Registered number
09295459
MSAGYA LTD
Filleted Accounts
31 October 2024
MSAGYA LTD
Registered number: 09295459
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 96,376 10,015
96,376 10,015
Current assets
Stocks 28,795 34,275
Debtors 4 1,022 2,300
Cash at bank and in hand 136,473 24,770
166,290 61,345
Creditors: amounts falling due within one year 5 (957) (2,309)
Net current assets 165,333 59,036
Total assets less current liabilities 261,709 69,051
Creditors: amounts falling due after more than one year 6 (272,182) (1,495)
Net (liabilities)/assets (10,473) 67,556
Capital and reserves
Called up share capital 2 2
Profit and loss account (10,475) 67,554
Shareholders' funds (10,473) 67,556
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.
Mohammed SAJJAD
Director
Approved by the board on 30 April 2025
MSAGYA LTD
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% pa reducing balance
Fixtures, fittings, tools and equipment 18% pa reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 - 19,529 47,909 67,438
Additions 85,000 5,431 - 90,431
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2024 85,000 24,960 47,909 157,869
Depreciation
At 1 November 2023 - 9,570 47,853 57,423
Charge for the year 1,289 2,771 10 4,070
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2024 1,289 12,341 47,863 61,493
Net book value
At 31 October 2024 83,711 12,619 46 96,376
At 31 October 2023 - 9,959 56 10,015
4 Debtors 2024 2023
£ £
Trade debtors - -
Other debtors- Rent Deposit 1,022 2,300
1,022 2,300
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 957 2,309
Other creditors - -
957 2,309
6 Creditors: amounts falling due after one year 2024 2023
£ £
Trade creditors - -
Other creditors 272,182 1,495
272,182 1,495
7 Other information
MSAGYA LTD is a private company limited by shares and incorporated in England. Its registered office is:
54 Drake Street
Rochdale
Greater Manchester
OL16 1NZ
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