Registered number
13664891
Muash Sage Limited
Filleted Accounts
31 October 2024
Muash Sage Limited
Registered number: 13664891
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 270 270
Current assets
Stocks 2,850 6,535
Cash at bank and in hand 725 859
3,575 7,394
Creditors: amounts falling due within one year 4 (3,869) (7,860)
Net current liabilities (294) (466)
Net liabilities (24) (196)
Capital and reserves
Called up share capital 4 2
Profit and loss account (28) (198)
Shareholders' funds (24) (196)
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.
Fareeha Khalid
Director
Approved by the board on 14 July 2025
Muash Sage Limited
Notes to the Accounts
for the year ended 31 October 2024
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 270
At 31 October 2024 270
Amortisation
At 31 October 2024 -
Net book value
At 31 October 2024 270
At 31 October 2023 270
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 3,869 7,860
5 Other information
Muash Sage Limited is a private company limited by shares and incorporated in England. Its registered office is:
33 Naseby Road
Essex
IG5 0NN
Muash Sage Limited 13664891 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 Fareeha Khalid No description of principal activity 13664891 2022-11-01 2023-10-31 13664891 core:WithinOneYear 2023-10-31 13664891 core:ShareCapital 2023-10-31 13664891 core:RetainedEarningsAccumulatedLosses 2023-10-31 13664891 2023-11-01 2024-10-31 13664891 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13664891 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 13664891 bus:Director40 2023-11-01 2024-10-31 13664891 1 2023-11-01 2024-10-31 13664891 2 2023-11-01 2024-10-31 13664891 countries:England 2023-11-01 2024-10-31 13664891 bus:FRS102 2023-11-01 2024-10-31 13664891 bus:FilletedAccounts 2023-11-01 2024-10-31 13664891 2024-10-31 13664891 core:WithinOneYear 2024-10-31 13664891 core:ShareCapital 2024-10-31 13664891 core:RetainedEarningsAccumulatedLosses 2024-10-31 13664891 core:Goodwill 2024-10-31 13664891 2023-10-31 13664891 core:Goodwill 2023-10-31 iso4217:GBP xbrli:pure