Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-282024-02-28trueNo description of principal activitytrue2023-02-21false00The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14678735 2023-02-20 14678735 2023-02-21 2024-02-28 14678735 1999-03-02 2023-02-20 14678735 2024-02-28 14678735 c:Director1 2023-02-21 2024-02-28 14678735 d:CurrentFinancialInstruments 2024-02-28 14678735 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14678735 d:ShareCapital 2024-02-28 14678735 d:RetainedEarningsAccumulatedLosses 2023-02-21 2024-02-28 14678735 d:RetainedEarningsAccumulatedLosses 2024-02-28 14678735 c:OrdinaryShareClass1 2023-02-21 2024-02-28 14678735 c:OrdinaryShareClass1 2024-02-28 14678735 c:FRS102 2023-02-21 2024-02-28 14678735 c:AuditExemptWithAccountantsReport 2023-02-21 2024-02-28 14678735 c:FullAccounts 2023-02-21 2024-02-28 14678735 c:PrivateLimitedCompanyLtd 2023-02-21 2024-02-28 14678735 e:PoundSterling 2023-02-21 2024-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14678735










MUZURI SOLAR LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 FEBRUARY 2024

 
MUZURI SOLAR LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MUZURI SOLAR LTD
FOR THE PERIOD ENDED 28 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Muzuri Solar Ltd for the period ended 28 February 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Muzuri Solar Ltd in accordance with the terms of our engagement letter dated 17 October 2023Our work has been undertaken solely to prepare for your approval the financial statements of Muzuri Solar Ltd and state those matters that we have agreed to state to the director of Muzuri Solar Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Muzuri Solar Ltd and its director for our work or for this report. 

It is your duty to ensure that Muzuri Solar Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Muzuri Solar Ltd. You consider that Muzuri Solar Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Muzuri Solar Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  


BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
14 November 2024
Page 1

 
MUZURI SOLAR LTD
REGISTERED NUMBER: 14678735

BALANCE SHEET
AS AT 28 FEBRUARY 2024

2024
2024
Note
£
£

  

CURRENT ASSETS
  

Stocks
 4 
33,534

Debtors: amounts falling due within one year
 5 
201

  
33,735

Creditors: amounts falling due within one year
 6 
(49,557)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(15,822)

  

NET (LIABILITIES)/ASSETS
  
(15,822)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1

Profit and loss account
 8 
(15,823)

  
(15,822)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2024.




M ATROSHI
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MUZURI SOLAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.ACCOUNTING POLICIES

 
1.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

GOING CONCERN

The director will continue to provide financial support for the company.  

 
1.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
MUZURI SOLAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.ACCOUNTING POLICIES (CONTINUED)

 
1.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.7

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.9

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party
Page 4

 
MUZURI SOLAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

1.ACCOUNTING POLICIES (CONTINUED)


1.9
FINANCIAL INSTRUMENTS (CONTINUED)

to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised affects only that period or in the period of the revision affects both current and future periods.

Page 5

 
MUZURI SOLAR LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2024

3.


EMPLOYEES




The Company has no employees other than the directors, who did not receive any remuneration.


4.


STOCKS

2024
£

Finished goods and goods for resale
33,534



5.


DEBTORS

2024
£


Other debtors
201



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£

Other creditors
48,182

Accruals and deferred income
1,375

49,557



7.


SHARE CAPITAL

2024
£
ALLOTTED, CALLED UP AND FULLY PAID


1 Ordinary share of £1.00
1




8.


RESERVES

Profit and loss account

This includes all current period losses.


Page 6