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REGISTERED NUMBER: 07219302 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

MUSA FOODS (UK) LTD

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUSA FOODS (UK) LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs S Musa





SECRETARY:





REGISTERED OFFICE: Pegasus House
5 Winckley Court
Mount Street
Preston
Lancashire
PR1 8BU





REGISTERED NUMBER: 07219302 (England and Wales)

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,047 19,226

CURRENT ASSETS
Stocks 9,780 8,200
Debtors 5 936,851 1,548,638
Cash at bank and in hand 122,263 72,718
1,068,894 1,629,556
CREDITORS
Amounts falling due within one year 6 974,632 1,131,862
NET CURRENT ASSETS 94,262 497,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,309

516,920

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 157,307 516,918
SHAREHOLDERS' FUNDS 157,309 516,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Balance Sheet - continued
31 OCTOBER 2023



The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:





Mrs S Musa - Director


MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Musa Foods (Uk) 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 11 (2022 - 12 ) .

MUSA FOODS (UK) LTD (REGISTERED NUMBER: 07219302)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 19,386 17,829 159,808 36,431 233,454
Additions 25,001 39,837 - - 64,838
At 31 October 2023 44,387 57,666 159,808 36,431 298,292
DEPRECIATION
At 1 November 2022 17,616 16,909 144,539 35,164 214,228
Charge for year 6,693 10,190 3,817 317 21,017
At 31 October 2023 24,309 27,099 148,356 35,481 235,245
NET BOOK VALUE
At 31 October 2023 20,078 30,567 11,452 950 63,047
At 31 October 2022 1,770 920 15,269 1,267 19,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 839,865 1,419,481
Other debtors 1,333 116,074
Social security and Other
taxes 95,653 13,083
936,851 1,548,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 969,551 1,025,626
Corporation Tax 1,969 12,419
Social security and other taxes 1,722 13,990
Other creditors 1,224 71,407
Directors' current accounts 166 170
Accrued expenses - 8,250
974,632 1,131,862