Registered number
11128526
CELIA MATSANGA LTD
Filleted Accounts
31 January 2025
CELIA MATSANGA LTD
Registered number: 11128526
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 13,789 13,789
Current assets
Cash at bank and in hand 50 50
Creditors: amounts falling due within one year 4 (18,940) (15,183)
Net current liabilities (18,890) (15,133)
Total assets less current liabilities (5,101) (1,344)
Creditors: amounts falling due after more than one year 5 (10,123) (13,880)
Net liabilities (15,224) (15,224)
Capital and reserves
Called up share capital 1 1
Profit and loss account (15,225) (15,225)
Shareholders' funds (15,224) (15,224)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Celia Matsanga
Director
Approved by the board on 12 March 2025
CELIA MATSANGA LTD
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2024 22,981
At 31 January 2025 22,981
Depreciation
At 1 February 2024 9,192
At 31 January 2025 9,192
Net book value
At 31 January 2025 13,789
At 31 January 2024 13,789
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 274
Taxation and social security costs 38 38
Other creditors 18,902 14,871
18,940 15,183
5 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,419 4,699
Obligations under finance lease and hire purchase contracts 5,704 9,181
10,123 13,880
6 Other information
CELIA MATSANGA LTD is a private company limited by shares and incorporated in England. Its registered office is:
17 West Way
Royston
SG8 6LL
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