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Company Registration No. 12088033 (England and Wales)
MA ILSA ASSOCIATES LIMITED Unaudited accounts for the year ended 31 July 2024
MA ILSA ASSOCIATES LIMITED Unaudited accounts Contents
Page
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MA ILSA ASSOCIATES LIMITED Company Information for the year ended 31 July 2024
Director
MUHAMMAD ZAHID
Company Number
12088033 (England and Wales)
Registered Office
66 RONALDSWAY PRESTON LANCASHIRE PR1 6EQ
Accountants
SAM & CO FINANCIAL ACCOUNTANT 300 PLATT LANE Manchester Greater Manchester M14 7BZ
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MA ILSA ASSOCIATES LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,047 
16,073 
Current assets
Inventories
6,482 
10,854 
Cash at bank and in hand
3,250 
1,856 
9,732 
12,710 
Creditors: amounts falling due within one year
(3,040)
(4,715)
Net current assets
6,692 
7,995 
Total assets less current liabilities
19,739 
24,068 
Creditors: amounts falling due after more than one year
(24,382)
(27,610)
Net liabilities
(4,643)
(3,542)
Capital and reserves
Share premium
1 
1 
Profit and loss account
(4,644)
(3,543)
Shareholders' funds
(4,643)
(3,542)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
MUHAMMAD ZAHID Director Company Registration No. 12088033
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MA ILSA ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
MA ILSA ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12088033. The registered office is 66 RONALDSWAY, PRESTON, LANCASHIRE, PR1 6EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
18,000 
19,000 
37,000 
At 31 July 2024
18,000 
19,000 
37,000 
Depreciation
At 1 August 2023
12,305 
8,622 
20,927 
Charge for the year
1,424 
1,602 
3,026 
At 31 July 2024
13,729 
10,224 
23,953 
Net book value
At 31 July 2024
4,271 
8,776 
13,047 
At 31 July 2023
5,695 
10,378 
16,073 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,040 
4,715 
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MA ILSA ASSOCIATES LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,503 
16,856 
Loans from directors
11,879 
10,754 
24,382 
27,610 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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