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REGISTERED NUMBER: 07033318 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

COSMAC LTD

COSMAC LTD (REGISTERED NUMBER: 07033318)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COSMAC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A Bhanji
S A Bhanji





REGISTERED OFFICE: Unit 5 Space Business Park
Abbey Road
Park Royal
London
NW10 7SU





REGISTERED NUMBER: 07033318 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

COSMAC LTD (REGISTERED NUMBER: 07033318)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22 30

CURRENT ASSETS
Debtors 5 14,866 23,316
Cash at bank and in hand 1,130 276
15,996 23,592
CREDITORS
Amounts falling due within one year 6 35,599 33,161
NET CURRENT LIABILITIES (19,603 ) (9,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,581 ) (9,539 )

CREDITORS
Amounts falling due after more than one year 7 7,500 14,998
NET LIABILITIES (27,081 ) (24,537 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,181 ) (24,637 )
SHAREHOLDERS' FUNDS (27,081 ) (24,537 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





S A Bhanji - Director


COSMAC LTD (REGISTERED NUMBER: 07033318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Cosmac 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the company's net current liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Financial instruments
Financial assets and liabilities are recognized in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transactions costs and are measured subsequently at amortised cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

COSMAC LTD (REGISTERED NUMBER: 07033318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 988
DEPRECIATION
At 1 July 2023 958
Charge for year 8
At 30 June 2024 966
NET BOOK VALUE
At 30 June 2024 22
At 30 June 2023 30

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by related companies 14,826 23,276
Other debtors 40 40
14,866 23,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 7,500 7,500
Other creditors 28,099 25,661
35,599 33,161

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 7,500 14,998

8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,500 7,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,500 7,500

COSMAC LTD (REGISTERED NUMBER: 07033318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. LOANS - continued
30.6.24 30.6.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,498

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the following balances were outstanding in respect of companies where the directors have beneficial interest and where the company directors are also the directors:-

2024 2023
£    £   
Debtors:
Baronstar Limited - 1,800
East End Cosmetics 14,826 21,476
14,826 23,276


The amounts due are interest free and there are no specific terms of repayment.

As at balance sheet date, included within creditors is £27,580 (2023: £25,141), an amount owed to the directors of the company. The amount owed is unsecured and there are no fixed terms of repayment.