings 513,133 519,633
Other debtors 6 6
Deferred tax asset 18,948 20,548
656,847 702,650

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 19,114 70,347
Trade creditors 91,363 79,515
Corporation tax 18,915 18,234
Social security and other taxes 3,647 3,939
VAT 25,208 21,589
Other creditors 5,360 2,352
Credit card 2,061 5,541
Directors' current accounts 2,461 287
Accruals and deferred income 20,340 6,457
208,469 228,261

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 21,667 41,667
Hire purchase contracts 66,671 84,891
88,338 126,558

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 85,785 155,238

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8 Ordinary 1 8 8

MOZAIC UK LIMITED (REGISTERED NUMBER: 03878140)

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


12. RELATED PARTY DISCLOSURES

During the year £20,008 (2023: £20,008) in salary payments were paid to directors and key management.