MAMA'S WAY LIMITED

Company Registration Number:
12984782 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

MAMA'S WAY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

MAMA'S WAY LIMITED

Company Information

for the Period Ended 31 October 2024




Director: Walter Gumina
Dario Simoncini
Registered office: Unit 2
10 - 14 Duke Street
Reading
Berkshire
England
RG1 4RU
Company Registration Number: 12984782 (England and Wales)

MAMA'S WAY LIMITED

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 29,330 15,836
Total fixed assets: 29,330 15,836
Current assets
Stocks: 30,326 510
Debtors: 5 1,386 0
Cash at bank and in hand: 11,862 20,525
Total current assets: 43,574 21,035
Prepayments and accrued income: 322 299
Creditors: amounts falling due within one year: 6 ( 23,415 )
Net current assets (liabilities): 20,481 21,334
Total assets less current liabilities: 49,811 37,170
Creditors: amounts falling due after more than one year: 7 ( 29,507 ) ( 63,207 )
Provision for liabilities: ( 3,431 )
Total net assets (liabilities): 16,873 ( 26,037 )

The notes form part of these financial statements

MAMA'S WAY LIMITED

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 1
Revaluation reserve: 8 12,765 ( 1,567 )
Profit and loss account: 4,008 ( 24,471 )
Shareholders funds: 16,873 ( 26,037 )

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 November 2024
And Signed On Behalf Of The Board By:

Name: Walter Gumina
Status: Director

The notes form part of these financial statements

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 the rendering of services. Turnover from the sale of goods is recognised when significant
    risks and rewards of ownership of the goods have been 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is
    provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of
    each asset evenly over its expected useful life, as follows:

    Freehold buildings over 50 years
    Motor Vehicles over 4 years
    Plant and machinery over 5 years
    Fixtures, fittings, tools, and freeholds 5 years.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 6 5

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible Assets

Total
Cost £
At 01 November 2023 15,836
Additions 12,450
Disposals -
Revaluations 1,044
Transfers -
At 31 October 2024 29,330
Depreciation
At 01 November 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 October 2024 -
Net book value
At 31 October 2024 29,330
At 31 October 2023 15,836

Tangible assets are physical items owned by a company, such as machinery equipment stored in the shop and computers. The cost of tangible assets includes directly attributable incremental costs incurred in the installation of equipment during the financial year.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 5. Debtors

    Debtors are customers or trading debtors who have not paid the business for goods that have been provided on credit.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due within one year note

Creditors refers to the suppliers that have delivered a product, materials, and are owed money by the business at the end of the financial year.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

7. Creditors: amounts falling due after more than one year note

Creditor due after more than one year are the director only.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

8. Revaluation reserve


2024
£
Balance at 01 November 2023 ( 1,567 )
Surplus or deficit after revaluation 14,332
Balance at 31 October 2024 12,765

The revaluation reserve has been calculated to offset decreases in the value of the asset.

MAMA'S WAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

9.1. Loans to Directors

Name of director receiving advance or credit: Walter Gumina
Description of the transaction:
The director refinanced the company during the financial year in question
Balance at 01 November 2023 11,222
Advances or credits made: 18,285
Balance at 31 October 2024 29,507