REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st August 2024 |
for |
M&Oz Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st August 2024 |
for |
M&Oz Ltd |
M&Oz Ltd (Registered number: 08197167) |
Contents of the Financial Statements |
for the Year Ended 31st August 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
M&Oz Ltd (Registered number: 08197167) |
Balance Sheet |
31st August 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 were approved by the director and authorised for issue on |
M&Oz Ltd (Registered number: 08197167) |
Notes to the Financial Statements |
for the Year Ended 31st August 2024 |
1. | COMPANY | INFORMATION |
M&Oz Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Fixtures and Fittings - 25% Straight Line |
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
Going concern |
At the time of approving the financial statements, the director has confirmed that they will continue to support the company and ensure it has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M&Oz Ltd (Registered number: 08197167) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st September 2023 |
Disposals | ( |
) |
At 31st August 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1st September 2023 |
Revaluations | ( |
) |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
Investment property comprises of one residential property purchased 12 December 2017. There has been a revaluation of the property in the year with an adjustment of £8,000. |
Cost or valuation at 31st August 2024 is represented by: |
£ |
Valuation in 2024 | 211,000 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Corporation tax |
Directors' current accounts | 54,141 | 52,735 |
Accrued expenses |
M&Oz Ltd (Registered number: 08197167) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
value: | £ | £ |
Ordinary A | 1 | 60 | 60 |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023: |
31.8.24 | 31.8.23 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
The loan is repayable on demand and no interest was charged during the year. |
9. | CONTROL |