Company Registration No. 09960099 (England and Wales)
Mazina UK Limited
Unaudited accounts
for the year ended 31 January 2025
Mazina UK Limited
Unaudited accounts
Contents
Mazina UK Limited
Company Information
for the year ended 31 January 2025
Company Number
09960099 (England and Wales)
Registered Office
Congress House
Lyon Road
Harrow
HA1 2EN
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Mazina UK Limited
Statement of financial position
as at 31 January 2025
Tangible assets
1,973
2,630
Cash at bank and in hand
12,376
17,667
Creditors: amounts falling due within one year
(1,809)
(2,180)
Net current assets
22,563
23,573
Total assets less current liabilities
24,536
26,203
Creditors: amounts falling due after more than one year
(577,970)
(509,791)
Net liabilities
(553,434)
(483,588)
Called up share capital
100
100
Profit and loss account
(553,534)
(483,688)
Shareholders' funds
(553,434)
(483,588)
For the year ending 31 January 2025 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 23 April 2025 and were signed on its behalf by
N Saab
Director
Company Registration No. 09960099
Mazina UK Limited
Notes to the Accounts
for the year ended 31 January 2025
Mazina UK Limited is a private company, limited by shares, registered in England and Wales, registration number 09960099. The registered office is Congress House, Lyon Road, Harrow, HA1 2EN.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The director considers it appropriate to prepare the financial statements on a going concern basis as the company retains the financial support of the director in meeting its day to day working capital requirements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% reducing balance
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Mazina UK Limited
Notes to the Accounts
for the year ended 31 January 2025
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2024
681
4,824
5,505
At 31 January 2025
681
4,824
5,505
At 1 February 2024
584
2,291
2,875
Charge for the year
24
633
657
At 31 January 2025
608
2,924
3,532
At 31 January 2025
73
1,900
1,973
At 31 January 2024
97
2,533
2,630
Amounts falling due within one year
Accrued income and prepayments
3,056
1,273
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
309
680
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
577,970
509,791
Mazina UK Limited
Notes to the Accounts
for the year ended 31 January 2025
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions paid by the company to the fund and amounted to £563 (2024: £528).
As at the balance sheet date, the director had personally invested in the company by way of director loan as follows:
N Saab £577,970 (2024: £509,791)
The loan is unsecured and repayable by the company after more than one year.
There is no ultimate controlling party.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).